A look at Apple's smartphone dominance among Gen Z, who make up an estimated 34% of all US iPhone owners, as Samsung and Android struggle against iMessage
Younger Americans prefer an iPhone over Android by huge margins, creating unusual pressure over how they communicate
Sources: Apple plans to evaluate Pay Later borrowers based on spending history, the Apple devices they own, whether they applied for an Apple Card, and more
With Apple Inc. pushing into the lending business with a “buy now, pay later” service, the company is laying out rules for how it will approve transactions.
A look at Andy Jassy's challenges running Amazon, down by $1T in market cap since he took over: cutting costs, layoffs, boosting Prime subscribers, and more
Investors joining Amazon's earning call earlier this month were greeted with a surprise guest: the group's chief executive, Andy Jassy.
IDC: ByteDance's Pico more than tripled its share of the global VR market YoY to ~15% by Q3 2022 while Meta's share fell from 90% to ~75% in the same period
Wall Street Journal :
Creating trustworthy generative AI requires resources probably on the scale of what companies like Microsoft and Google possess, making them even more powerful
Creating trustworthy generative AI requires resources probably on the scale of what companies like Microsoft and Google possess, making them even more powerful
Christopher Mims / Wall Street Journal :
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval
Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps 24%+
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Mark Zuckerberg says Meta's management theme for 2023 is the “Year of Efficiency” and emphasizes the company is aiming to “become a leader in generative AI”
Taylor Hatmaker / TechCrunch :
Apple launches its MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, playoffs, and more for $14.99/month or $99/year
Today, Apple launched MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, Audi 2023 MLS Cup Playoffs …
Sources: as Apple launches MLS Season Pass, the company is shopping ad packages for up to ~$4M per season, without guaranteeing advertisers viewership numbers
Spotify reports Q4 revenue up 18% YoY to €3.2B and a €270M loss, up from €39M YoY, as operating costs rose 44% YoY; paying subscribers were up 10M to 205M
Music streaming group adds subscribers but is hit by rise in operating expenses — Spotify's losses ballooned …
EU Commission changes, triggered by human rights group ICCL, mean regulators in Ireland and elsewhere will report six times a year on GDPR, violations, and more
It's well established that the European Union has some of the strictest privacy laws in the world, threatening fines of up to 4% of a company's annual turnover.
An interview with Harvard Business School professor Shoshana Zuboff on her frustrations with fragmented efforts to restrain tech companies, privacy, and more
These are uncertain times for Silicon Valley. Tech companies are firing staff who they hired in the pandemic. Tweets: @fatassinari , @sroach_econ , @patrickfrench , @henrymance , ...
Microsoft reports Q2 devices revenue down 39% YoY, Xbox hardware revenue down 13%, Xbox content and services revenue down 12%, and Windows OEM revenue down 39%
Tom Warren / The Verge :
Microsoft reports Q2 revenue up 2% YoY to $52.7B, net income down 12% YoY to $16.4B, Dynamics 365 revenue up 21% YoY, and LinkedIn revenue up 10% YoY
Earnings Release FY23 Q2 Microsoft Cloud Strength Drives Second Quarter Results REDMOND, Wash. — January 24, 2023 …
Spotify plans to lay off ~6% of its workforce, or ~600 jobs, says content and ad head Dawn Ostroff is leaving, and reorganizes its engineering and product units
read the memo CEO Daniel Ek sent to staff Bob Cronin / Newser : Spotify Plans Layoffs, After Boss Concedes Miscalculation Rachyl Jones / Observer : Spotify Will Lay Off 600 Employe...
Sources: Samsung is aiming to bring its free TV Plus streaming service to third-party TVs and is approaching rival manufacturers about the idea
Janko Roettgers / Lowpass :
Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups
Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
Sources: seeking to win US allies, TikTok has proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its key algorithms
Chinese-owned app proposes giving U.S. officials oversight of its algorithms — Two years into negotiations with U.S. regulators …