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April 27, 2016, 10:25 AM
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Joseph Menn / Reuters:
Apple says it received its first FBI tip via Vulnerability Equities Process on April 14; vulnerability already fixed on iOS9 and El Capitan  —  Apple says FBI gave it first vulnerability tip on April 14  —  The FBI informed Apple Inc of a vulnerability in its iPhone and Mac software on April 14 …
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
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  —  Apple Forecasts Another Sales Decline as iPhone Demand Cools  —  Apple Inc. posted its first quarterly revenue drop in more than a decade …
Apple:
Apple Reports Second Quarter Results
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 …
Twitter:
Twitter Q1 2016 Shareholder Letter
Ingrid Lunden / TechCrunch:
Twitter reports mixed Q1 with $595M in revenue, up 36% YoY but less than $608M expected, 310M MAUs, up 3% YoY; stock drops 13%+ after hours
Wall Street Journal:
Sources: Comcast in talks to buy DreamWorks Animation for $3B+, would likely merge DreamWorks with Universal Pictures  —  Comcast in Talks to Buy DreamWorks Animation for More Than $3 Billion  —  Deal would join DreamWorks with Comcast's Universal Pictures
Dean Takahashi / VentureBeat:
Nintendo FY16 misses forecast as profits plunge 60%, NX console to launch in March 2017  —  Nintendo earnings plunge 60 percent in fiscal year as it preps new hardware  —  Nintendo's earnings for the fiscal year ended March 31 fell 60.6 percent to 16.5 million yen, or $148 million, on revenue of $4.53 billion (down 8 percent).
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.
Olivier Laurent / TIME:
Getty Images files EU antitrust complaint against Google for scraping pics from websites, displaying and allowing downloads of hi-res images  —  Google Accused of Enabling Photography Piracy  —  Photography company Getty Images is accusing Google of scraping images from third party websites …
Matt Weinberger / Business Insider:
Smarthome company Vivint raises $100M co-led by Peter Thiel and Solamere Capital  —  Peter Thiel and Mitt Romney invested $100 million in a company that wants to be the Apple of smart homes  —  Vivint, a smarthome company based out of Provo, Utah, has raised its first-ever round …
More: TechCrunch, Forbes and BostInno.  Tweets: @mims

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From Mediagazer

New York Times:
Sources: Sony Pictures Entertainment and Apollo discussed a joint all-cash offer for Paramount, which is still in an exclusive negotiation window with Skydance

Sara Fischer / Axios:
CalMatters, a nonprofit focused on CA politics and policy, acquires tech news nonprofit The Markup; CalMatters has ~$12.5M in funding and The Markup has $5M

Bron Maher / Press Gazette:
At a town hall, GB News CEO announced job cuts affecting 40 roles, its first major round of cuts after its 2021 launch; GB News had 295 staffers in May 2023

More News

Reuters:
T-Mobile earns $479M, adds 2.2M customers, as revenue grows 10.6% YoY, to $8.6B in Q1

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