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July 29, 2022, 9:05 AM
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WeSmirchTop News
| Apple: |
Apple reports record Q3 revenue of $83B, up 2% YoY vs. $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B — iPhone and Services drive June quarter record revenue — Active installed base of devices reaches all-time high for all major product categories
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Wall Street Journal, Macworld, CNBC, Moneycontrol, Apple Must, iPhone Hacks, Bloomberg, Apple, CNBC, The Economic Times, SiliconANGLE, and PYMNTS.com
| Kif Leswing / CNBC: |
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and 860M paying subscribers globally across all its services, up from 825M in Q2 2022 — KEY POINTS — Analysts are expecting the company to give fourth-quarter guidance of $1.31 in earnings per share and nearly $90 billion in sales.
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9to5Mac, AppleInsider, Silicon Republic, Philip Elmer‑DeWitt, Six Colors, Gizchina, Coinspeaker, TheStreet, Daring Fireball, BGR India, Neowin, Apple Must, MacRumors, WRAL TechWire, and Patently Apple
Tweets: @patrickmcgee_, @benbajarin, @joannastern, @jason_kint, @trengriffin, @divestech, @munster_gene, @neilcybart, @neilcybart, @ron_miller, @epro, @jimcramer, @neilcybart, @neilcybart, @trungtphan, @lapcatsoftware, @stroughtonsmith, @divestech, @divestech, @neilcybart, @neilcybart, @anthony, @mingchikuo, @neilcybart, @samifathi_, and @neilcybart
| Casey Newton / Platformer: |
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
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Silicon Republic, Mobile Dev Memo, Insider, Android Authority, BBC, Variety, Kulturpop, Fortune, The Guardian, Appuals.com, That Was The Week, Pocket-lint, SlashGear, BGR India, The i Paper, Livemint, The Overspill, Wccftech, Big Technology, Daring Fireball, New York Times, and XDA Developers
Tweets: @caseynewton, @pierce, @mosseri, @platformer, @mistydemeo, @urbanjodi, @studioanisa, @ellencscott, @chillmage, @caseynewton, @ericajoy, @illumitatiana, @pierce, @lordravenscraft, @caseynewton, @rob_sheridan, @steven_aquino, @brianoliu, @culturecrave, @tomwarren, @chillmage, @issielapowsky, @esaagar, @brianmanzullo, @pantibliss, @chillmage, @gutjahr, @tnwhiskeywoman, @caseynewton, @tiffanydesigned, @aria_gerson, @shitlicious, @hypervisible, @chaykak, @laurenjauregui, @mcely, @mrinaldesai, @caseynewton, @willoremus, @parismartineau, @lisatozzi, @kerrymflynn, @walldo, @lucas_shaw, @rebexxxxa, @chelseacirruzzo, @cebsilver, @nbashaw, @brianstelter, @oliverdarcy, @oduneweniyi, @stevekovach, and @patwhite70
| Amanda Silberling / TechCrunch: |
Instagram's Dual copies BeReal's front and back camera capture feature, but misses the point: people like BeReal because it's non-addictive by design — BeReal is all about friends and habits — not the algorithm — We know the drill: Snapchat adds the Stories feature, Instagram nabs it.
More:
In The Loop on Gen Z. Tweets: @parismartineau, @taylorlorenz, @parismartineau, @parismartineau, @davidmackau, @brookssolveig, @parismartineau, @gk3, @captain2phones, @snazzyq, @gk3, and @scottmonty
| Paul Alcorn / Tom's Hardware: |
Intel is winding down its Optane memory business, incurring a $559M inventory impairment; Optane is the sixth non-core business Intel CEO Pat Gelsinger has sold — 3D XPoint at the last crossroad. — Intel's Q2 2022 earnings report today was uncharacteristically disappointing …
More:
AnandTech, Appuals.com, The Register, Neowin, and ServeTheHome. Tweets: @cscotta. Thanks:@paulyalcorn
| Jordan Novet / CNBC: |
Intel reports Q2 revenue down 22% YoY to $15.32B, vs. $17.92B est., a $454M net loss, and Datacenter and AI revenue down 16% YoY to $4.6B; stock drops 10%+ — - Intel slashed its full-year guidance and turned in worse-than expected quarterly results. — The company launched new chips …
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Intel, Windows Central, Finbold, Reuters, SemiAnalysis, TechCircle, Tom's Hardware, Coinspeaker, Wall Street Journal, Fossbytes, and The Register
Tweets: @dylan522p, @patrickmoorhead, @dylan522p, @tculpan, @jonmasters, @dylan522p, @donal888, @stevesi, @niubi, and @jonmasters
| Amazon: |
Amazon reports Q2 revenue up 7% YoY to $121.2B, $2B net loss vs. $7.8B net income in Q2 2021, and AWS revenue up 33% YoY; stock jumps 12%+ — SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2022.| Richard Lawler / The Verge: |
In an email to Twitter Blue subscribers, Twitter says it is increasing the price of the service; in the US, the price will jump from $2.99 to $4.99 per month — Who would pay for Twitter? — People frequently express their amazement that Twitter is free, but for some people, it isn't …
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XDA Developers, PCMag, 9to5Mac, Engadget, BetaNews, Twitter Help Center, TechCrunch, Phandroid, Mashable, and Pocket-lint
Tweets: @mattnavarra, @hunterwalk, @markgurman, @jarango, @davepell, @keithedwards, @y_molodtsov, @davepell, @ow, @stuartbruce, @akindolu, @jangles, and @markgurman
| Makena Kelly / The Verge: |
The US House passes the Chips and Science Act, which includes $52B+ for US chipmakers and tax credits to encourage investment; Biden must now sign it into law — All that's left is Biden's signature — It might get cheaper and easier to buy popular tech products, like gaming consoles and graphics cards …
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New York Times, Club386, DCD, Silicon Republic, CoinDesk, Reuters, Wired, CNBC, PhoneArena, and Axios
Tweets: @pgelsinger, @repjudychu, @billevanina, @jakesherman, @jonmasters, @jonmasters, @sandralrivera, @whcos, @kellymakena, @stshank, and @jonmasters
| Cecilia Kang / New York Times: |
Lina Khan's attempt to block Meta's Within acquisition upends decades of antitrust standards and could shift how DC regulates competition in nascent industries — Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature.
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Dave Lee and Financial Times
Tweets: @chrisfralic, @liroyleshed, @glenweyl, @onekade, @enbrown, @enbrown, @johnnyryan, @enbrown, @anshelsag, @daveleeft, @karlbode, @karlbode, @kevinakwok, @enbrown, @ctbeiser, @benz145, @veenadubal, @adamkovac, @enbrown, @choo_hehimlvl3, @julieinannap, @enbrown, and @enbrown
| Todd Spangler / Variety: |
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap has announced the Snapchat Sounds Creator Fund: Its first fund designed to support emerging and independent artists … | Pete Schroeder / Reuters: |
US banking regulators order Voyager Digital to cease and desist from making “false and misleading” claims that its customers' funds were insured by the FDIC — U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” …
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Blockworks, FDIC, Crypto Briefing, Cryptonews, CoinDesk, Web3 is going just great, Cointelegraph, and Decrypt. Tweets: @claritytoast
| @chrislyons: |
VeeFriends, Gary Vaynerchuk's NFT project that has amassed ~200K ETH in sales to provide online and in-person community events, raised a $50M seed led by a16z — gm! I'm very excited to announce that @a16z crypto is leading a $50M round in @veefriends. We look forward to helping the team fuel expansion plans for its creative, technical and experiential operations that support the growing Web3 community! https://a16zcrypto.com/...
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Waivly and Start With NFTs
Tweets: @mdudas, @kevinrose, @jeremyknowsvf, @jackmascone, @mikebutcher, @iamtexture, @seldo, @veefriends, @howardlindzon, and @tomgara
| Manish Singh / TechCrunch: |
Battle-royale game BGMI, with 16.5M MAUs in India, delisted from iOS and Android app stores after Indian government ban, two years after a ban of Krafton's PUBG — Google has pulled the popular battle royale game Battlegrounds Mobile India, more popularly known as BGMI …
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GamesIndustry.biz, Reuters, The Indian Express, The Economic Times, BBC, BGR India, Trak.in, MediaNama, Firstpost Tech, and Livemint
Tweets: @refsrc, @adityakalra, @gagan_arora1, and @adityakalra
| Bloomberg: |
Sony beats estimates with Q1 operating profit of $2.3B, PS5 sales of 2.4M, up from 2.3M YoY, cuts profit outlook from $8.7B to $8.3B for FY ending March 2023 — Sony Group Corp. cut its profit outlook as its PlayStation division faltered and game sales slumped.
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The Verge, GamesIndustry.biz, Engadget, Reuters, Sony Group Corporation, and Nikkei Asia
| Foo Yun Chee / Reuters: |
Sources: EU is considering creating a new directorate headed by two top antitrust officials, amid concerns EU competition watchdog may struggle to enforce DMA — The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough …
More:
PYMNTS.com
| Olivia Solon / Bloomberg: |
Sources: a Chinese government PR division asked to open a stealth account on TikTok, targeting Western audiences; TikTok declined the “sensitive” request — A Chinese government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences … | Bloomberg: |
By stepping away from Ant Group, Jack Ma escapes Beijing's scrutiny; Ma has been seen traveling Europe after disappearing from public view for almost two years — Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years …
More:
Benzinga and Financial Times
| Sarah Perez / TechCrunch: |
YouTube rolls out a new tool that lets creators select up to 60 seconds of any video they posted and turn it into Shorts content, available on Android and iOS — YouTube wants to quickly ramp up the number of short-form “Shorts” videos available on its platform in order to better compete with TikTok.Sponsor Posts
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Cape:
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