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July 27, 2021, 9:25 PM
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Apple:
Apple reports Q3 revenue of $81.4B, up 36% YoY, net income of $21.7B, up from $11.2B YoY, Services sales of $17.4B, up from $13.2B YoY, iPhone sales of $39.6B  —  Revenue up 36 percent to new June quarter record  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Apple's greater China sales in Q3 were up 58% YoY to $14.76B, Americas grew 33% to $39.57B, paid Services subscribers grew to 700M, up 150M YoY  —  - Apple reported strong fiscal third-quarter earnings on Tuesday, demolishing Wall Street expectations.  — Every one of Apple's major product lines grew over 12% on an annual basis.
Microsoft - Investor Relations:
Microsoft reports Q4 revenue up 21% YoY to $46.2B, net income up 47% YoY to $16.5B, commercial cloud revenue up 36% YoY to $19.5B, LinkedIn revenue up 46% YoY  —  Earnings Release FY21 Q4 REDMOND, Wash. — July 27, 2021 — Microsoft Corp. today announced the following results for the quarter ended June 30 …
Alphabet - Investor Relations:
Alphabet reports Q2 revenue of $61.88B, up 62% YoY, operating income of $19.36B, up 31% YoY, Google Cloud operating loss down to $591M; stock up 2%+ after hours  —  MOUNTAIN VIEW, Calif. - July 27, 2021 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2021.
The Guardian:
Facebook will restrict how advertisers can target users under 18 across Facebook, Instagram, and Messenger, only allowing age, gender, and location targeting  —  Advertisers on Instagram, Facebook and Messenger will no longer be able to market to under 18s based on their interests
Olivia Solon / NBC News:
Instagram announces changes for teen accounts, including making them private by default and restricting messages from “suspicious” adults  —  Instagram has introduced protections for its teenage users to default young people into private accounts and make it harder for “suspicious” …
Jason Schreier / Bloomberg:
Activision Blizzard staff aim to walk out on Wednesday, demanding fairer treatment for underrepresented staff and ending arbitration clauses in staff contracts  —  Employees at Activision Blizzard Inc. are calling for a walkout on Wednesday to protest the company's responses …
Ian Carlos Campbell / The Verge:
In the new iPadOS 15 beta, Apple makes its controversial Safari redesign optional, letting users choose a more conventional tab layout in settings  —  Enable the new (bad) tab experience in settings  —  Apple has started trickling out its fourth iOS and iPadOS 15 betas …
Ian Hamilton / UploadVR:
Facebook is recalling ~4M foam face masks for Oculus Quest 2, after reports of irritation; Quest 2 goes on sale again Aug. 24 with improved 128GB base storage  —  Oculus Quest 2 sales are paused as Facebook adds a silicon cover to the boxes of every new headset, following reports of facial skin irritation with the original foam.
Taylor Hatmaker / TechCrunch:
Discord debuts threaded conversations, which auto-archive after 24 hours of inactivity and will roll out by Aug. 17, and a premium feature for private threads  —  After announcing that threads were on the way earlier this year and teasing the feature on Twitter, Discord is now introducing …
Arielle Pardes / Wired:
SensorTower: Clubhouse had 484K global installs from July 21 to 25, up 17% from the previous five days, after moving from invite-only to general availability  —  Just a few days after ditching its invite-only status, the audio chat app had fewer than 500,000 new downloads.
Larry Dignan / ZDNet:
AMD Q2: revenue of $3.85B, up 99% YoY, Computing and Graphics revenue of $2.25B, up 65% YoY, Enterprise, Embedded and Semi-Custom revenue of $1.6B, up 183% YoY  —  The company reported second quarter earnings of 58 cents a share on revenue of $3.85 billion, up 99% from a year ago.
Thomas Claburn / The Register:
Following appliance energy efficiency laws in CA, CO, HI, OR, VT, and WA, Dell has stopped shipping select power-hungry PCs in those markets  —  Energy efficiency rules appears to be limiting the availability of gaming rigs  —  Dell is no longer shipping energy-hungry gaming PCs to certain states …
Jon Porter / The Verge:
Nothing, launched by OnePlus co-founder Carl Pei, announces $99 Ear (1) wireless earbuds, available August 17 with gesture controls, ANC, and more  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has officially announced its Ear (1) true wireless earbuds.
Todd Shields / Bloomberg:
FCC challenges a bid won by SpaceX for $886M in rural broadband subsidies, concerned some of the spending may be wasteful, duplicative, or headed for other uses  —  - Company is among 197 winning bidders to get letters from FCC  — Agency says it's cleaning up results from auction last year
Jane Lee / Reuters:
New York-based Bubble, which offers no-code tools to build web apps, raises $100M led by Insight Partners and says it has over 1M users globally  —  Bubble, a New York based startup that allows non-coders to design and create web applications, said on Tuesday it raised $100 million …

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This is a Techmeme archive page. It shows how the site appeared at 9:25 PM ET, July 27, 2021.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Rachel Premack / Insider:
Workers at CSAT Solutions, a Texas company that handles many of Apple's laptop repairs, call their workplace a “sweatshop” with broken AC and 13-hour shifts

Earlier Picks

Lauren Sommer / NPR:
A look at the risks posed by rising sea water levels at Facebook, Google, and other Silicon Valley campuses and questions over who pays to protect them
Paul Sawers / VentureBeat:
1Password raises $100M led by Accel at a $2B valuation, after raising $200M in 2019, and says it now has 90,000 business customers
Bloomberg:
South Africa's state-owned port and rail company Transnet says a cyberattack five days ago continues to cause disruption at Cape Town and other major ports
Coco Feng / South China Morning Post:
Cryptocurrency exchanges Huobi and OKCoin are closing their subsidiaries in Beijing, as China expands its crackdown; shares of Huobi's parent drop ~22%
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