Techmeme
April 26, 2018, 5:05 PM

Top News

Amazon.com:
Amazon beats with Q1 revenue of $51B, up 43% YoY, net income of $1.6B, up from $724M YoY; stock up 6%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2018.  —  Operating cash flow increased 4% to $18.2 billion for the trailing twelve months …
Jordan Novet / CNBC:
AWS accounted for ~11% of Amazon's Q1 revenue at $5.44B, up 49% YoY, vs. $5.26B est., with $1.4B in operating income, or 73% of Amazon's total operating income  —  Amazon's cloud business exceeded analyst estimates, with revenue climbing 49 percent in the first quarter.
Casey Newton / The Verge:
Snap launches slimmer Spectacles 2.0 with water resistance and faster pic and video transfer times, available at Spectacles.com for $150, $20 more than before  —  They're slimmer, they take photos, and you can take them in the pool.  But will you?  —  Snap today released the next generation …
Lucia Moses / Digiday:
Josh Constine / TechCrunch:
Microsoft Investor Relations:
Microsoft reports Q3 revenue of $26.8B, up 16% YoY, profit of $7.4B, up 35% YoY, says it spent $6.3B on dividends and share repurchases, up 37% YoY  —  REDMOND, Wash. — April 26, 2018 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2018 …
Ruhi Sarikaya / Amazon Developer Services:
Amazon details upcoming Alexa features: discovering skills via natural language, storing/retrieving arbitrary info, follow-up questions without “Alexa” prompt  —  Friction is any variable that impedes your progress toward a goal, whether it's purchasing a product or navigating traffic to make your 9 a.m. meeting on time.
Fred Lambert / Electrek:
Intel hires Jim Keller, Tesla's key chip designer and head of Autopilot, as an SVP to lead silicon engineering  —  Legendary chip architect Jim Keller has seen an increasingly important role at Tesla since he joined the company in 2015.  —  He most recently took over the responsibilities …
Sam Byford / The Verge:
Nintendo reports operating profit of $1.62B, up 505% YoY, on strong Switch sales of 15M units in the year ending March, and names Shuntaro Furukawa as president  —  Nintendo sold just over 15 million Switch consoles in the last financial year, matching its own raised expectations after a hugely successful launch.
Ron Miller / TechCrunch:
IBM partners with a jewelry consortium to introduce TrustChain, a blockchain to prove the provenance of jewelry by following the supply chain from mine to store  —  Every time I talk to someone about the viability of blockchain, I get challenged to show a real project beyond the obvious bitcoin use case.
Sui-Lee Wee / New York Times:
Natalie Jarvey / Hollywood Reporter:
A look at the future of Hulu, which, sources say, is nearing 20M subscribers, up 18% in 4 months aided by Handmaid's Tale and Live TV  —  As season 2 of the reigning Emmy champ debuts and the streaming service once nicknamed “Clown Co.” now nears 20 million subscribers …
Shara Tibken / CNET:
Stephen Nellis / Reuters:
Qualcomm says it will cap phone price at $400 for IP license fee calculations so vendors don't have to pay more for more expensive phones  —  SAN FRANCISCO (Reuters) - Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices …

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Earlier Picks

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