Techmeme
October 27, 2022, 8:15 PM

Top News

Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4 revenue: iPhone up 9.67% YoY to $42.63B, iPad down 13.06% YoY to $7.17B, Other Products up 9.85% YoY to $9.65B, and Services up 4.98% YoY to $19.19B  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Annie Palmer / CNBC:
Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B, vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B  —  - Amazon reported third-quarter results on Thursday that missed analysts' estimates.  — It also gave a disappointing sales forecast for the fourth quarter.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Sofia Pitt / CNBC:
Meta's stock closes down 24.56% at $97.94, its lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse  —  - The parent company of Facebook reported its second straight quarterly decline.  — Meta's Reality Labs division …
Ari Levy / CNBC:
Todd Spangler / Variety:
Wall Street Journal:
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads  —  Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
Edward Ludlow / Bloomberg:
Mia Sato / The Verge:
Harmeet Singh Walia / Counterpoint Research:
Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2%  —  - The global smartphone market declined by 12% YoY even as it grew by 2% QoQ to reach 301 million units in Q3 2022.
The Verge:
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules  —  An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.
David Gutman / The Seattle Times:
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times  —  Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.

Sponsor Posts

Niantic Spatial:
World models need real-world data  —  Scaniverse is the gateway to spatial services — self-serve and built for AI and robotics.  Large-area 3D reconstruction from 360° cameras and precise localization, anywhere machines operate.
Zoho:
Meet Zoho Books MCP: Bring AI-powered accounting to your business  —  Isn't change the only constant?  And that holds true for accounting too.  For years, accounting software has helped businesses manage their finances …
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.
Anuma:
The Private AI That Remembers  —  Anuma is the all-in-one AI platform with private, portable memory.  Chat, text, create, build, and solve across every model.

Featured Podcasts

Access:
What happens when AI runs a store
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
The Nick, Dick and Paul Show:
Why Blockbuster Failed
Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
Subscribe to The Nick, Dick and Paul Show.
Big Technology Podcast:
Mark Cuban: AI Hype vs. Reality, OpenAI's Wasting $1 Trillion, Lebron vs. Jordan
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.
Uncapped with Jack Altman:
Tarek Mansour from Kalshi
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Channels with Peter Kafka:
AI Can Make Software Now. That Changes Everything, with Paul Ford
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
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 8:15 PM ET, October 27, 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

Earlier Picks