Techmeme
July 30, 2020, 10:30 PM

Top News

Apple:
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 5%+ after hours  —  Revenue up 11 percent and EPS up 18 percent to new June quarter records  —  Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
Stephen Nellis / Reuters:
Apple Q3: iPhone sales of $26.42B, up 1.66% YoY and beating expectations of $22.37B, Greater China sales of $9.33B, up from $9.16B YoY  —  (Reuters) - Apple Inc (AAPL.O) on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography …
Ina Fried / Axios:
Apple confirms new iPhone models will arrive a few weeks later than they have in years past, confirming earlier news reports and supplier comments  —  Apple's financial chief said Thursday that this year's new iPhone models will arrive a few weeks later than they have in years past …
Todd Haselton / CNBC:
Bloomberg:
Steve Kovach / CNBC:
A trove of 1M+ documents from the House antitrust panel builds a far better antitrust case against the tech giants than anything the CEOs said under questioning  —  - Wednesday's Big Tech hearing provided almost no new information or insight into potential antitrust activity by Apple, Amazon, Facebook and Google.
Juli Clover / MacRumors:
Emails between Eddy Cue and other Apple execs from 2011, revealed in House hearing, show Apple considered 40% cut of first year digital content subscriptions  —  Apple once considered taking a 40 percent cut from some subscription apps, according to documents shared today by the House Judiciary Committee (via Bloomberg).
Chance Miller / 9to5Mac:
Internal emails from 2010 show how an Amazon ad prompted Steve Jobs and Phil Schiller to block in-app purchases of Kindle books on iOS  —  As part of the House Judiciary Committee's antitrust probe into Apple, lawmakers have released a variety of internal emails from Apple.
Geoffrey Fowler / Washington Post:
An overview of attempts by tech CEOs to obfuscate and minimize during the hearing, claiming their companies are not that big and data remains under user control  —  No, Google, we're not really in control of our data.  And yes, Facebook, you profit from harmful information.
Kevin Roose / New York Times:
The hearing at times felt like gaslighting, with the CEOs trying to convince lawmakers that the evidence the House collected wasn't really evidence of anything  —  It is less clear that tech executives' strategy of evasive answers will continue to work now that lawmakers have begun doing their homework.
Robin Givhan / Washington Post:
Alphabet:
Alphabet reports Q2 revenue of $38.3B, down 2% YoY, net income of $6.96B, down from $9.9B YoY, Other Bets operating loss grew to $1.1B  —  MOUNTAIN VIEW, Calif. - July 30, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.
Facebook:
Facebook Q2: $18.68B revenue, up 11% YoY, net income $5.18B, up 98% YoY, as DAUs rise 12% YoY to 1.79B, MAUs rise 12% YoY to 2.7B; stock up 6%+ after hours  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2020.
Casey Newton / The Verge:
Amazon.com:
Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 5%+ after hours  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cloudflare:
Cloudflare Connect 2026: The Agentic Conference  —  Stop preparing for agents.  Start running them.  100+ sessions, workshops, and speakers from OpenAI, Arm, and Cloudflare across AI, security, and performance.
Zoho:
Pro Tips: 4 tips to overcome data problems in your CRM  —  Most CRM data problems don't look like problems.  At a glance, your CRM looks fine: records exist, fields are filled, and reports run.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Lenny's Podcast:
The grief, loneliness, and burnout sweeping through the tech industry right now | Molly Graham
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Meta's Muse Revival, Frontier AI Under Threat, The Rise Of Dopamine Sites
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Sources:
Satya Nadella on Microsoft's agent bet and AI's trust problem
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Channels with Peter Kafka:
Meta's New $1300 Glasses and the Fight to Control AI
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Great Chat:
Doomers at Dreamforce
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Invest Like the Best:
Gabe Stengel - Building Investing Superintelligence
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:30 PM ET, July 30, 2020.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Washington Post:

Earlier Picks

Associated Press: