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July 29, 2022, 7:30 AM
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| Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY 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
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Macworld, Moneycontrol, iPhone Hacks, Bloomberg, Apple, CNBC, PYMNTS.com, Apple Must, The Economic Times, and SiliconANGLE
| 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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9to5Mac, Silicon Republic, Philip Elmer‑DeWitt, Gizchina, Coinspeaker, Six Colors, WRAL TechWire, TheStreet, Daring Fireball, BGR India, and Patently Apple
Tweets: @patrickmcgee_, @benbajarin, @joannastern, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @ron_miller, @epro, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @anthony, @mingchikuo, @neilcybart, @samifathi_, and @neilcybart
| Reuters: |
Apple expects a faster sales growth in Q4, citing easing parts shortages and strong iPhone demand; Tim Cook says Apple is also “being more deliberate” in hiring — Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening … | 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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Silicon Republic, Mobile Dev Memo, Android Authority, BBC, Insider, Fortune, Pocket-lint, The Guardian, New York Times, The i Paper, SlashGear, BGR India, XDA Developers, Livemint, The Overspill, Wccftech, Big Technology, and Daring Fireball
Tweets: @caseynewton, @pierce, @mosseri, @mistydemeo, @urbanjodi, @studioanisa, @ellencscott, @platformer, @chillmage, @lisatozzi, @caseynewton, @parismartineau, @stevekovach, @chelseacirruzzo, @ericajoy, @illumitatiana, @mrinaldesai, @pierce, @caseynewton, @lordravenscraft, @kerrymflynn, @caseynewton, @rob_sheridan, @patwhite70, @steven_aquino, @brianoliu, @culturecrave, @brianstelter, @tomwarren, @chillmage, @issielapowsky, @walldo, @lucas_shaw, @esaagar, @brianmanzullo, @pantibliss, @chillmage, @oliverdarcy, @oduneweniyi, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @nbashaw, @aria_gerson, @shitlicious, @hypervisible, @cebsilver, @chaykak, @willoremus, @laurenjauregui, @rebexxxxa, and @mcely
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: 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.| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
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AnandTech, Appuals.com, The Register, Neowin, and ServeTheHome. Tweets: @cscotta. Thanks:@paulyalcorn
| 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 revenue down 16% YoY to $4.6B; stock drops 10%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, Reuters, SemiAnalysis, TechCircle, Coinspeaker, Wall Street Journal, Fossbytes, and The Register
Tweets: @dylan522p, @patrickmoorhead, @dylan522p, @tculpan, @jonmasters, @dylan522p, @donal888, @stevesi, @niubi, and @jonmasters
| 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; stock jumps 12%+ — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.
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Protocol, Finbold, The Economic Times, TechCrunch, ComputerWeekly.com, diginomica, Coinspeaker, PYMNTS.com, and SiliconANGLE
Tweets: @conorsen, @chriskeall, @carnage4life, @patrickmoorhead, @jonathanvanian, @charliebilello, @conorsen, @parismartineau, and @delrey
| 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 must now 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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New York Times, DCD, Protocol, Silicon Republic, CoinDesk, Reuters, CNBC, Wired, Axios, and PhoneArena
Tweets: @pgelsinger, @repjudychu, @billevanina, @jakesherman, @jonmasters, @jonmasters, @sandralrivera, @whcos, @kellymakena, @stshank, and @jonmasters
| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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XDA Developers, BetaNews, Engadget, 9to5Mac, TechCrunch, Mashable, Twitter Help Center, PhoneArena, and Pocket-lint
Tweets: @mattnavarra, @hunterwalk, @jarango, @markgurman, @davepell, @keithedwards, @y_molodtsov, @davepell, @ow, @stuartbruce, @akindolu, @jangles, and @markgurman
| Todd Spangler / Variety: |
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists … | Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
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Cryptonews, FDIC, CoinGape, Decrypt, Web3 is going just great, and Cointelegraph
| @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed 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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VeeFriends, Waivly, and Start With NFTs
Tweets: @mdudas, @kevinrose, @jeremyknowsvf, @jackmascone, @mikebutcher, @iamtexture, @seldo, @veefriends, @howardlindzon, and @tomgara
| Bloomberg: |
Sony beats estimates with Q1 operating profit of $2.3B, PS5 sales of 2.4M, up from 2.3M YoY, cuts profit outlook from $8.7B to $8.3B for FY ending March 2023 — Sony Group Corp. cut its profit outlook as its PlayStation division faltered and game sales slumped.
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The Verge, GamesIndustry.biz, Engadget, Reuters, Sony Group Corporation, and Nikkei Asia
| Foo Yun Chee / Reuters: |
Sources: EU is considering creating a new directorate headed by two top antitrust officials, amid concerns EU competition watchdog may struggle to enforce DMA — The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough …
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PYMNTS.com
| Manish Singh / TechCrunch: |
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG — Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
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The Indian Express, Livemint, The Economic Times, Reuters, BBC, BGR India, Trak.in, MediaNama, and Firstpost Tech
Tweets: @refsrc, @adityakalra, @gagan_arora1, and @adityakalra
| Cecilia Kang / New York Times: |
Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and could shift how DC regulates competition in nascent industries — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
More:
Dave Lee and Financial Times
Tweets: @enbrown, @enbrown, @johnnyryan, @enbrown, @anshelsag, @daveleeft, @karlbode, @karlbode, @kevinakwok, @enbrown, @ctbeiser, @benz145, @veenadubal, @adamkovac, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, @enbrown, and @pathedger18
| 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; stock drops 20%+ — 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, Wall Street Journal, Barron's Online, The Wrap, Digiday, MarketWatch, Next TV, and Bloomberg
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR division asked to open a stealth account on TikTok, targeting Western audiences; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences …
Tweets: @oliviasolon, @oliviasolon, @martinsfp, and @byron_wan
| Nathan Grayson / Washington Post: |
As inflation rises and the economy contracts, some US Twitch streamers are losing promotional deals, forcing them to rely on meager ad earnings from the service — Khairi Harris, who goes by the handle “KDotDaGawd” on Twitch, is hanging onto his career as a full-time streamer by a thread.
Tweets: @rachaelmyrow, @kp11studios, @cypheroftyr, @kyurieff, @launcherwp, and @vahn16
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