Techmeme
April 27, 2016, 3:00 AM

Top News

Apple:
Apple Reports Second Quarter Results  —  Capital Return Program Expanding to $250 Billion  —  Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016.  The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share.
Alex Webb / Bloomberg:
Apple misses with Q2 revenue of $50.6B, down from $58B last year; net income down to $10.5B; 51.2M iPhones sold; sees Q3 sales drop to $41B-$43B; stock down 7%+  —  Apple Forecasts Another Sales Decline as iPhone Demand Cools  —  Apple Inc. posted its first quarterly revenue drop …
Devlin Barrett / Wall Street Journal:
Sources: FBI plans to keep iPhone-hacking method secret, will discourage White House from beginning internal review of whether it should be disclosed to Apple  —  FBI Plans to Keep Apple iPhone-Hacking Method Secret  —  Move would likely keep Apple in the dark about security weakness
Twitter:
Twitter Q1 2016 Shareholder Letter  —  Total revenue in the first quarter reached $595 million, up 36% year-over-year, with 30% adjusted EBITDA margin.  We saw a return to sequential growth in monthly active usage, driven by seasonality and marketing initiatives.
Casey Newton / The Verge:
None of the changes Twitter made over the past year have broadened the appeal of the core service  —  Nothing Twitter is doing is working  —  Twitter reported its first-quarter earnings today, and they came in under expectations: the company's haul of $595 million was less than the $607.8 million …
More: VatorNews and CIO.com
Ingrid Lunden / TechCrunch:
Jordan Novet / VentureBeat:
Dropbox previews Project Infinite, which will show files locally but store them remotely; no launch timeline or pricing set  —  Dropbox's Project Infinite shows all company files locally but stores them remotely  —  Cloud file syncing and sharing software company Dropbox today is announcing …
Mark Hachman / PCWorld:
Intel CEO outlines new strategy: focus on connected things like PC and IoT, cloud, new memory business like 3D XPoint, 5G, manufacturing and fab innovation  —  Intel declares independence from the PC as it lays out a broader 5-point strategy  —  The PC's just another ‘connected thing’ in this new world order.
Adi Robertson / The Verge:
HTC launches Vive X, a $100M VR startup accelerator, in Beijing, Taipei, and San Francisco  —  HTC launches $100 million VR startup accelerator  —  HTC is launching a $100 million accelerator program for startups that want to use its VR technology.  The program, called Vive X …
Jim Finkle / Reuters:
Interbank messaging platform SWIFT warns customers of multiple cyber fraud cases, saying the Bangladesh Bank hack was not an isolated incident  —  Exclusive: SWIFT warns customers of multiple cyber fraud cases  —  SWIFT, the global financial network that banks use to transfer billions of dollars every day …
Zac Hall / 9to5Mac:
Microsoft releases Skype for Business Mac Preview with Outlook calendar integration today, plans to add instant messaging, telephony, and more this summer  —  Microsoft introducing Skype for Business Mac Preview w/ Outlook calendar integration  —  Microsoft is getting serious with the Mac today …
Emma Brown / Washington Post:
Top tech leaders, with 27 governors, urge Congress to boost computer science education, announce private donations of $48M, of which $23M will go to Code.org  —  Top business leaders, 27 governors, urge Congress to boost computer science education  —  Leaders of dozens of the nation's top businesses …

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Gerry Smith / Bloomberg: