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July 28, 2022, 9:05 PM
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| Apple: |
Apple reports record Q3 revenue up 2% YoY to $83B, vs. $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories| Kif Leswing / CNBC: |
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022 — KEY POINTS — Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.
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AppleInsider, 9to5Mac, Ars Technica, 9to5Mac, Thurrott, AppleInsider, MacRumors, Insider, CNET, TechCrunch, Bloomberg, Reuters, Apple Must, Patently Apple, Appleosophy, iPhone in Canada Blog, MobileSyrup, Axios, Philip Elmer‑DeWitt, and SlashGear
Tweets: @ron_miller, @epro, and @anthony
| Casey Newton / Platformer: |
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
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Insider, VICE, XDA Developers, CNN, The Guardian, The Information, New York Times, NBC News, Gizmodo, Dirt, Slashdot, Social Media Today, Pixel Envy, iThinkDifferent, 9to5Mac, Нов …, MobileSyrup, People vs Algorithms, Engadget, Digital Trends, PetaPixel, Fortune, Ed Zitron's Where's Your Ed At, Adweek, and Gizchina
Tweets: @caseynewton, @pierce, @tnwhiskeywoman, @shitlicious, @caseynewton, @pierce, @gutjahr, @tiffanydesigned, @mcely, @caseynewton, @caseynewton, @aria_gerson, @lordravenscraft, @tomwarren, @steven_aquino, @brianmanzullo, @hypervisible, @illumitatiana, @laurenjauregui, @platformer, @lisatozzi, @parismartineau, @stevekovach, @chelseacirruzzo, @ericajoy, @mrinaldesai, @caseynewton, @kerrymflynn, @rob_sheridan, @patwhite70, @culturecrave, @brianstelter, @issielapowsky, @walldo, @lucas_shaw, @esaagar, @pantibliss, @oliverdarcy, @oduneweniyi, @nbashaw, @cebsilver, and @chaykak
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI Group revenue down 16% YoY to $4.6B; stock down 5%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, The Verge, Reuters, The Register, VentureBeat, PCMag, Thurrott, Wall Street Journal, Protocol, Bloomberg, HPCwire, and Investor's Business Daily
Tweets: @patrickmoorhead and @donal888
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; the stock jumps 10%+ after hours — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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TechCrunch, GeekWire, Thurrott, Bloomberg, Reuters, Business Wire, BigTechWire, New York Times, Financial Times, Variety, and CNBC
| Makena Kelly / The Verge: |
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden now must sign it into law — All that's left is Biden's signature — It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
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CoinDesk, Washington Post, Reuters, South China Morning Post, CNBC, 9to5Mac, SiliconANGLE, Axios, TechCrunch, Wired, and Bloomberg
Tweets: @repjudychu, @whcos, @jakesherman, and @kellymakena
| @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that provides online and in-person community events, raised $50M led by a16z — gm! I'm very excited to announce that @a16z crypto is leading a $50M round in @veefriends. We look forward to helping the team fuel expansion plans for its creative, technical and experiential operations that support the growing Web3 community! https://a16zcrypto.com/...
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a16z crypto, Blockworks, VeeFriends, ETH Daily, and Waivly
Tweets: @veefriends, @howardlindzon, @mdudas, @kevinrose, @iamtexture, @jackmascone, and @tomgara
| Matthew Sparkes / New Scientist: |
DeepMind says AlphaFold has predicted, in 18 months, the structure of almost every protein cataloged by science, 200M+ in total, a biology problem for decades — Artificial intelligence firm DeepMind has transformed biology by predicting the structure of nearly all proteins known to science …
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DeepMind Blog, The Register, New York Times, Financial Times, Fortune, Silicon Republic, and SiliconANGLE
Tweets: @deepmind, @embl, @demishassabis, @officeforai, @uksciencechief, @sparkes, @bp22, @erictopol, @whereisdaz, @sparkes, @alexis_verger, @eladgil, @jamesdouma, @sundarpichai, @stearnslab, @oliviasolon, @jjaron, @schrep, @workmj, @sonykapoor, @daniellefong, @simonbatzner, @aparanjape, @sparkes, and @wintonark
| Taylor Locke / Fortune: |
Variant, an early stage crypto-focused fund, has raised $450M for a third fund focused on the “user-owned web”, after previously raising $22.5M and $110M — Each “crypto winter” is different from the last, but every winter—or what non-crypto people would call a bear market …
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Variant and PYMNTS.com
| Amanda Silberling / TechCrunch: |
Instagram's new feature Dual copies BeReal's front and back camera capture quirk, but misses that people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.| Tom Warren / The Verge: |
Sony begins testing support for a 1440p video output option on the PlayStation 5, a widely requested feature, alongside curated gamelists and new social tools — Beta testers get access today — Sony is starting to test 1440p resolution support for its PlayStation 5 console, a highly-requested addition.
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PlayStation.Blog, Stevivor, GameSpot, Ars Technica, Android Authority, MobileSyrup, Tom's Hardware, Polygon, and TechRadar
Tweets: @bombur, @tomwarren, and @the_poolshark
| Sara Fischer / Axios: |
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab — Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
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Wall Street Journal, The Verge, Gizmodo, Newser, Social Media Today, International Business Times, and The Unraveling
| Amanda Silberling / TechCrunch: |
Twitter tests a status feature for tweets, letting select users in the US and Australia add a label from a predetermined list “to provide more context” — Facebook is trying to be TikTok, but now, Twitter is bringing us back a little bit of Facebook (or LiveJournal, or Myspace).
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Social Media Today, MobileSyrup, Digital Trends, and Neowin
Tweets: @coolranchzaku, @tifotter, @kellan, @iron_man_actual, and @sfiegerman
| Bloomberg: |
An in-depth look at the issues facing Afterpay, Klarna, Affirm, and other BNPL players, such as economic uncertainty, competition, regulators, and customer debt — For three days each week during the month of April in 2014, a seasoned product manager named Lulu Young, an engineering manager … | Chris Welch / The Verge: |
Google Pixel Buds Pro review: good ANC, improved sound, lengthy battery life, and no frequent dropouts, but transparency mode, audio fidelity, and mic need work — Google's premium buds have more features — without deal-breaking flaws — It wasn't a sure thing that the Pixel Buds Pro would turn out to be good.
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9to5Google, TechCrunch, Android Central, Fast Company, Gizmodo, Android Police, Mashable, Droid Life, Digital Trends, XDA Developers, Tom's Guide, CNBC, 9to5Google, MobileSyrup, ZDNet, and Ars Technica
Tweets: @jordannovet and @chriswelch
| Todd Spangler / Variety: |
Roku misses with Q2 revenue up 18% YoY to $764M, vs. $805.2M est., 200M fewer streaming hours at 20.7B, and 1.8M active accounts added to 63.1M; stock down 25%+ — Roku fell well short of Wall Street financial forecasts for the second quarter — and the streaming platform saw the number of hours streamed by customers drop from Q1.
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Roku, ZDNet, Bloomberg, TechCrunch, Protocol, Reuters, Wall Street Journal, MarketWatch, Next TV, The Wrap, Barron's Online, The Hollywood Reporter, CNBC, Deadline, and The Streamable. Tweets: @xpangler
| Joshua Brustein / Bloomberg: |
Hours before Sky Mavis told users it was hacked, CEO Trung Nguyen moved about $3M worth of Axie Infinity's main token AXS; Sky Mavis says it was to help users — This spring, Sky Mavis, the startup that makes the video game Axie Infinity, announced it had suffered a devastating hack.
More:
PYMNTS.com, CoinDesk, Decrypt, Ethereum World News, and The Block
Tweets: @silvermanjacob, @s_m_i, @joshuabrustein, @paultassi, and @somospostpc
| Kharishar Kahfi / The Block: |
Space and Time, a decentralized blockchain data platform, raised a $10M seed led by Framework Ventures, and says it is building a new cryptographic protocol — Framework Ventures is leading the seed funding round. — The $10 million in funds will be used to add engineers to work on the decentralized database.
More:
CoinDesk
| Bloomberg: |
As advertisers struggle with Reels, Meta tries to ease them into the format, including, sources say, by encouraging them to test their video ads on TikTok first — Reels — the short videos that Facebook and Instagram are pushing — are getting more popular, parent company Meta Platforms Inc. says.| Caitlin Harrington / Wired: |
A look at Apple's union-busting campaign, as some retail workers ask management to stop inflicting “traumatic” pressure on other workers trying to unionize — Workers are calling on management to stop inflicting “traumatic” pressure on other workers trying to unionize.
Tweets: @evanderburg and @chrisopfer
| Sarah Perez / TechCrunch: |
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.| Richard Lawler / The Verge: |
Google rolls out a new Gmail UI, moving the Mail, Meet, Spaces, and Chat buttons onto a rail in the top left, and teases a tablet update for later in 2022 — It's not that different — We've been tracking the progress of Google's interface refresh for Gmail since February, and as promised …
More:
The Keyword, YouTube, TechRadar, MobileSyrup, TechCrunch, Android Central, Android Police, Appuals.com, Tom's Guide, PCWorld, Digit, and Thurrott
| Ina Fried / Axios: |
Meta partners with YouGov and Oasis Labs to survey US Instagram users' race and make sure its products and AI operate fairly; Meta will only get aggregate data — Facebook parent Meta plans to partner with an outside group to survey the race of Instagram customers in hopes of better understanding …
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Instagram, Oasis Labs, TechCrunch, Meta AI, Neowin, Adweek, and Bloomberg
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