Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas net sales up 2% to $50.4B, and Europe net sales up 10% to $30.4B
Services revenue reaches new all-time record EPS up 16 percent to new all-time high — Apple® today announced financial results …
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023
Meta Platforms (META Quick Quote META - Free Report) … Salvador Rodriguez / Wall Street Journal : Facebook Parent Meta Initiates Dividend as Growth Continues Jonathan Vanian / CNBC : Mark Zuckerberg s...
Apple Q1 revenue: iPhone up 6% YoY to $69.7B, Mac up 1% YoY to $7.78B, iPad down 25% YoY to $7.02B, and Wearables, Home, and Accessories down 11% YoY to $11.95B
sort of Ed Hardy / Cult of Mac : Strong iPhone sales power Apple back to revenue growth Larry Dignan / Constellation Research : Apple Q1 better than expected, services strong as product lines mixed Al...
Apple starts selling the Vision Pro in the US; Tim Cook appeared at the company's flagship Fifth Avenue store in NYC for the launch
- Apple's Vision Pro virtual reality headset is now on sale at all U.S. Apple Store locations and the online U.S. Apple Store.
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features and the company plans to detail its ongoing work “later this year”
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Tim Cook says Apple doesn't intend to license Masimo's blood oxygen detection patents to end the US' Apple Watch import ban, and is instead “focused on appeal”
Wesley Hilliard / AppleInsider :
Google dropped the cache link from Search results snippets last week and plans to remove the cache functionality entirely “in the near future”
Google officially removed the cache link from the Google Search results snippets last week and Google confirmed that it will remove …
Apple reports Q1 sales in Greater China fell 13% YoY to $20.82B, vs. $23.5B est., its weakest Q1 in the region since Q1 2020, amid cooling consumer spending
enough, it's terrible there Neil Cybart / @neilcybart : Tim Cook: Excluding FX, iPhone revenue in mainland China was down mid-single digits. Using Cook's words, the “good news” was we saw solid growth...
Meta plans to start paying quarterly dividend for the first time, of 50 cents per share, “subject to market conditions”, and authorizes a $50B share buyback
Rohan Goswami / CNBC :
Meta's Reality Labs unit generated $1B+ in Q4 revenue but saw a record $4.65B operating loss; the metaverse division has now lost $42B+ since the end of 2020
Meta's Reality Labs hit $1 billion in revenue for the first time Dean Takahashi / VentureBeat : Meta Reality Labs loses $4.65B in Q4 Threads: Benedict Evans / @benedictevans : Best quarter ever for Me...
Cloudflare says it was hacked in November 2023 by a suspected “nation state attacker” who used auth tokens stolen in Okta's breach from October 2023
Cloudflare disclosed today that its internal Atlassian server was breached by a suspected ‘nation state attacker’ who accessed …
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Revenue up 14% to $170.0 billion — Net income up 3433% to $10.6 billion — AWS up 13% — Subscriptions up 14% — Advertising services up 27% — North American sales up 13% — International sale...
On Meta's earnings call, Zuckerberg says Apple's changes to comply with the EU's DMA are “so onerous” he doubts any developer, including Meta, would adopt them
Mark Zuckerberg vs Apples DMA rules. The question arises: Where does one draw the line between protecting user privacy and cultivating innovation? While Zucks doubts about developer adoption may hold....
Apple Q1: revenue from Services, which includes Apple TV+ and Apple Music, rose 11% YoY to a record $23.1B, and the installed base passed 2.2B active devices
Todd Spangler / Variety :
Former CIA employee Joshua Schulte, who was convicted for leaking secrets to WikiLeaks, was sentenced to 40 years in prison on February 1 for espionage and more
A former CIA software engineer who was convicted of carrying out the largest data breach in the agency's history was sentenced …
On Apple's Q1 earnings call, CFO Luca Maestri said that the EU represents “roughly 7% of our global app store revenue”
Ivan Mehta / TechCrunch :
Mark Zuckerberg says that Threads now has more than 130M MAUs, more than “during its initial launch peak”, and is “growing steadily”
Sarah Perez / TechCrunch :
Meta's stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple's and Amazon's $190B gains in 2022
- Stock also holds record for the biggest wipeout in history — Shares surge after big earnings beat, buyback, dividend plans
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aiming to censor reports on Appin's alleged hacker-for-hire past
A loose coalition of anti-censorship voices is working to highlight the legal threats aimed at making reports of one Indian company's hacker-for-hire past disappear.
Sources: in January, the US DOJ charged three people over a phone-hacking scheme that included the FTX hack to steal $400M+ during the exchange's 2022 collapse
The hack coincided with the crypto exchange's meltdown more than a year ago — Federal investigators appear to have cracked …
A profile of Gary Bowser, a 54-year-old programmer who was sentenced in 2022 for 40 months in prison for pirating games and ordered to pay $14.5M to Nintendo
The hacker whose involvement with anti-piracy software ended in a jail sentence has emerged from prison struggling to make rent as he starts paying his fine.
Amazon reports Q4 AWS revenue up 13% YoY to $24.2B, vs. $24.26B est., and operating income of $7.2B, up from $5.2B YoY
Though Andy sounds very “hello fellow kids” when listing brands like ‘Woop’ and talking about ‘Beyonce merch.’ Corey Quinn / @quinnypig.bsky.social : And the Amazon earnings are out for Q4. A miss on...
Amazon reports Q4 ad revenue up 27% YoY to $14.7B, vs. $14.2B est., North America sales up 13% YoY to $105.5B, and International sales up 17% YoY to $40.2B
Annie Palmer / CNBC :
Hands-on with Perplexity and the $20-per-month Perplexity Pro tier, which show that AI-powered search engines could loosen Google's grip on the search market
A start-up called Perplexity shows what's possible for a search engine built from scratch with artificial intelligence.
Meta starts rolling out its v62 software update for Meta Quest headsets, adding support for playing Apple's spatial videos, PS4 and PS5 controllers, and more
The US CPSC says Snap will recall all its Pixy selfie camera drones because their batteries pose a fire hazard; Snap sold fewer than 71K drones in four months
Filing: Amazon spending on content rose 14% YoY to $18.9B in 2023 despite Hollywood strikes
While other media companies have been paring back content spending, Amazon shelled out more than $2 billion more in 2023 for TV shows, movies and music than it did a year earlier.
Byju's US unit Alpha files for Chapter 11 bankruptcy in Delaware, listing liabilities between $1B and $10B and assets between $500M and $1B
A U.S. unit of Indian education technology startup Byju's has filed for Chapter 11 bankruptcy proceedings in the U.S. court of Delaware …
Google debuts ImageFX, an AI image generator underpinned by Imagen 2, with “expressive chips”, or keyword suggestions, and brings Imagen 2 to Vertex AI and Bard
Kyle Wiggers / TechCrunch :
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers
Amazon's new AI assistant designed to help you shop Efe Udin / Gizchina : Amazon launches an AI shopping assistant called Rufus Joe Rogun / MSPoweruser : Amazon launches AI shopping assistant to find ...
Byju's says investors do not have voting rights to remove Byju Raveendran, after calls for the removal of the CEO and his family from top roles at the group
Manish Singh / TechCrunch :
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026
‘Silicon Heartland’ factories were originally planned for 2025 Mariane Angela / The Daily Caller : Intel Delays $20 Billion US Investment Biden Touted As Key Win Benzinga : Intel Reportedly Delays $20...
EU countries strike a deal on the AI Act, after announcing pro-innovation measures and an AI Office; the bill awaits formal approval of EU Parliament
The bloc's law to regulate AI overcomes threats of late opposition. — Free article usually reserved for subscribers
CISA orders US federal agencies to disconnect all Ivanti Connect Secure and Policy Secure VPN appliances vulnerable to actively exploited bugs before February 3
Google plans to roll out a Google Maps feature that uses LLMs to analyze its data on 250M+ places and community insights to recommend places, starting in the US
Google Maps Is Getting Less Reliable, Just like Google Search, with Generative A.I. — https://www.theverge.com/... Forums: Hacker News : Google Maps is getting ‘supercharged’ with generative AI r/te...
Sources: some independent record labels are pushing back on Apple's plans to pay more for spatial audio tracks, saying it benefits larger record companies
Groups behind Adele and Phoebe Bridgers among those against songs recorded in higher-quality audio receiving more money
The US EIA plans to begin surveying crypto miners' electricity use next week; the EIA justified the emergency data collection by citing BTC's 50% price increase
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions
Sergiu Gatlan / BleepingComputer :
YouTube says YouTube Premium and Music have a combined 100M subscribers; CEO Neal Mohan says subscriptions have become a “meaningful part” of YouTube's business
The Browser Company unveils new features for its Arc desktop browser, including Arc Explore, a desktop version of Arc Search's “browse for me”, and Live Folders
Google's fix for a Pixel phone storage bug, the second one in the past four months, is a very technical manual process requiring access to developer tools
Ron Amadeo / Ars Technica :
Sources: Binance's efforts to re-enter the UK market are being frustrated after UK's financial regulator expressed concerns to prospective local partners
Paytm shares fell 20% on February 2, after falling 20% on February 1, as the company reels from the RBI clampdown; Paytm lost $2.1B in market cap in two days
Manish Singh / TechCrunch :
Research: YouTube and Koo, an Indian X-style alternative, are allowing hateful content that violates their policies, less than a month before national elections
Vittoria Elliott / Wired : X: @daithaigilbert X: David Gilbert / @daithaigilbert : With a month to go before the Indian election, one of the most important votes of 2024, new research shows that hate...
OpenSecrets: 450 orgs, including OpenAI and Tesla, reported participating in AI-related lobbying in 2023, up 185% YoY, spending $957M+ on AI and other issues
Hayden Field / CNBC :
Filing: Google asks a US judge to overturn a jury verdict favoring Epic that found Google abused its market dominance in setting rules for the Play Store
Mike Scarcella / Reuters :
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