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 6%+
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.
Facebook Q2: $18.68B revenue, up 11% YoY, net income $5.18B, up 98% YoY, as DAUs rise 12% YoY to 1.79B, MAUs rise 12% YoY to 2.7B; stock up 7%+
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 …
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.
Apple Q3: iPhone sales of $26.42B, up 1.66% YoY and beating expectations of $22.37B, Greater China sales of $9.33B, up from $9.16B YoY
Stephen Nellis / Reuters :
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.
In an update to the July 15 hack, Twitter says a few employees were targeted in a phone spear phishing attack, and it had since limited access to internal tools
‘This attack relied on a significant and concerted attempt to mislead certain employees’ — Twitter provided an update …
Cook says strong Mac and iPad sales in Q3 were likely boosted by stay-at-home rules while iPhone and wearables were negatively affected by retail closures
Bloomberg :
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 4%+
SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.
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
Casey Newton / The Verge :
Apple Q3: services hit all-time record of $13.16B, up from $11.45B in Q2 2019, as Wearables, Home and Accessories grew to $6.45B, compared to $5.53B last year
Stephanie Condon / ZDNet :
The hearing at times felt like gaslighting, with the CEOs trying to convince lawmakers that the evidence the House collected wasn't really evidence of anything
It is less clear that tech executives' strategy of evasive answers will continue to work now that lawmakers have begun doing their homework.
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
Juli Clover / MacRumors :
Apple says its board of directors has approved a four-for-one stock split, its fifth stock split since it went public
Todd Haselton / CNBC :
Sources: Facebook has made deals with Sony, UMG, and Warner Music for the right to show music videos and approached artists about exclusive rights to videos
- Social giant also could bankroll some video production — Music videos have surged on YouTube during the pandemic
The hearing's biggest losers were antitrust divisions of the FTC and DOJ, which have the same info as the subcommittee but haven't made a case against Big Tech
David Dayen / American Prospect :
Sources: Nvidia in talks to buy Arm in a cash-and-stock deal that would value it at more than the $32B SoftBank paid to buy the UK chip designer in 2016
US chipmaker seeks cash-and-stock purchase of UK chip designer from its Japanese owner — US chip company Nvidia is in talks to buy …
Emails from Jeff Bezos and other Amazon employees suggest the acquisition of Ring was for “market position - not technology”
‘And that market position and momentum is very valuable’ — On Wednesday, the House Judiciary Committee held its last hearing as part …
Zuckerberg says there is “no end in sight” for US Facebook employees working from home due to the surge in US COVID-19 cases
Salvador Rodriguez / CNBC :
Emails in 2006 show Google almost struck a deal with Pure Digital, makers of the Flip Video, to make a “Google branded camera” to increase Google Video uploads
Sean Hollister / The Verge :
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 …
Twitter permanently bans the account of white supremacist David Duke
Duke's Twitter account was “permanently suspended” for violating the company's policy against hateful conduct, a spokesperson for the social network says. — White supremacist David Duke has been per...
Alphabet reported its first revenue decline in its history due, in part, to COVID-19 and a maturing ad market
Amazon, Apple, Facebook, and Google, worth $5 trillion combined … Clare Duffy / CNN : Google parent Alphabet posts first revenue decline in company history Sarah Sluis / AdExchanger : The Pandemic Fla...
North Face and Heineken are among the companies who say they will resume Facebook ads from August, Levi Strauss and Smucker Co. will continue the boycott
Politico : See also Mediagazer
A look at the “hustle economy”, where unemployed teachers, cooks, and dancers are turning to Patreon, Twitch, and OnlyFans to monetize their digital offerings
Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans — e have nothing to sell besides physical touch. Tweets: @wmmna , @ubi_works , @ibogost , @ozm , @30_helens , @bijans...
Alphabet reports YouTube ad revenue of $3.81B, up 5.8% YoY, but down from $4.04B in Q1
... is a big opportunity as well so we are focused on that.” Continued “YouTube TV is an ad play for us” route See also Mediagazer
EU imposes its first ever cyber sanctions, hitting six people and three organizations including GRU, for involvement in WannaCry, NotPetya, and other attacks
Place of birth: Shandong Province, China Federal Computer Week : FCW Insider: July 31 Francesco Guarascio / Reuters : EU sanctions Russian intelligence, North Korean, Chinese firms over alleged cybera...
Alphabet's “Other Bets”, which includes Waymo, Verily, Fiber, and others, had a Q2 operating loss of $1.12B on revenues of $148M, down from $162M YoY
Kim Lyons / The Verge :
Sources: Affirm, a point-of-sale lender for e-commerce, is in early stage preparations for an IPO that would value the company at as much as $10B
Point-of-sale lender is working with Goldman Sachs in early-stage discussions of a potential listing — Affirm Inc. is laying the groundwork …
The French startup scene also suffers from a lack of diversity, but it cannot be measured because it is mostly illegal in France to track people's ethnicity
- Bloomberg polled top venture capital firms on diversity policy — 'Absence of ethnic diversity doesn't seem to bother investors' Tweets: @martinsfp , @technology , @hkanji , and @business Tweets: ...
The FCC granted Amazon's request to operate its Kuiper low Earth orbit satellites, on condition it doesn't interfere with previously approved rival ventures
Alan Boyle / GeekWire :
For the first time since 2015, AWS wasn't Amazon's fastest growing segment, as quarterly growth slowed from 33% in Q1 to 29%
Jordan Novet / CNBC : Tweets: @timbray Tweets: Tim Bray / @timbray : In internal discussions I said “With Covid, more and more of life moves online, that's good for us. But a few big customers are go...
Google upgrades Chrome Autofill on Android with biometric support when inputting credit card info and introduces a new “touch-to-fill” accounts feature
Abner Li / 9to5Google :
Riot Games ends partnership with Saudi city Neom for a League of Legends tournament, after criticism of the deal due to the country's poor human rights record
Nicole Carpenter / Polygon :
Amazon reports Q2 “other” category revenue, which mostly covers its ad business, of $4.22B, up 41% YoY, and subscriptions services revenue of $6.02B, up 29% YoY
Emil Protalinski / VentureBeat :
Google teases the launch of a phone on August 3, presumed to be its budget phone Pixel 4a
Abner Li / 9to5Google :
Google Cloud revenue increased 43% to $3B in Q2, driven by G Suite's price increase in April and Google Cloud Platform's infrastructure offerings
Natalie Gagliordi / ZDNet :
Netherlands-based “Slack for doctors” app raises $10.5M Series A led by Heal Capital, with Philips Health Technology Venture Fund and EQT Ventures participating
Amy Lewin / Sifted :
EA reports Q1 revenue of $1.46B vs expectations of $1.06B, up 20.7% YoY, live services increased 16% YoY to $1.1B; player engagement “exceptionally high”
Dean Takahashi / VentureBeat :
Rakuten: Amazon's share of US e-commerce fell to 38.5% in June from 42.1% in January; Target's share grew from 2.2% to 3.5% and Walmart's from 4.2% to 5%
it's overwhelmed and unable to keep up. Now, it's losing business to competitors (Target, Walmart) that have nationwide brick & mortar fulfillment centers called “stores."https://www.washingtonpost.co...
Porch, which connects homebuyers to movers, insurance providers, TV/internet companies, and others, to go public at a $523M valuation via merger with a SPAC
Todd Bishop / GeekWire :
Chinese importers are ramping up chip imports through Hong Kong before US sanctions shut the route; chip imports to China through HK in H1 2020 are up 11% YoY
Re-exports of semiconductors through Hong Kong to the mainland jumped by 11 per cent in the first half of the year from the same period …
Tim Cook says Apple pushed back the time period that US employees would come back to the office until early 2021
Bloomberg :
Rakuten confirms it is shutting its US online retail store, originally known as Buy.com, over the next two months; Rakuten bought Buy.com for $250M in 2010
Devin Coldewey / TechCrunch :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Email fatigue is real: Here's how smart email tools help you regain control
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Protecting your Cloud Applications Data
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