Techmeme
April 28, 2022, 9:20 PM

Top News

Business Wire:
Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5%  —  Revenue up 9 percent to new March quarter record  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Apple Q2 revenue: $50.57B from iPhone, up 5.5% YoY, $10.44B from Mac, up 14.7% YoY, $7.65B from iPad, down 1.9% YoY, and $8.8B from other products, up 12.4% YoY  —  - Apple's revenue grew nearly 9% year over year during the quarter ended in March.  — But shares fell nearly 4% …
Reuters:
Apple reports Services revenue grew 17% YoY to $19.8B in Q2 2022 and 825M paying subscribers globally across all its services, up from 785M in Q1 2022  —  Apple Inc (AAPL.O) on Thursday reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages …
Romain Dillet / TechCrunch:
Snap announces Pixy, a $230 mini drone that can capture 2.7K videos and 12MP photos, syncs with Snapchat, and weighs 101g, available in the US and France  —  Meet Pixy, Snap's little flying companion.  Pixy is a mini drone that can act as a camera sidekick when you can't ask someone to take a video of you.
Alex Hern / The Guardian:
Joanna Stern / Wall Street Journal:
Snap Pixy review: a cute drone with four flying modes, but the footage quality is not the best, the battery lasts only a few flights, and it can't handle wind  —  With this new kind of flying camera, Snapchat's creators take the stress out of piloting remote-controlled aircraft for aerial photography.
Romain Dillet / TechCrunch:
Business Wire:
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.
Annie Palmer / CNBC:
Bloomberg:
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs  —  As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused …
Financial Times:
Jacob Kastrenakes / The Verge:
Twitter says it overstated mDAUs from Q1 2019 to Q4 2021 by up to 1.9M per quarter, counting one user's multiple accounts as active, even if they weren't in use  —  How did this happen twice?  —  Twitter overstated the number of daily users on its service for three years straight, overcounting by up to 1.9 million users each quarter.
Lauren Feiner / CNBC:
Jordan Novet / CNBC:
Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13%  —  - Intel beat on the top and bottom lines for the first quarter but forecast weak quarterly guidance.  — The company's quarterly PC chip business came in light.
Wall Street Journal:
Netflix's quest to grow its Asian market faces formidable challenges, including competition from local services, viewers' preference for local content, and more  —  The competition is cutthroat across Asia, the world's key streaming battleground, with a crowded field of foreign and local services
Malique Morris / The Information:
Document: one-click checkout service Bolt's transaction revenue grew ~10% to $28M in 2021, and has had partner merchants numbering in the low 300s since 2020  —  Bolt, which develops software that online stores use to help shoppers pay with one click, started the year riding high …

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:
From MCP to billing: Updates that accelerate hiring  —  TL;DRConnect your favorite AI tools to Zoho Recruit with Zoho Recruit MCP.Catch up on conversations faster with Zia email summaries.Review candidate context instantly …
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

Training Data:
Inside Zipline's Autonomous System: 140M Miles, Zero Incidents
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:
Jeremy Giffon - The Billion Dollar PDF
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Big Technology Podcast:
Who Wins The AI Superapp Battle?, Apple's Consumer AI Victory, World Cup Automation Mistake
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.
Hard Fork:
Fable Ban Reversed + Dr. Dana Suskind on Parenting With A.I. + Prediction Market Drama
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
The Upstarts Podcast:
Blitzy's Brian Elliott: Cursor And Claude Code Are Looking At Your Enterprise Code 'Through A Straw'
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts 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 9:20 PM ET, April 28, 2022.

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

Todd Spangler / Variety:
Natasha Lomas / TechCrunch:
Abhijit Ahaskar / Livemint:

Earlier Picks

Javier Espinoza / Financial Times:
Jonathan Greig / The Record:
Kim Masters / The Hollywood Reporter: