Techmeme
April 29, 2021, 10:35 AM

Top News

Apple:
Apple reports record Q2 revenue of $89.6B, up 54% YoY, net income of $23.6B, up from $11.2B YoY, iPhone sales of $47.9B, up from $29B YoY  —  Revenue up 54 percent to new March quarter record  —  Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Chance Miller / 9to5Mac:
Tim Cook says supply shortages will likely impact the Mac and iPad lineups in Q3 due to “legacy node” chip production that uses older manufacturing methods  —  Apple just reported record earnings for Q2 2021, but the company is also warning of supply shortages affecting the Mac and iPad lineups.
Malcolm Owen / AppleInsider:
Alex Weprin / Hollywood Reporter:
Investor Relations:
Facebook reports Q1 revenue of $26.2B, up from $17.7B YoY, MAUs of 2.85B, up 10% YoY, headcount of 60,654, up 26% YoY, avg. ad price up 30% YoY; stock rises ~5%  —  MENLO PARK, Calif., April 28, 2021 /PRNewswire/ — Facebook, Inc. (Nasdaq: FB) today reported nancial results for the quarter ended March 31, 2021.
Stephanie Condon / ZDNet:
Facebook says Q1 ad revenue was $25.4B, up 46% YoY, expects continued growth in Q2, with headwinds in H2 due to regulatory changes and Apple's iOS 14.5 update  —  The average price per ad in Q1 increased by 30 percent year-over-year, driving up Facebook ad revenue growth.
Tom Warren / The Verge:
Microsoft says it will reduce its cut for PC games in Windows store from 30% to 12% from August 1, in a bid to compete with Steam  —  Microsoft puts the pressure on Valve's Steam store  —  Microsoft is shaking up the world of PC gaming today with a big cut to the amount of revenue it takes from games on Windows.
Manish Singh / TechCrunch:
Facebook says it blocked all posts with “#ResignModi” in India due to a mistake and not due to a government order, and the posts have now been restored  —  Updated at 1.17am IST, Thursday: Facebook comms Andy Stone said the company has restored the posts and is “looking into what happened.”
Gilad Edelman / Wired:
Q&A: Evelyn Douek, a lecturer and Ph.D. student at Harvard studying online speech regulation, on why a “proportional” approach to online speech is a good thing  —  Major platforms' policies aren't actually inspired by the First Amendment.  This legal scholar says that's a good thing.
Chaim Gartenberg / The Verge:
Google finally gives users a way to search through Stadia's 172 games, 526 days after the service's launch  —  If only Google knew anyone with experience building search engines  —  Stadia is an online game streaming service from Google, a company that is practically synonymous with search engines …
Canalys.com:
Canalys: Q1 global smartphone shipments reach 347M, up 27% YoY; Samsung took first place shipping 76.5M for a 22% share, Apple shipping 52.4M for a 15% share  —  Shanghai (China), Bengaluru (India), Singapore, Reading (UK) and Portland (US) - Thursday, 29 April 2021
Kurt Schlosser / GeekWire:
Amazon will invest $1B+ to increase wages for more than 500K of its warehouse workers by $.50 to $3 an hour, rolling out from mid-May to early June  —  Amazon announced Wednesday that it plans to invest more than $1 billion in wage increases for its operations workers, promising raises …
The Markup:
Investigation finds companies targeting Facebook ads for financial services to restricted age groups, a practice that violates its anti-discrimination policies  —  Such ads, along with other age-targeted financial product ads, may violate civil rights laws, attorneys say
Sheila Dang / Reuters:
Facebook says it is giving $5M to support local journalists using its new newsletter service; candidates covering communities of color will be given priority  —  Facebook Inc said Thursday it will give $5 million to pay local journalists in multi-year deals as part of its new publishing platform …

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.
Equals:
Stop vibe coding analytics  —  Equals AI turns questions about your business into auditable spreadsheet models and dashboards.  Build once, iterate for years.
Zoho:
Simplifying benefits management in Zoho People  —  Let's consider a new hire on their first day of orientation.  They receive a brief introduction to the benefits plans, and almost immediately, questions start to surface …
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

Uncapped with Jack Altman:
Sam Blond from Monaco
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Training Data:
Anthropic's Katelyn Lesse & Angela Jiang: Building an Ecosystem, not a Walled Garden
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
John Kim - How to Raise a Few Billion Dollars
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The Sales Framework Every Founder Needs | Mark Roberge
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
How tech workers actually feel about AI in 2026 | Annual AI sentiment survey (Noam Segal)
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.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:35 AM ET, April 29, 2021.

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

Natalia Drozdiak / Bloomberg:

Earlier Picks

Ben Lovejoy / 9to5Mac:
Abner Li / 9to5Google:
Josef Adalian / Vulture: