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Techmeme
May 3, 2024, 12:00 PM
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Top News

Kif Leswing / CNBC:
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B  —  Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Apple:
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet; AAPL jumps 5%  —  Services revenue reaches new all-time record  —  EPS sets March quarter record  —  Apple® today announced financial results …
Wesley Hilliard / AppleInsider:
Tim Cook says half of Fortune 100 companies have purchased Apple Vision Pro units and that Apple's focus is on getting more apps and more enterprises engaged
Nikkei Asia:
Apple reports Q2 revenue down 8.1% YoY to $16.4B in Greater China, down 12.7% YoY to $6.3B in Japan, and down 17.2% YoY to $6.7B in the rest of Asia-Pacific
Todd Spangler / Variety:
Apple reports Q2 revenue from Services, which includes Apple TV+ and Apple Music, up 14% YoY to $23.9B, vs. $23.12B estimated, an all-time record
Sudz Niel Kar / MyHealthyApple:
The US FDA approves Apple Watch's AFib history feature for clinical studies, the first digital health tech qualified under the FDA's MDDT program  —  The FDA today announced that it has qualified the Apple Watch AFib ( Atrial Fibrillation) history feature as an MDDT (Medical Device Development Tools).
Ashley Stewart / Business Insider:
Sources: Bill Gates remains intimately involved in Microsoft's operations, advising on strategy, nurturing Microsoft's relationship with Sam Altman, and more  —  Insiders say he's still pulling the strings at Microsoft  —  In 2017, just before Microsoft forged a partnership …
Lindsay Clark / The Register:
A committee of UK legislators says the government's “reticence” to address alleged copyright theft is a “de facto endorsement” of how tech companies build LLMs  —  A committee of UK legislators has slammed the government for its response to alleged copyright theft as a …
Sarah Perez / TechCrunch:
Filing: Google pushes back on Epic's demands following its antitrust win, says the proposed remedies are “unnecessary” and “far beyond the scope” of the verdict  —  In a new filing, Google is pushing back against Fortnite maker Epic Games' numerous proposed remedies …
Lisa O'Carroll / The Guardian:
Germany says it found evidence that Russian state-backed hacker Fancy Bear was behind a cyberattack in 2023 that took down several German government websites  —  Investigation finds hacker group linked to Russian intelligence responsible for attacks targeting politicians and defence sector
Mark Gurman / Bloomberg:
What to expect from Apple's May 7 event: OLED iPad Pros, possibly with M4 chips, a 10.9" and 12.9" iPad Air, updates to Pencil and Magic Keyboard  —  Company gears up to update its tablets for the first time since 2022  —  It's been more than 18 months since Apple Inc. last updated its iPad line …
Aria Alamalhodaei / TechCrunch:
Hubble Network, which is building a satellite network for Bluetooth devices, says it has made a Bluetooth connection directly to a satellite for the first time  —  Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite …
Paige Smith / Bloomberg:
Block plans to invest 10% of its gross profit from bitcoin products each month into bitcoin purchases; its $220M BTC investment grew by ~160% to $573M as of Q1
Jess Weatherbed / The Verge:
Google says 400M+ Google Accounts have used passkeys since the rollout, logging 1B+ authentications, and expands passkeys to its Advanced Protection Program  —  Google is kicking off World Password Day by updating us on its efforts toward replacing the often hacked, guessed, and stolen form of authentication with passkeys.
Tom Warren / The Verge:
Microsoft rolls out passkey support for all consumer accounts; Microsoft account owners can generate passkeys across Windows, Android, and iOS

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From Mediagazer

Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC

Manuel Roig-Franzia / Washington Post:
An interview with Alsu Kurmasheva of RFE/RL, a seasoned editor and broadcaster who spent months in a Russian prison before being released in a prisoner swap

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

More News

Katie Deighton / Wall Street Journal:
Stock photographers prepare for AI disruption, as stock photo companies say traditional photography still has a market but work on building their own AI tools
Karissa Bell / Engadget:
X tweaks its block feature to let users see replies to their posts even by users who have blocked them, with the aim of identifying and reporting “bad content”

Earlier Picks

Olga Kharif / Bloomberg:
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ
Russell Brandom / Rest of World:
WhatsApp told Delhi High Court last week that it will be forced to leave India if required to maintain “traceability” for messages as part of 2021's IT rules
Krisztian Sandor / CoinDesk:
Tether partners with Chainalysis to identify risky crypto addresses that could be used for bypassing sanctions or illicit activities, like terrorist financing
New York Times:
A US federal judge grills the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes
Senator Scott Wiener / @scott_wiener:
[Thread] California State Senator Scott Wiener defends his AI safety bill, SB 1047, after criticism that it will “crush OpenAI's competitors” and open-source AI
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