Techmeme
October 27, 2022, 6:25 PM

Top News

Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4: iPhone revenue up 9.67% YoY to $42.63B, Mac up 25.4% to $11.51B, iPad down 13.06% to $7.17B, Other Products up 9.85% to $9.65B, and Services up 4.98%  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Sofia Pitt / CNBC:
Meta's stock closes down 24.56% at $97.94, its lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse  —  - The parent company of Facebook reported its second straight quarterly decline.  — Meta's Reality Labs division …
Todd Spangler / Variety:
Wall Street Journal:
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads  —  Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
Edward Ludlow / Bloomberg:
David Gutman / The Seattle Times:
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times  —  Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
The Verge:
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules  —  An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.

Sponsor Posts

Google:
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UiPath:
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Featured Podcasts

Spotlight On:
VBSR 1.01: RTO is back (again) + data moats dry up + Sara vibecodes
A podcast from Accel about how companies are built, from the people doing the building.
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Techmeme Ride Home:
OpenAI Acquihires Jony Ive!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
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BG2 Pod:
AI, Middle East, China, Tariffs, Recon Bill, Invest America
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
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Decoder with Nilay Patel:
Uber CEO Dara Khosrowshahi is okay with reinventing the bus
A show from the Verge about big ideas - and other problems.
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Lenny's Podcast:
Unconventional product lessons from Binance, N26, Google, more | Mayur Kamat (CPO at N26, ex-Binance Head of Product)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Uncapped with Jack Altman:
David Tisch from BoxGroup
Conversations with people I admire about things I'm genuinely interested in.
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