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January 4, 2019, 12:15 AM
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M.G. Siegler / 500ish Words:
As the law of large numbers catches up with Apple, it faces a rocky but pivotal year where it needs to transition into a services company earlier than planned  —  Yesterday's updated guidance wasn't just about China...  The results are in.  Actually, they're not in.  And that was a major problem yesterday for Apple.
Shira Ovide / Bloomberg:
Apple failed to warn about China and market saturation, the underlying conditions for its guidance downgrade, which were obvious to those paying attention  —  The company has reached the end of its denial phase.  —  The optimistic narrative about Apple Inc.'s iPhone business is falling apart in front of our eyes.
Tim Cook / Apple:
Apple revises guidance for its fiscal 2019 Q1 downwards due to weakness in some markets, particularly China; stock closes down 9%+
More: Bloomberg, Reuters, Daring Fireball, Wired, The Atlantic, Bloomberg, 9to5Mac, Fortune, Tom's Guide, Bloomberg, Wall Street Journal, Stratechery, Daring Fireball, VentureBeat, CNBC, New York Times, Macworld, TechNode, Forbes, Philip Elmer-DeWitt, Digital Trends, TechCrunch, Business Insider, Business Insider, CNN, Tech.pinions, Bloomberg, ExtremeTech, The Hill, TidBITS, PYMNTS.com, Thurrott, The Mac Observer, FierceWireless, Light Reading, Vox, Engadget, Trustnodes, Crunchbase News, Gizmodo, Mashable, Cult of Mac, On my Om, Wall Street Journal, Droid Life, Quartz, Gizmodo, FutureSin, Ethereum World News, iClarified, Telegraph, iPhone in Canada Blog, ZDNet, Silicon Valley Business …, KnowTechie, BetaNews, iDownloadBlog.com, Ars Technica, Recode, Motherboard, MacRumors, BGR, Investor's Business Daily, Fox News, New York Times, AppleInsider, Computerworld, CCN, Telegraph, MacRumors, IT PRO, Cult of Mac, MacDailyNews, Silicon Republic, The Loop, Inquirer, Financial Times, BBC, Daring Fireball, EE Times, Newser, The Next Web, Notes from Silicon Valley, Axios, Yahoo Finance, and TechCrunch
Tweets: @cnbcnow, @markgurman, @tomwarren, @gruber, @reckless, @tomwarren, @alexstamos, @saschasegan, @llsethj, @vikramchandra, @reckless, @caseynewton, @jsnell, @markgurman, @markgurman, @ashleyrcarman, @mgsiegler, @film_girl, @film_girl, @film_girl, @film_girl, @benthompson, @kifleswing, @techledes, @benbajarin, @panzer, @thekenyeung, @thestalwart, @thurrott, @howardlindzon, @jank0, @thurrott, @lexnfx, @i__fakhr, @jyarow, @benbajarin, @benbajarin, @llsethj, @saschasegan, @mgsiegler, @mgsiegler, @mgsiegler, @mgsiegler, @mgsiegler, @selina_y_wang, @hshaban, @cnbcnow, @felixsalmon, @jyarow, @mattyglesias, @tomwarren, @alex, @panzer, @mikeisaac, @ow, @benbajarin, and @sarahfrier
Steve Kovach / CNBC:
Apple lowers revenue guidance to $84B after previously projecting $89B-$93B, because of fewer iPhone upgrades than expected
Makena Kelly / The Verge:
Report: for the second year in a row, FCC's Ajit Pai has canceled his CES trip, as the US government shutdown forces furloughs for non-essential FCC employees  —  It will be the second year in a row that he hasn't attended the conference  —  Federal Communications Commission Chairman Ajit Pai …
Christina Farr / CNBC:
Verily, the life sciences arm of Alphabet, raises $1B in round led by Silver Lake, says Alphabet CFO Ruth Porat and Silver Lake's Egon Durban are joining board  —  - Alphabet's Verily is raising $1 billion in a new round led by Silver Lake, and Ruth Porat is joining the board.
Will Sommer / The Daily Beast:
YouTubers popular with kids are promoting a shady gambling site selling “mystery boxes” filled with supposed prizes  —  Paul and Bryan “Ricegum” Le are among the popular children's entertainers promoting “mystery boxes” filled with supposed prizes the site says underage users are ineligible to win.
Andrew J. Hawkins / The Verge:
GM's self-driving unit Cruise partners with DoorDash to test a food delivery service in San Francisco starting in early 2019  —  The pilot will commence in early 2019 in San Francisco  —  Cruise Automation, the self-driving unit of General Motors, is teaming up with DoorDash to test …
Jesse Damiani / The Verge:
Netflix's interactive format for films like Bandersnatch makes content harder to pirate, increases viewer engagement, and generates insightful data about users  —  Light spoilers for Black Mirror's interactive episode Bandersnatch ahead.  —  On Friday, December 28th, after months of speculation …
Brady Dale / CoinDesk:
BitTorrent announces its own crypto tokens that users trade to other users for faster downloads  —  BitTorrent, which pioneered peer-to-peer technology for sharing files on the internet, is creating its own cryptocurrency.  —  Issued by the Singapore-based BitTorrent Foundation …

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From Mediagazer

Todd Spangler / Variety:
Trump says Stephen Colbert is a “pathetic trainwreck” and “CBS should, ‘put him to sleep,’ NOW”, after CBS aired a Late Show rerun in which Colbert mocked Trump

Sara Fischer / Axios:
60 Minutes' CECOT segment, pulled by Bari Weiss, was mistakenly aired in Canada via an app owned by Global Television, which airs 60 Minutes in the country

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

More News

Mary Jo Foley / ZDNet:
Microsoft adds two new Microsoft 365 bundles focused on security and compliance, expands availability of its MyAnalytics “fitness tracker for work” service

Earlier Picks

Nellie Bowles / New York Times:
Obituary of Karen Sparck Jones, a self-taught programmer whose 1972 research paper on natural language processing laid the groundwork for modern search engines
Campbell Kwan / ZDNet:
USB Implementers Forum announces USB Type-C authentication program to protect against non-compliant USB chargers and USB malware risks
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