Apple reports Q3 revenue up 5% YoY to $85.8B, net income up 8% to $21.4B, Americas net sales up 6% to $37.7B, and Europe net sales up 8% to $21.9B
June quarter records for Revenue and EPS Services revenue reaches new all-time high — Apple® today announced financial results …
Apple Q3 revenue: iPhone down 1% YoY to $39.30B, Mac up 2% YoY to $7.01B, iPad up 24% YoY to $7.16B, and Wearables, Home, and Accessories down 2% YoY to $8.10B
but that was off a base of nearly $80 billion. … Emil Protalinski : Apple's Q3 2024 earnings are out: — Revenue up 5% to $85.8 billion — Net income up 8% to $21.4 billion — iPhone revenue down 1...
Intel plans to cut 15%+ of its workforce, the majority by the end of 2024, as part of a $10B cost reduction plan and to suspend its dividend starting in Q4 2024
Intel announced that it will lay off 15% of its workforce as part of a broad cost-reduction program.
Intel reports Q2 revenue down 1% YoY to $12.8B, vs. $12.9B estimated, Data Center and AI down 3% YoY to $3B, and gives light Q3 guidance; INTC drops 25%+
Jordan Novet / CNBC :
Amazon reports Q2 revenue up 10% YoY to $148B, a $13.5B net income, vs. $6.7B YoY, $14.7B operating income, vs. $7.7B YoY, subscription sales up 10% to $10.9B
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its second quarter ended June 30, 2024.
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues
Trying to build goodwill. — Intel told us today that it will extend the warranty on its boxed Intel Core 13th- and 14th-Gen processors by two additional years.
Amazon reports Q2 AWS revenue up 19% YoY to $26.28B, vs. $26.02B est., and AWS operating income of $9.33B, vs. $8.51B est., up from $5.37B in Q2 2023
Jordan Novet / CNBC :
Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, on antitrust grounds
The investigation adds to the global pressure by regulators to prevent control of artificial intelligence by just a handful of the world's largest technology companies.
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units
Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.
Apple reports Q3 revenue down 6.5% YoY to $14.7B in Greater China, up 5.7% YoY to $5.1B in Japan, and up 13.5% YoY to $6.4B in the rest of Asia-Pacific
Nikkei Asia :
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 14% YoY to $24.21B, vs. $23.96B estimated, a new record
Alex Weprin / The Hollywood Reporter :
Stability AI announces Stable Fast 3D, a generative AI model for rapid 3D asset generation, says it can generate a 3D asset from a single image in 0.5 seconds
Not all that long ago, it used to be hard, really hard to generate 3D images. It was a process that involved complex wireframes, complicated software and beefy hardware.
Infoblox and Eclypsium: since 2018, Russian hackers hijacked 35K+ registered domains using Sitting Ducks attacks that involve exploiting DNS configuration flaws
Threat actors have hijacked more than 35,000 registered domains in so-called Sitting Ducks attacks that allow claiming …
Court filings: AI startups Suno and Udio respond to copyright lawsuits from major music labels, saying using proprietary music to train AI models is fair use
In their first responses to the sweeping copyright lawsuits that could define AI music, lawyers for Suno and Udio don't exactly hold back.
Turkey blocks Instagram for failing to comply with “laws and rules”; a Turkish official said Instagram blocked condolence posts about Ismail Haniyeh's killing
Turkey has blocked access to social media platform Instagram, the infotech regulator said on Friday …
Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems
- iPhone maker wants to close loopholes in mini-games payments — Handling in-app purchases is a lucrative business for Apple
On Meta's earnings call, Mark Zuckerberg said Llama 4 will need almost 10x more compute to train than Llama 3.1, Quest 3 sales exceeded expectations, and more
Meta's second quarter earnings continue the same story from the previous quarter: generative AI may be here, but it's going to take a long time to make money.
Amazon reports Q2 ad revenue up 20% YoY to $12.77B, vs. $13B estimated
Todd Spangler / Variety :
Amazon forecasts Q3 revenue below estimates and reports slowing online stores sales growth of 5% YoY in Q2 to $55.4B, vs. a growth of 7% in Q1; AMZN drops 10%+
Study: a year after Meta blocked news content in Canada due to the Online News Act, Canadians' total engagement with news content on social media is down 43%
Canadian news struggling after Meta ban: study — MONTREAL - A new study is painting a grim portrait of how local Canadian news outlets …
The UK's NCA shuts down Russian Coms, a caller ID spoofing platform used by hundreds of criminals to make 1.8M+ scam calls across 107+ countries since 2021
The United Kingdom's National Crime Agency (NCA) has shut down Russian Coms, a major caller ID spoofing platform used by hundreds …
A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge
again Ananya Gairola / Benzinga : US Appeals Court Halts President Biden's Net Neutrality Rules: ‘The Commission Has Failed To Satisfy The High Bar For Imposing Such Regulations’ Iain Thomson / The Re...
A profile of, and interview with, former OpenAI board member Helen Toner, who is building a reputation in Washington, DC, as a trusted expert on AI
Helen Toner is building a reputation in the nation's capital as a trusted expert on artificial intelligence.
The US releases Russian cybercriminals Roman Seleznev and Vladislav Klyushin as part of a prisoner swap that freed 16 people from Russia
and how Mueller WOULD have proven the GRU hacked Podesta. https://www.emptywheel.net/... Eamon Javers / @eamonjavers : BREAKING: For months, I have been working w/ a great @CNBC team on a new document...
Block reports Q2 revenue up 11% YoY to $6.16B, vs. $6.28B est., Square profit up 15% to $923M, Cash App profit up 23% to $1.3B, and raises its FY 2024 guidance
MacKenzie Sigalos / CNBC :
The Twitter for Mac app appears to have been delisted from the App Store; some users say their X accounts were suspended after using the X for iPad app on macOS
Zac Hall / 9to5Mac :
Coinbase reports Q2 revenue up 105% YoY to $1.45B, vs. $1.39B est., a $36.2M net income, and forecasts subscription and services Q3 revenue below expectations
Q2 was a quarter of strong progress for Coinbase and the crypto industry. PYMNTS.com : Corporate America Moving On-Chain and Regulatory Clarity Propel Coinbase Earnings Mat Di Salvo / Decrypt : Coinba...
Contextual AI, which offers retrieval augmented generation tools for enterprises, raised an $80M Series A led by Greycroft; PitchBook values Contextual at $609M
a powerful, end-to-end RAG solution that delivers highly accurate responses. With Contextual AI [image]
Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 revenue below expectations; SNAP drops 20%+
both Apple and Spotify have their own podcast subscription products … X: @alex : i swear that this is every single $SNAP report i have ever seen [image] Dare Obasanjo / @carnage4life : Every quarter, ...
A special committee of 23andMe's board says it's not “prepared to move forward” with CEO Anne Wojcicki's $0.40-per-share offer to take the company private
A special committee of 23andMe's board said it's not “prepared to move forward” with Chief Executive Officer Anne Wojcicki's offer … X: @carnage4life X: Dare Obasanjo / @carnage4life : 23andMe's board...
Surface Pro 11 review: OLED display is vibrant, Flex Keyboard is magic, hardware is solid, but it's costly, not all x86 apps run well, AI features are skippable
Microsoft's latest 2-in-1 is all in on Arm, and it's the closest the company's come to merging the power of a laptop with the battery life and flexibility of a tablet.
Google unveils AI features for Chrome on desktop, including support for Google Lens and searching history via natural language queries, rolling out in the US
Apple files a motion to dismiss the US DOJ's antitrust lawsuit, arguing the lawsuit has not demonstrated anticompetitive conduct and would harm innovation
Chance Miller / 9to5Mac :
Zomato's stock rose as much as 19% on August 2 after it reported Q1 profits up 125x to $30.2M, vs. ~$238K a year ago; Zomato's shares gained 110% in 2024
Hritam Mukherjee / Reuters :
In its annual report, Microsoft adds OpenAI as a competitor in AI offerings and search and news advertising; OpenAI unveiled its prototype SearchGPT last week
Embracing Our Future Microsoft is a technology company committed … Asa Fitch / Wall Street Journal : Microsoft Adds OpenAI to Its List of Competitors in AI and Search Mastodon: Kevin Beaumont / @Gossi...
An Indian tribunal orders a halt on insolvency proceedings against Byju's, days after Byju's settled a $19M payments dispute case with the Indian cricket board
Arpan Chaturvedi / Reuters :
Cloudflare reports Q2 revenue up 30% YoY to $401M, vs. $394.7M estimated, and raises its full-year 2024 forecast
Yuvraj Malik / Reuters :
Rabbit says a June security breach was caused by an employee who leaked API keys and has since been terminated, and it has revoked and rotated those API keys
Jason Koebler / 404 Media :
A Holdings Corp., a holding company owned equally by SoftBank and Naver, plans to sell down its stake in LY's ~$1B tender; LY operates Line messaging app
Mayumi Negishi / Bloomberg :
DoorDash reports Q2 revenue up 23% YoY to $2.63B vs. $2.54B est., total orders up 19% to $635M, forecasts Q3 core profit above est.; DASH jumps 10%+ after hours
Twilio reports Q2 revenue up 4% YoY to $1.08B, vs. $1.06B est., 316K+ active customer accounts as of June 30, vs. 304K+ a year ago; TWLO jumps 5%+
Ciara Linnane / MarketWatch :
Morpho, a decentralized lending developer, raised $50M led by Ribbit Capital, after raising an undisclosed sum earlier in 2024, and $18M in 2022
MK Manoylov / The Block :
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
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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