Techmeme
January 28, 2022, 11:20 AM

Top News

Apple:
Apple reports Q1 revenue of $123.9B, up 11% YoY, net income of $34.6B, up from $28.8B YoY, Services sales of $19.5B, up from $15.8B YoY, iPhone sales of $71.6B  —  Revenue up 11 percent to new all-time record  —  iPhone, Mac, Wearables, and Services revenue reach new all-time highs
Kif Leswing / CNBC:
Apple reports Q1 Mac revenue of $10.85B, up 25% YoY, iPad revenue of $7.25B, down 14% YoY, and other products revenue, including Watch, of $14.70B, up 13% YoY  —  - Apple reported its largest single quarter in terms of revenue ever, with sales growing over 11% despite supply challenges and the lingering effects of the pandemic.
Juli Clover / MacRumors:
iOS 15.4 beta adds Face ID use with a mask for iPhone 12 and newer, without needing Apple Watch authentication, by recognizing “unique features around the eye”  —  The iOS 15.4 beta that was introduced today added a new feature designed to allow Face ID to be used with a mask and without an Apple Watch for authentication.
Juli Clover / MacRumors:
iPadOS 15.4 and macOS Monterey 12.3 betas add the long-delayed Universal Control, which lets users control nearby Macs and iPads with a single mouse or keyboard  —  The iPadOS 15.4 and macOS Monterey 12.3 betas that Apple released today introduce support for Universal Control …
New York Times:
An investigation into the rise of NSO's Pegasus shows its widespread use by the CIA, UAE, Mexico, Saudi Arabia, and others; the FBI bought but didn't use it  —  A Times investigation reveals how Israel reaped diplomatic gains around the world from NSO's Pegasus spyware — a tool America itself purchased but is now trying to ban.
Sarah Perez / TechCrunch:
FTC: US consumers lost $770M to social media scams in 2021, about 25% of all fraud losses for the year and up 18x from the $42M in losses reported in 2017  —  A growing number of U.S. consumers are getting scammed on social media according to a new report by the Federal Trade Commission …
Florian Mueller / FOSS Patents:
Microsoft and 35 US states led by Utah support Epic Games against Apple through amicus curiae briefs filed with the Ninth Circuit appeals court  —  [Update] The Biden Administration is also supporting Epic.  [/Update]  —  Apple just reported record numbers.
Tom Warren / The Verge:
The UK's CMA says Microsoft has agreed to changes for auto-renewing Xbox subscriptions, including pro-rata refunds, canceling inactive memberships, and more  —  Inactive Xbox subscriptions won't continue to be billed  —  Microsoft is making its Xbox subscriptions a little more flexible after a UK regulator raised concerns.
Ron Amadeo / Ars Technica:
After customer backlash, Google says users of legacy free G Suite accounts will be able to migrate data to free, consumer accounts  —  Last week, Google essentially told free G Suite users “pay up or lose your account.”  —  There is hope for users of Google's “legacy” free G Suite accounts.
Daren Fonda / Barron's Online:
Source: White House is readying an executive action to task federal agencies with regulating Bitcoin and other cryptocurrencies as a matter of national security  —  The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets …
Jonathan Browning / Bloomberg:
Mike Lynch, founder of Autonomy, loses $5B court battle with HP over false accounting; UK government will now decide whether to extradite him to the US  —  Mike Lynch, the Autonomy Corp. founder lost his acrimonious court battle with Hewlett Packard Enterprise Co. over false accounting.
P R Sanjai / Bloomberg:
Google to invest $700M in Bharti Airtel, India's second largest telecom operator, for a 1.28% stake; an additional $300M will go to multiyear agreements  —  Google will invest as much as $1 billion in India's second-largest mobile phone operator, as firms race to offer inexpensive data …
Elizabeth Dwoskin / Washington Post:
Jordan Novet / CNBC:
Alphabet's Google Cloud division has formed a group to build business around blockchain applications and plans to hire a slew of blockchain experts  —  - Alphabet's Google Cloud division is forming a team to win blockchain business after making a concerted effort in retail and other industries.
Casey Newton / Platformer:
Three things Web3 should fix in 2022: make crypto transactions safe and reliable, make blockchains efficient, develop tech for mitigating harassment and abuse  —  A viral video highlights some very real shortcomings in the next-generation internet  —  Last weekend, it felt like everyone I knew was sending me the same link.
Maggie Fitzgerald / CNBC:
Robinhood Q4: revenue of $363M, up 14% YoY, 2021 revenue of $1.82B, up 89% YoY, net loss of $423M, MAUs up 48% YoY to 17.3M; stock down 10%+ on weak Q1 guidance  —  - Robinhood anticipates first-quarter revenue of less than $340 million, down 35% compared with 2021.

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Earlier Picks

The Markup:
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