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January 2, 2024, 8:25 PM
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Top News

Counterpoint Research:
Global premium smartphone sales likely grew 6% in 2023; Apple had a 71% market share, down from 75% in 2022, Samsung had 17%, and Huawei had 5%, up from 3%  —  - As against the decline projected for the overall global smartphone market this year, the premium (wholesale price ≥$600) market's sales are likely to grow 6% YoY in 2023.
Leo Schwartz / Fortune:
Fidelity and other spot bitcoin ETF issuers jockey for an early advantage to attract investors, as they reportedly may get approval to launch by January 10  —  As the Securities and Exchange Commission appears on the precipice of approving the first wave of Bitcoin ETFs …
Oliver Knight / CoinDesk:
Orbit Chain, which facilitates cross-blockchain transactions, loses ~$81M after an attack on its cross-chain bridge protocol, reminiscent of Lazarus Group hacks  —  The hacked funds remain “unmoved” according to Orbit Chain.  —  Register Now  —  Orbit Chain, a platform that communicates …
Ben Schoon / 9to5Google:
X posts with link previews now display titles or headlines in the bottom left corner of the image, but the text size is small and long headlines get cut off  —  X, the platform better known as Twitter, removed headlines from posts with links a few months ago, but is now bringing them back in a new format.
Ben Schoon / 9to5Google:
Telegram rolls out version 10.5 of its app, offering “totally redesigned” voice and video calls with new animations and backgrounds  —  Telegram is rolling out a new update, version 10.5.0, which delivers a new look and feel for voice and video calls, as well as a revamped delete animation that's now available on Android.
Samantha Cole / 404 Media:
Pornhub blocks access in two more states, Montana and North Carolina, in protest of the states' age verification laws  —  As North Carolina and Montana enact new age verification laws effective January 1, residents can't view sites in Pornhub's parent company network.
BBC:
After UK regulators approved Microsoft's Activision deal in October 2023, Brad Smith rows back his criticism of the UK, saying the CMA had been “tough and fair”  —  Microsoft's president, Brad Smith, has rowed back on criticism he made last year that the UK was “bad for business”.
Iyaz Akhtar / PCMag:
Samsung announces that it will hold its next Galaxy Unpacked event on January 17 at 10am PT in San Jose, to showcase new mobile devices and Galaxy AI  —  ‘Galaxy AI is coming,’ reads the tagline, so get ready for Samsung-developed artificial intelligence.
Ben Lovejoy / 9to5Mac:
A deal by the 38 OECD members that took effect on January 1 says that platforms must report users' earnings made on their services to local tax authorities  —  Apps like eBay and Airbnb will be reporting your earnings to tax authorities, under a new global agreement which took effect yesterday ...
Hartley Charlton / MacRumors:
Apple released no new iPads in 2023, the first year without a new tablet since the iPad's launch in 2010; rumors suggest all iPad models will get a 2024 refresh  —  Apple has broken a tradition it maintained for 12 years, releasing no new iPads in 2023 - the first time that the company …
Bloomberg:
Sources: ASML canceled shipments of some of its machines to China at the US' request, weeks before export bans on the high-end chipmaking equipment took effect  —  - ASML canceled shipments of a liminted number of devices  — Biden is cracking down on Beijing's semiconductor industry
Eric Lipton / New York Times:
Retiring generals and departing top Pentagon officials are increasingly flocking to VC firms that have pumped billions into defense tech startups like Anduril  —  Retired officers and departing defense officials are flocking to investment firms that are pushing the government to provide more money to defense-technology startups.

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From Mediagazer

Lucas Manfredi / The Wrap:
Paramount shares rose ~7% after news that Skydance and National Amusements had reached a tentative deal; source: the deal could be done as soon as this weekend

The Guardian:
The Murdoch-owned Sun in the UK abruptly switches political allegiance, endorsing the Labour Party ahead of the July 4 election

Hadas Gold / CNN:
Some WH reporters say Biden's mental fitness could have been better covered before the debate, particularly after the release of Robert Hur's report in February

More News

Sarah Krouse / Wall Street Journal:
Antenna: US customer cancellations at major streamers rose to 6.3% in November, up from 5.1% YoY; 24% of users canceled 3+ subscriptions over the past two years
Sean Endicott / Windows Central:
Valve ended Steam support for Windows 7, 8, and 8.1 on January 1, saying the app used a now-defunct embedded Chrome version; <1% of Steam users have those OSes

Earlier Picks

Dan Primack / Axios:
Filing: Fidelity marks down its X stake, estimating the company in November 2023 was worth 28.5% of the $44B that Elon Musk paid, down from 33% in May 2023
Michael Acton / Financial Times:
A look at the future of Apple's $85B/year services business, as the company faces key US court cases in 2024 and prepares to allow iOS app sideloading in the EU
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