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Techmeme
April 27, 2018, 10:30 AM
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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 7%+ after hours  —  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 …
Jason Del Rey / Recode:
Amazon to raise the price of Prime from $99 to $119 in the US, the first increase in 4 years, going into effect for new subs on May 11 and existing subs in June  —  The increase is effective for new customers starting May 11.  —  Amazon is increasing the price of its Prime membership …
Rene Ritchie / iMore:
Apple to stop production of AirPort Express, Extreme, and Time Capsule Wi-Fi base stations, which were last updated in 2013, but will sell while stock lasts  —  AirPort Express, AirPort Extreme, and AirPort Time Capsule will continue to be sold while supplies last but then Apple is done with the router business... at least for now.
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 …
Matthew Green / A Few Thoughts …:
Cryptographer's doubts about Ozzie's CLEAR key-escrow system: securing private keys at OEMs and disabling a phone once law enforcement accesses it are hard  —  Yesterday I happened upon a Wired piece by Steven Levy that covers Ray Ozzie's proposal for “CLEAR”.
Anita Balakrishnan / CNBC:
Square acquires website builder Weebly in $365M cash and stock deal, says it will give small business customers a way to easily build sites and online stores  —  - Square announced an agreement on Thursday to buy website-building company Weebly for $365 million.
Canalys:
Canalys: Q1 2018 smartphone shipments in China see biggest decline ever, down 21%+ YoY; Huawei, Oppo, Vivo, and Xiaomi accounted for 73%+ of shipments  —  Palo Alto, Shanghai, Singapore and Reading (UK) - Thursday, 26 April 2018  —  Smartphone shipments in China suffered their biggest ever decline …
Ingrid Lunden / TechCrunch:
Amazon has launched a portal offering home security services including installations, with no monthly service contracts, in five price tiers from $240 to $840  —  Amazon's made a slew of acquisitions in the area of smart home services, and now it's offering a product that brings them together under one roof — your roof.
More: Engadget and PYMNTS.com
Fred Lambert / Electrek:
Intel hires Jim Keller, Tesla's key chip designer and head of Autopilot, as SVP for silicon engineering; he also worked on Zen at AMD, led Apple's chip efforts

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From Mediagazer

Bloomberg:
Paramount reaches a settlement with the US states suing to block its WBD acquisition, after four states that opposed a deal conceded over the weekend

Kaitlan Collins / @kaitlancollins:
Email: TV pool chair Bryan Boughton says the pool is suspending pooled coverage of President Trump's events; ABC, CBS, CNN, Fox, and NBC are the pool members

NPR:
Rob Bonta says Paramount must establish a news editorial independence board for CBS News and CNN as part of the settlement; a trustee will monitor compliance

More News

Tom Warren / The Verge:
iTunes now available from the Microsoft Store for Windows 10, nearly a year after Microsoft announced it would be coming to the store before the end of 2017
Arielle Pardes / Wired:
Pinterest aims to make discovery more inclusive with a new beta feature that lets people narrow beauty search results by skin tone range

Earlier Picks

Bloomberg:
A look at YouTube's strategy moving forward from a painful year, as it tries to rein in abusive content while encouraging creators and reassuring advertisers
Damian Collins / UK Parliament:
Disappointed with answers from Facebook's CTO at a parliamentary inquiry, MPs consider using summons power to force Zuckerberg to testify if he enters the UK
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
Sam Byford / The Verge:
Nintendo reports $1.62B operating profit, up 505% YoY, on strong Switch sales of ~15M units in the year ending March; Shuntaro Furukawa named president and CEO
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