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February 3, 2023, 11:55 AM
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Apple:
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B  —  Installed base crosses 2 billion active devices and hits all-time high for all major product categories  —  Services set new all-time revenue record
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone down 8% YoY to $65.8B, Mac down 29% YoY to $7.7B, iPad up 30% YoY to $9.4B, and Wearables, Home, and Accessories down 8% YoY to $13.5B  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Apple missed expectations for revenue, profit, and sales for many of its lines …
Aaron Tilley / Wall Street Journal:
Tim Cook says iPhone revenue would have grown without supply constraints, currency fluctuations were a challenge, and layoffs are a “last resort kind of thing”
Michael Potuck / 9to5Mac:
Apple reports Q1 Services revenue up 6% YoY to $20.8B and says its install base crossed 2B active devices, up from 1.8B devices the company reported in Q1 2022
Davey Alba / Bloomberg:
Sundar Pichai says Google will make LLMs like LaMDA available “in the coming weeks and months”, and users will be able to use them “as a companion to search”  —  Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts' expectations …
Alphabet:
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234
Financial Times:
Sources: Google invested $300M in Anthropic, taking a 10% stake in the generative AI startup and requiring it to spend the money on Google Cloud  —  Cash-for-computing deal shows how large tech groups are investing in companies at the vanguard of generative AI
Kevin Roose / New York Times:
Inside ChatGPT's rushed launch, as OpenAI feared that rivals might upstage them; Sam Altman now worries about regulatory backlash and inflated expectations  —  Even inside the company, the chatbot's popularity has come as something of a shock.  —  One day in mid-November …
Rohan Goswami / CNBC:
Activision Blizzard to pay $35M to the SEC to settle claims it violated federal whistleblower protections and failed to maintain adequate disclosure standards  —  - Activision Blizzard will settle with the SEC for $35 million, over claims that the company violated federal whistleblower protections …
Wall Street Journal:
Documents offer a look at the four men, including a former child actor, who control ~86% of Tether Holdings, incorporated in 2014, and their ties to Bitfinex  —  The stablecoin has become a lucrative business at center of crypto economy  —  Tether Holdings Ltd. operates a $68 billion stablecoin …
BuzzFeed News:
Twitter ending free API access could have the unfortunate side effect of effectively killing off many useful bots like @MakeItAQuote, @BigTechAlert, and more  —  “I'm not paying a dime to Elon lol.”  —  Pranav Dixit  —  One of the most popular bots on Twitter is @MakeItAQuote, which has more than 565,000 followers.
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead
More: The Verge, Insider, Horrific/Terrific, and PhoneArena
Mastodon: @katestarbird@mstdn.social, @molly0xfff@hachyderm.io, @Green_Footballs …, @davidstalane@mastodon.social, @GossiTheDog@cyberplace.social, @mmasnick@mastodon.social, @jeremyburge@mastodon.world, @blaine@mastodon.social, @lauren@mastodon …, @ben@mastodon.adida.net, and @brentsimmons@indieweb.social
Tweets: @twitterdev, @elonmusk, @luca, @twitterdev, @molly0xfff, @get_alttext, @good_faces_bot, @agoldmund, @enichan, @redman, @chipfoxx, @film_girl, @wongmjane, @wongmjane, @maxkennerly, @mattbinder, @orchestrative, @mulligan, @mikeisaac, @thepacketrat, @alex_kirshner, @ninstatusbot, @josephpolitano, @josephpolitano, @carnage4life, @functi0nzer0, @kingkool68, @supersparkplugs, @mjg59, @anythingbott, @mjg59, @oalexanderdk, @0xabad1dea, @anythingbott, @halomancer1, @pookleblinky, @heyjenbartel, @webster, @shitpostbotmin, @mylesborins, @pkmnframes, @caseyjohnston, @rabbit_ebooks, @markpopham, @win98tech, @kottke, @sweetpavement, @steveluvender, @jgee, @mattsheffield, @keithkurson, @madokaframes, @atomicthumbs, @thdxr, @molly0xfff, @liora_, @twitterdev, @zsk, @tomcoates, @penamerica, @jangles, @rsarver, @dancow, @ashevat, @digiphile, @acaguy, @tiffanyleigh, @mgsiegler, @frogandtoadbot, @pkmnframes, @sbframesinorder, @russellbrandom, @esqueer_, @flynnjamm, @emojimashupbot, @frosunliberal, @mubashariqbal, @nickcicero, @connollyebooks, @renfamous, @godlessbot, @aliceavizandum, @migueldeicaza, @helenkennedy, @_restaurant_bot, @solomonmg, @kimzetter, and @craigsilverman
See also Mediagazer
Amitoj Singh / CoinDesk:
As the spat between Binance and WazirX escalates, Binance invites the Indian exchange to withdraw its assets held in Binance wallets after February 3  —  The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.
Matt Richtel / New York Times:
Some US emergency services operators say they are inundated with false calls placed by the Apple Watches or iPhone 14s of skiers and other fitness enthusiasts  —  911 dispatchers are buried under an avalanche of false, automated distress calls from skiers and other Apple device owners who are very much alive.
Sergiu Gatlan / BleepingComputer:
A former employee of IoT manufacturer Ubiquiti pleaded guilty to stealing gigabytes of confidential data in December 2020 and extorting the company for ransom  —  Nickolas Sharp, a former Ubiquiti employee who managed the networking device maker's cloud team, pled guilty today …
Amazon:
Amazon Q4: revenue up 9% YoY to $149.2B, net income down 98% YoY to $278M, AWS revenue up 20% YoY to $21.4B, and employees down 4% to 1.54M; stock is down 5%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022.  Fourth Quarter 2022

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From Mediagazer

Wall Street Journal:
Sources: Disney has laid off over 300 employees in Beijing who worked on its streaming services, as the company carries out the first wave of 7,000 job cuts

Skyler Swisher / Orlando Sentinel:
Board members handpicked by Florida Gov. Ron DeSantis to oversee Disney World's district say Disney set up covenants blocking the new board's power for decades

Sewell Chan / The Texas Tribune:
The Texas Observer's publisher says the 68-year-old outlet will keep publishing after staff crowdfund $300K+ and the board votes unanimously to rescind layoffs

More News

Dave Lee / Financial Times:
Amazon, Meta, Alphabet, and Microsoft will collectively incur more than $10B in charges related to mass layoffs, real estate, and other cost savings

Earlier Picks

Tom Schoenberg / Bloomberg:
Sources: US prosecutors in the DOJ's fraud unit are investigating California-based bank Silvergate over hosting accounts tied to FTX and Alameda Research
Wall Street Journal:
TikTok's playbook to win DC's trust, like touring its Transparency and Accountability Center in California, echoes Huawei's unsuccessful US and Europe strategy
Tom Warren / The Verge:
Sony introduces Discord voice calls in beta for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more
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