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July 30, 2020, 6:00 PM
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| Apple: |
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 5%+ after hours — Revenue up 11 percent and EPS up 18 percent to new June quarter records — Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
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Philip Elmer‑DeWitt, 9to5Mac, VentureBeat, TechCrunch, CNET, Axios, The Verge, MacRumors, Bloomberg, AppleInsider, Six Colors, Bloomberg, MSPoweruser, MacDailyNews, CNBC, Engadget, iDownloadBlog.com, and MacStories
Tweets: @geoffblaber, @neilcybart, @mims, @inafried, @benbajarin, @aapltree, @tomwarren, @ldignan, @kirkburgess, @caro_milanesi, @munster_gene, @benbajarin, @bzamayo, @iansherr, @asymco, @neilcybart, @waltlightshed, @bleedsixcolors, @brianroemmele, @chancehmiller, @johnvoorhees, @dhh, @fjeronimo, @appleinsider, @reneritchie, @macstoriesnet, @benbajarin, @reneritchie, and @markgurman
| Ina Fried / Axios: |
Apple confirms new iPhone models will arrive a few weeks later than they have in years past, confirming earlier news reports and supplier comments — Apple's financial chief said Thursday that this year's new iPhone models will arrive a few weeks later than they have in years past … | Todd Haselton / CNBC: |
| Geoffrey Fowler / Washington Post: |
An overview of attempts by tech CEOs to obfuscate and minimize during the hearing, claiming their companies are not that big and data remains under user control — No, Google, we're not really in control of our data. And yes, Facebook, you profit from harmful information.
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Philip Elmer‑DeWitt. Tweets: @jacknicas, @kantrowitz, @juliaangwin, @mehdirhasan, @joshuatopolsky, @gruber, @eff, @eff, and @eff
| Robin Givhan / Washington Post: |
Democrats at the hearing focused on big questions about the power of Big Tech, while the Republicans focused on Google and how it is “unfair” to conservatives — The congressional hearing starring the country's tech titans began as so many video conferences have in the midst of a pandemic …
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The Markup, Wall Street Journal, and TheStreet
Tweets: @realdonaldtrump, @levie, @mikeisaac, @robingivhan, @robingivhan, and @ron_fournier
| Casey Newton / The Interface: |
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The Verge, Ars Technica, New York Times, Washington Post, New York Times, ZDNet, The Guardian, Axios, Telegraph, 9to5Mac, Wired, Engadget, Adweek, Reuters, VentureBeat, Fortune, Bloomberg, Observer, AdExchanger, Crunchbase News, The Atlantic, Vox, Thurrott, Associated Press, and Wired
Tweets: @halsinger, @housejudiciary, @cnbc, @levynews, @maxschleiffer, @politico, @renusatti, @nxthompson, @oliverdarcy, and @reckless
| Chance Miller / 9to5Mac: |
Internal emails from 2010 show how an Amazon ad prompted Steve Jobs and Phil Schiller to block in-app purchases of Kindle books on iOS — As part of the House Judiciary Committee's antitrust probe into Apple, lawmakers have released a variety of internal emails from Apple.
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The Verge, The Streamable, and iDownloadBlog.com
Tweets: @caro_milanesi, @hallstephenj, and @reckless
| Juli Clover / MacRumors: |
Emails between Eddy Cue and other Apple execs from 2011, revealed in House hearing, show Apple considered 40% cut of first year digital content subscriptions — Apple once considered taking a 40 percent cut from some subscription apps, according to documents shared today by the House Judiciary Committee (via Bloomberg).
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iFixit News, VentureBeat, MacRumors, MacRumors, and iMore
| Steve Kovach / CNBC: |
A trove of 1M+ documents from the House antitrust panel builds a far better antitrust case against the tech giants than anything the CEOs said under questioning — - Wednesday's Big Tech hearing provided almost no new information or insight into potential antitrust activity by Apple, Amazon, Facebook and Google.
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Android Headlines, Protocol, and New York Magazine
Tweets: @caseynewton, @housejudiciary, @ajs, @reckless, @karissabe, @mattrosoff, and @superwuster
| Mark Gurman / Bloomberg: |
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9to5Mac, Gizmodo, MacRumors, Ars Technica, The Information, BBC, iMore, Bloomberg, The Verge, Trusted Reviews, CNBC, Reuters, The Mac Observer, Neowin, iPhone in Canada Blog, Axios, news.com.au, TechCrunch, and AppleInsider
Tweets: @markgurman, @vijayshekhar, @dhh, @dhh, @stroughtonsmith, @onejarednewman, @dhh, @kurtwagner8, @dhh, @reuters, @jason, @reckless, @dhh, and @marcoarment
| Alphabet: |
Alphabet reports Q2 revenue of $38.3B, down 2% YoY, net income of $6.96B, down from $9.9B YoY, Other Bets operating loss grew to $1.1B — MOUNTAIN VIEW, Calif. - July 30, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.
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Reuters, ZDNet, MSPoweruser, and CNET
Tweets: @j_k9, @techledes, @alfredoyigal, @loudmouthjulia, @mhbergen, @loudmouthjulia, and @ericjackson
| Amazon.com: |
Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 5%+ after hours — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.
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CNET, CNBC, and ZDNet
Tweets: @shiraovide, @ldignan, @epro, @profgalloway, @chriskeall, @jamespmcleod, @kateconger, @mattmday, @epro, @tomwarren, @natjarv, @daveleeft, @shiraovide, @rogerwcheng, @ericjackson, and @cloud_opinion
| Facebook: |
Facebook Q2: $18.68B revenue, up 11% YoY, as DAUs rise 12% YoY to 1.79B, MAUs rise 12% YoY to 2.7B; stock up 5%+ after hours — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2020. — “We're glad to be able to provide small businesses the tools …
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CNET, Reuters, ZDNet, New York Times, CNBC, MarketWatch, and Engadget
Tweets: @reutersbiz, @kurtwagner8, @turnernovak, @lexnfx, @marketrebels, @lorakolodny, @cnbcnow, @levynews, @rmac18, @dhh, @karissabe, @lexnfx, @tonyromm, @kurtwagner8, @loudmouthjulia, and @sarahfrier
| Casey Newton / The Verge: |
Facebook's Q2 results demonstrate a surge in usage across its products but it warns engagement may not last after the pandemic; ad revenue grew despite boycott — More people at home means more people on Facebook — The surge in Facebook usage during early shelter-in-place orders in the United States was not just a blip.
More:
Reuters
| Abner Li / 9to5Google: |
Google teases the launch of a phone on August 3, presumed to be its budget phone Pixel 4a — While thoroughly leaked, Google has stayed quiet about when to expect its next mid-range phone. That's changing today with a “lorem ipsum” tease for what is most likely the Pixel 4a.
More:
The Verge, CNET, CNBC, Android Police, XDA Developers, PCWorld, Wccftech, and Android Headlines. Tweets: @joemaring1
| Shubham Agarwal / Digital Trends: |
TikTok says it will pay US creators $1B+ in the next three years, up from the $200M announced before, unveils $70M fund for creators in some European countries — After reports of Instagram poaching TikTok creators emerged, TikTok says it's ramping up its Creator Fund to over a billion dollars …
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Bloomberg, Newsroom | TikTok, CNBC, Newsroom | TikTok, Micky, BBC, and dot.LA
| Bloomberg: |
Tim Cook says Apple pushed back the time period that US employees would come back to the office until early 2021 — Apple Inc. Chief Executive Officer Tim Cook said the company has pushed back a plan to return to its U.S. offices. — “We've kicked the time period that U.S. employees …
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9to5Mac, MacRumors, and AppleInsider
| Canalys: |
Analysis: Huawei shipped 55.8M devices globally, down 5% YoY, overtaking Samsung, which shipped 53.7M, down 30% YoY, to become the world's top smartphone vendor — Shanghai (China), Bengaluru (India), Singapore, Reading (UK) and Portland (US) - Thursday, 30 July 2020
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The Verge, CNN, VentureBeat, Associated Press, Reuters, Android Authority, XDA Developers, 9to5Google, TechSpot, Android Headlines, Micky, Engadget, Phandroid, Redmond Pie, Softpedia News, BBC, Android Central, TechCrunch, Android Police, equalocean.com, Silicon Republic, SamMobile, Fortune, and Gizchina
Tweets: @technikfaultier, @mohammadfarooq_, and @tariqkrim
| Javier Espinoza / Financial Times: |
Telegram files EU antitrust complaint against Apple, saying Apple must “allow users to have the opportunity of downloading software outside the App Store” — Messaging company is latest company to criticise restrictions and fees — Telegram, the messaging app …
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Gizmodo, TechCrunch, Engadget, MacRumors, TechSpot, iPhone Hacks, 9to5Mac, AppleInsider, MacDailyNews, Fossbytes, PYMNTS.com, and iMore. Tweets: @sam_l_shead
| Associated Press: |
EU imposes its first ever cyber sanctions, hitting six people and three organizations including GRU, for involvement in WannaCry, NotPetya, and other attacks — BRUSSELS (AP) — The European Union on Thursday slapped sanctions on six people and three organizations, including Russia's military …
More:
consilium.europa.eu, CyberScoop, MIT Technology Review, BleepingComputer, eur-lex.europa.eu, and Reuters
Tweets: @spainmfa, @sisu_sanity, @germanydiplo, @andrewsweiss, @fireeye, and @jeffstone500
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