Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row but largely in line with estimates, and net income up 2.3% to $19.9B
Services revenue reaches new all-time high Installed base of active devices sets all-time record
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+
Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
Apple Q3: revenue grew 7.9% YoY to $15.8B in China, with iPhone up “double digits” and a quarterly Services record, but fell 5.6% YoY to $35.4B in the Americas
Thank you Reuters for quoting lil' ol' me but I have more to say on Apple's latest earnings: …
Apple Q3 revenue: iPhone down 2.4% YoY to $39.7B, Mac down 7.3% YoY to $6.8B, iPad down 19.8% to $5.8B, and Wearables, Home, and Accessories up 2.5% to $8.3B
Aaron Tilley / Wall Street Journal :
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions
Including Apple Music — Top One Billion Despite Quarterly Revenue Decline Chris Welch / The Verge : Apple's big services bet is paying off as iPhone sales dip GSMArena.com : Apple Q2 revenues shrink, ...
Ilya Lichtenstein, who earlier pled guilty to laundering $4.5B in bitcoin stolen via Bitfinex's 2016 hack, admits in court to being the original Bitfinex hacker
- A New York man admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court …
Amazon Q2: ad revenue up 22% YoY to $10.68B, vs. $10.4B est., subscription revenue up 14% YoY to $9.89B, and North America segment sales up 11% YoY to $82.5B
Annie Palmer / CNBC :
To comply with EU DSA, TikTok will let users turn off personalized recommendations in the For You feed, remove targeted ads for those aged 13 to 17, and more
Chinese-owned social media platform TikTok has announced a raft of new features for European users aimed at improving compliance with incoming European Union regulations.
Apple, Samsung, and others freeze imports of laptops and tablets to India; sources say India's sudden import license rules caught the industry by surprise
- India surprised industry with new import license requirement — Modi government seeks to promote domestic manufacturing
Coinbase asks a judge to dismiss the SEC's lawsuit against it, arguing that the case falls outside the agency's authority as Coinbase doesn't trade securities
Coinbase is asking a judge to dismiss the Securities and Exchange Commission's lawsuit against it.
Background actors describe their worries over lack of control of their digital likenesses, which is one key issue in the SAG-AFTRA strike
After four weeks of working as a background actor on the Disney+ series WandaVision during the pandemic, Alexandria Rubalcaba was told by the production crew to report to a tractor trailer.
India delays import limitations on laptops, tablets, and servers, giving companies a “transition period” of at least one month to obtain licenses
India is delaying the implementation of its import limitations on laptops, tablets, and servers, a day after the unexpected …
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M
- Trading revenue was less than that from other sources — Interest income down after USDC stablecoin circulation fell
A profile of TSMC founder Morris Chang, who moved from the US to Taiwan in 1985 to build a chip industry behemoth that now sits at the center of a tech Cold War
At 92, Morris Chang, the founder of Taiwan Semiconductor Manufacturing Company, can no longer stay in the shadows. — Reporting from Taipei, Taiwan
Revolut plans to start shutting down its US cryptocurrency service from September 2, citing regulatory uncertainty, impacting <1% of its crypto users globally
- Revolut is closing its cryptocurrency platform in the U.S., citing regulatory uncertainty.
Google expands its privacy tools, including to alert users when their personal info appears in Search and to remove consensual explicit images from Search
how to use it Timi Cantisano / XDA Developers : Google Search update brings revamped UI, personal info removal tool enhancements, and more Imad Khan / CNET : Google Makes It Easier to Track and Remove...
Nintendo Q1: revenue up 50% YoY to ~$3.2B and net profit up 52% YoY to ~$1.3B, driven by The Super Mario Bros. Movie, the new Zelda, and Switch sales up 13.9%
... but most people don't know their story. — The company was founded 134 years ago, in a small side street in Kyoto, Japan. … Forums: r/gaming : Super Mario movie and Zelda game breathe fresh life ...
An interview with TSMC Chair Mark Liu on why the company plans to stay in Taiwan, the US CHIPS Act, China invading Taiwan, cutting off Huawei in 2020, and more
New York Times : Twitter: @craigaddison Twitter: Craig Addison / @craigaddison : Most stories on #Taiwan & #TSMC nowadays mention silicon shield. “Mr. Liu rejected the idea of the “silicon shield”: t...
Qualcomm, NXP, Bosch, and Infineon form a German company to promote the open-source RISC-V chip architecture, initially targeting auto, and then mobile and IoT
- Venture will be focused on developing RISC-V technology — Unnamed business will initially focus on applications for cars
Brave Search updates its image and video search to use Brave's own index rather than Bing's or Google's; some advanced search capabilities are still absent
but this comes at a significant cost to user privacy. We're happy to provide a 100% private and anonymous way for users to find visual content. https://brave.com/...
Pony.Ai, which launched robotaxi services in Beijing and Guangzhou, launches a joint venture with Toyota and plans to spend $139M to mass produce robotaxis
Toyota (7203.T) and partner Pony.ai are planning to mass produce robotaxis in China, setting up a venture this year which will build cars …
Tel Aviv-based insurance marketplace Vesttoo considers removing its CEO and CFO amid an alleged multibillion-dollar fraud involving faked letters of credit
Jean Eaglesham / Wall Street Journal :
Atlassian reports Q4 revenue up 24% YoY to $939.1M, vs. $914.6M est., net loss down 35% YoY to $59M, and projects Q1 revenue above expectations; TEAM jumps 15%+
Jordan Novet / CNBC :
A look at Premier League soccer's fight against piracy as illegal live streams in the UK decline, with 600K+ blocked last season, and use of IPTV devices rises
Martyn Ziegler / The Times : Twitter: @carl_m79 , @adamcrafton_ , @danielharris , and @martynziegler . Forums: r/PremierLeague Twitter: Carl / @carl_m79 : 1. Allow clubs to show their own matches tha...
Sensor Tower: Threads' DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1
Threads user count falls to new lows, highlighting retention challenges — https://www.cnn.com/... #social #threads Bluesky: Brian Fung / @brianfung.me : Threads user engagement has fallen to new lo...
Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M; SQ drops 5%+
Almost Half of It From Bitcoin Tom Mitchelhill / Cointelegraph : Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble Mastodon: Dare Obasanjo / @carnage4life@mas.to : Square's rename t...
The FCC fines a multi-national robocaller, which placed 5B+ calls pretending to sell auto warranties to collect people's personal information, a record $300M
FCC fines robocaller a record $300M after blocking billions of their scam calls https://techcrunch.com/... @TechCrunch Forums: Hacker News : FCC fines robocaller a record $300M after blocking billions...
Airbnb reports Q2 revenue up 18% YoY to $2.48B, vs. $2.42B est., $650M net income, gross bookings up 13% YoY to $19.1B, and projects Q3 revenue above estimates
A reconciliation of non-GAAP financial measures to the most comparable … Twitter: @thetranscript_ : Airbnb with a double beat: “During Q2 2023, we had 115.1M Nights and Experiences Booked—our highest ...
IBM, HuggingFace, and NASA release an open-source geospatial foundation model to support new climate and Earth science AIs that can track deforestation and more
Cloudflare reports Q2 revenue up 32% YoY to $308.5M, vs. $305.6M est., forecasts Q3 revenue above estimates, and raises its FY 2023 forecasts; NET jumps 5%+
A look at efforts in Asian jurisdictions like Hong Kong and Japan to clarify crypto rules, in contrast to the US, which remains mired in regulatory disarray
Suvashree Ghosh / Bloomberg :
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent
Instagram launches a feature to protect users from unwanted DM images and videos: users may send just one text-only message to someone who doesn't follow them
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023
South Korean circuit board maker Isu Petasys, whose clients include Alphabet, Nvidia, and Microsoft, has seen a 475%+ stock surge in 2023 fueled by the AI boom
Yoojung Lee / Bloomberg : Twitter: @uradn Twitter: @uradn : Isu Petasys Co., which counts Alphabet Inc., Nvidia Corp. and Microsoft Corp. as customers of its multilayered boards, has seen its share p...
How Vietnam became a gaming powerhouse a decade after Flappy Bird; data.ai: Vietnam was in the global top five in mobile game production by downloads in H1 2023
a big shift from when it warned parents they could lead children to a life of crime https://www.bloomberg.com/... via @technology
Kickstarter plans to require that creators disclose if their projects use AI tools or any training data if they intend to develop AI tech, starting on August 29
Triller files for a NYSE IPO after scrapping a $5B SPAC merger in 2021 and a direct listing in 2022; Triller had $47.7M in revenue and a $195.6M loss in 2022
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