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February 2, 2018, 1:10 PM
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Top News

Apple:
Apple Q1: 77.3M iPhones, down 1% YoY, with $796 ASP; 13.2M iPads, up 1% YoY; 5.1M Macs, down 5% YoY; $8.5B services revenue, up 18% YoY  —  Revenue and EPS Hit New All-Time Records  —  Active Installed Base of Devices Reaches 1.3 Billion in January  —  Apple today announced financial results …
Tim Bradshaw / Financial Times:
CFO Luca Maestri says Apple plans to reduce its net cash balance to “approximately zero” following the new US tax law, possibly via M&A, dividends, and buybacks
Juli Clover / MacRumors:
Apple Q1 wearables revenue up ~70% YoY; Watch sales grew 50% in units, revenue for fourth consecutive quarter; Series 3 selling 2x units over Series 2 last year
Zac Hall / 9to5Mac:
Apple reports Q1 revenue of $88.3B, up 13% YoY; $20.1B net income, up from $17.89B YoY; China revenue of $17.96B, up 11% YoY; Q2 revenue guidance of $60B-$62B
Steve Costello / Mobile World Live:
Sony CEO Kazuo Hirai to be succeeded by current CFO in April; Sony reports record Q3 profits of $3.2B boosted by games division; smartphone shipments down to 4M  —  Sony trimmed the sales forecast for its mobile business following a weak fiscal Q3, as it also announced changes in its top management.
Jack Nicas / Wall Street Journal:
YouTube says it will start labeling videos from state-funded broadcasters like PBS and RT, considers surfacing videos from credible sources alongside hoaxes  —  Google unit to provide more context around some videos  —  YouTube said it is planning changes to give users more context …
Jeremy Horwitz / VentureBeat:
Google releases YouTube TV app for Apple TV and select Roku devices for $35/month, bundling over 50 channels with option to separately purchase more  —  As announced with a tease on Twitter, Google has just released an Apple TV client for YouTube TV, providing owners of the fourth-generation Apple TV …
Eric Lam / Bloomberg:
Bitcoin briefly dropped below $8K, for the first time since November, amid the broad cryptocurrency market sell-off  —  Biggest digital token takes losses since peak to about 60%  —  Rival coins including Ripple, Ether and Litecoin tumble  —  Bitcoin fell below $8,000 as a miserable 2018 continued …
Kurt Wagner / Recode:
Sources: HQ Trivia is raising a $15M round led by Peter Thiel's Founders Fund at a $100M+ valuation  —  Founders Fund partner Cyan Banister is leading the round.  —  HQ Trivia, the popular trivia gameshow app, plans to raise money in a new round of financing that values the company north of $100 million …
Andrew J. Hawkins / The Verge:
California DMV self-driving report: Waymo and GM lead with 63 disengagements over 352K+ miles and 105 disengagements over 131K+ miles, respectively  —  So how'd everyone do?  —  California's Department of Motor Vehicles released its annual autonomous vehicle disengagement report today.
Alphabet Investor Relations:
Alphabet Q4 revenue $32.3B, up 24% YoY, net loss of $3B due to $9.9B tax charge; Google ad revenue $27.2B; Other Bets revenue $409M, operating loss $916M  —  MOUNTAIN VIEW, Calif. - February 1, 2018 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2017.
Abner Li / 9to5Google:
Google rolling out Chrome OS 64 with browser enhancements, a new screenshot shortcut, and ability to enable VPN for Play apps  —  Following updates to Android, Mac, Windows, and Linux last week, version 64 is now rolling out to Chrome OS.  In addition to several browser enhacements …
Business Wire:
Amazon beats with Q4 revenue of $60.5B, up 38% YoY; $1.9B net income, up from $749M YoY; ~$789M benefit from new tax law  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2017.
Lizette Chapman / Bloomberg:
Figma raises $25M Series B from KPCB for its browser based collaborative interface design tool that competes with Adobe  —  Kleiner Perkins and other venture capitalists are betting that the Photoshop maker's chokehold over the design market could someday come to an end.

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From Mediagazer

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

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