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July 31, 2020, 12:10 PM
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| 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 6%+ — 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.
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Philip Elmer‑DeWitt, 9to5Mac, Thurrott, Six Colors, CNBC, Philip Elmer‑DeWitt, CCN.com, Macworld, MSPoweruser, Gizchina, MacRumors, Digital Trends, Protocol, Coinspeaker, Pocket-lint, Micky, ZDNet, O'Grady's PowerPage, PYMNTS.com, Ubergizmo, SiliconANGLE, Daring Fireball, iPhone Hacks, and Trusted Reviews
| Stephen Nellis / Reuters: |
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9to5Mac, CNET, Canalys, CNBC, Softpedia News, BetaNews, AppleInsider, Nikkei Asian Review, and Android Authority
Tweets: @somospostpc, @onlyyoontv, @neilcybart, @caro_milanesi, and @arjunkharpal
| Bloomberg: |
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Reuters, 9to5Mac, CCN.com, and Pocket-lint
Tweets: @markgurman, @neilcybart, @mims, @tomwarren, @bleedsixcolors, and @chancehmiller
| Todd Haselton / CNBC: |
| 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.
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The Verge, MacRumors, Business Insider, AppleInsider, MacDailyNews, and iPhone Hacks
Tweets: @caro_milanesi, @gartenberg, @hallstephenj, @reckless, @backlon, @dhh, and @markgurman
| Makena Kelly / The Verge: |
Emails from Jeff Bezos and other Amazon employees suggest the acquisition of Ring was for “market position - not technology” — ‘And that market position and momentum is very valuable’ — On Wednesday, the House Judiciary Committee held its last hearing as part … | Bloomberg: |
Sources: Facebook has made deals with Sony, UMG, and Warner Music for the right to show music videos and approached artists about exclusive rights to videos — - Social giant also could bankroll some video production — Music videos have surged on YouTube during the pandemic
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The Verge, KnowTechie, iPhone in Canada Blog, MediaNama, and Reuters
Tweets: @alexisgoldstein, @kurtwagner8, and @banditelli
| 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 7%+ — Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2020. — “We're glad to be able to provide small businesses …
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Wall Street Journal, TechSpot, Coinspeaker, The Verge, Digital Trends, Wall Street Journal, CCN.com, PYMNTS.com, Bloomberg, Benzinga, The Week, and Yahoo Finance
Tweets: @lfdodds, @jgreenblattadl, @theregister, @b_fung, @sarahfrier, @sarthakgh, @alexeheath, @cnbcnow, and @mikeisaac
| Salvador Rodriguez / CNBC: |
| Casey Newton / The Verge: |
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CNBC, Engadget, CNBC, CNET, Social Media Today, New York Times, Coinspeaker, Reuters, and Reuters
Tweets: @turnernovak, @reutersbiz, @kurtwagner8, @lexnfx, @marketrebels, @lorakolodny, @levynews, @rmac18, @dhh, @karissabe, @lexnfx, @tonyromm, @kurtwagner8, @loudmouthjulia, and @sarahfrier
| Jay Peters / The Verge: |
In an update to the July 15 hack, Twitter says a few employees were targeted in a phone spear phishing attack, and it had since limited access to internal tools — ‘This attack relied on a significant and concerted attempt to mislead certain employees’ — Twitter provided an update …
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Ars Technica, Decrypt, BleepingComputer, The Guardian, CyberScoop, International Business Times, Threatpost, CNN, Wall Street Journal, Cointelegraph, Graham Cluley, CNET, Business Insider, Associated Press, The Block, SecurityWeek, TechRadar, Silicon Republic, TechCrunch, Pocket-lint, ComputerWeekly.com, MacRumors, Inc42 Media, Cryptonews, CoinDesk, SlashGear, Mashable, and Reuters
Tweets: @twittersupport, @kurtwagner8, @kimzetter, @44, @andrealessi, and @lanceulanoff
| 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.
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Fox Business and The Verge
Tweets: @realdonaldtrump, @kunalmajumder, @robingivhan, and @geoffreyfowler
| David Dayen / American Prospect: |
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New York Times, Pro Market, and CNBC
Tweets: @peterrneumann, @ddayen, @ryanlcooper, @cwarzel, and @karlbode
| 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.| Financial Times: |
Sources: Nvidia in talks to buy Arm in a cash-and-stock deal that would value it at more than the $32B SoftBank paid to buy the UK chip designer in 2016 — US chipmaker seeks cash-and-stock purchase of UK chip designer from its Japanese owner — US chip company Nvidia is in talks to buy …
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Bloomberg, The Verge, Tom's Hardware, CNET, PC Gamer, Trusted Reviews, and Wccftech
Tweets: @tomwarren, @dylan522p, @varunkrish, @ruskin147, @libertyrpf, @streamhpc, @fletch_sc, @arashmassoudi, @lionelbarber, @jpwiseuk, and @ruskin147
| Caitlin Dewey / OneZero : |
A look at the “hustle economy”, where unemployed teachers, cooks, and dancers are turning to Patreon, Twitch, and OnlyFans to monetize their digital offerings — Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans — e have nothing to sell besides physical touch.
Tweets: @wmmna, @ubi_works, @ibogost, @ozm, @30_helens, @bijanstephen, @gretchenamcc, @steverousseau, @alexlaughs, @techwontsaveus, @caitlindewey, @mvzelenks, and @rileygryc
| 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 …
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The Verge, Six Colors, Engadget, International Business Times, Six Colors, TechSpot, SlashGear, Engadget, Neowin, and CNBC
| 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 4%+ — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.| Steven Musil / CNET: |
Twitter permanently bans the account of white supremacist David Duke — Duke's Twitter account was “permanently suspended” for violating the company's policy against hateful conduct, a spokesperson for the social network says. — White supremacist David Duke has been permanently banned …
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TechCrunch, Associated Press, The Verge, The Hill, Business Insider, and Axios
Tweets: @copia_copma1, @fox6now, @stopfundinghate, and @pkafka
| Bloomberg: |
The French startup scene also suffers from a lack of diversity, but it cannot be measured because it is mostly illegal in France to track people's ethnicity — - Bloomberg polled top venture capital firms on diversity policy — 'Absence of ethnic diversity doesn't seem to bother investors'
Tweets: @martinsfp, @technology, @hkanji, and @business
| South China Morning Post: |
Chinese importers are ramping up chip imports through Hong Kong before US sanctions shut the route; chip imports to China through HK in H1 2020 are up 11% YoY — Re-exports of semiconductors through Hong Kong to the mainland jumped by 11 per cent in the first half of the year from the same period … | Wall Street Journal: |
Sources: Affirm, a point-of-sale lender for e-commerce, is in early stage preparations for an IPO that would value the company at as much as $10B — Point-of-sale lender is working with Goldman Sachs in early-stage discussions of a potential listing — Affirm Inc. is laying the groundwork …
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TechCrunch, Crowdfund Insider, and PYMNTS.com
Tweets: @ryan_browne_, @julieverhage, @cararlombardo, @wsjmarkets, and @sarthakgh
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