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Techmeme
February 3, 2023, 9:00 AM
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Top News

Apple:
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B  —  Installed base crosses 2 billion active devices and hits all-time high for all major product categories  —  Services set new all-time revenue record
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone down 8% YoY to $65.8B, Mac down 29% YoY to $7.7B, iPad up 30% YoY to $9.4B, and Wearables, Home, and Accessories down 8% YoY to $13.5B  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Apple missed expectations for revenue, profit, and sales for many of its lines …
Aaron Tilley / Wall Street Journal:
Tim Cook says iPhone revenue would have grown without supply constraints, currency fluctuations were a challenge, and layoffs are a “last resort kind of thing”  —  Revenue in holiday quarter fell for the iPhone maker for the first time in nearly four years
Michael Potuck / 9to5Mac:
Apple reports Q1 Services revenue up 6% YoY to $20.8B and says its install base crossed 2B active devices, up from 1.8B devices the company reported in Q1 2022
Davey Alba / Bloomberg:
Sundar Pichai says Google will make LLMs like LaMDA available “in the coming weeks and months”, and users will be able to use them “as a companion to search”  —  Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts' expectations …
Alphabet:
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234
Wall Street Journal:
Documents offer a look at the four men, including a former child actor, who control ~86% of Tether Holdings, incorporated in 2014, and their ties to Bitfinex  —  The stablecoin has become a lucrative business at center of crypto economy  —  Tether Holdings Ltd. operates a $68 billion stablecoin …
Tom Schoenberg / Bloomberg:
Sources: US prosecutors in the DOJ's fraud unit are investigating California-based bank Silvergate over hosting accounts tied to FTX and Alameda Research  —  US prosecutors in the Justice Department's fraud unit are looking into Silvergate Capital Corp.'s dealings with fallen crypto giants FTX …
BuzzFeed News:
Twitter ending free API access could have the unfortunate side effect of effectively killing off many useful bots like @MakeItAQuote, @BigTechAlert, and more  —  “I'm not paying a dime to Elon lol.”  —  Pranav Dixit  —  One of the most popular bots on Twitter is @MakeItAQuote, which has more than 565,000 followers.
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead
More: Insider, The Verge, VICE, Techdirt, Horrific/Terrific, No Gloss, No Veneer …, gHacks Technology News, Mashable, CNBC, PhoneArena, and Daring Fireball
Mastodon: @katestarbird@mstdn.social, @molly0xfff@hachyderm.io, @Green_Footballs …, @davidstalane@mastodon.social, @GossiTheDog@cyberplace.social, @mmasnick@mastodon.social, @jeremyburge@mastodon.world, @blaine@mastodon.social, @lauren@mastodon …, @ben@mastodon.adida.net, and @brentsimmons@indieweb.social
Tweets: @twitterdev, @elonmusk, @luca, @twitterdev, @get_alttext, @molly0xfff, @good_faces_bot, @agoldmund, @orchestrative, @redman, @chipfoxx, @maxkennerly, @mulligan, @mattbinder, @film_girl, @wongmjane, @wongmjane, @mikeisaac, @thepacketrat, @alex_kirshner, @ninstatusbot, @josephpolitano, @josephpolitano, @carnage4life, @twitterdev, @functi0nzer0, @kingkool68, @supersparkplugs, @mjg59, @anythingbott, @mjg59, @oalexanderdk, @0xabad1dea, @anythingbott, @halomancer1, @pookleblinky, @heyjenbartel, @webster, @shitpostbotmin, @mylesborins, @pkmnframes, @caseyjohnston, @rabbit_ebooks, @markpopham, @win98tech, @kottke, @sweetpavement, @steveluvender, @jgee, @mattsheffield, @keithkurson, @madokaframes, @atomicthumbs, @thdxr, @molly0xfff, @liora_, @zsk, @tomcoates, @penamerica, @jangles, @rsarver, @dancow, @ashevat, @digiphile, @acaguy, @tiffanyleigh, @mgsiegler, @frogandtoadbot, @pkmnframes, @sbframesinorder, @russellbrandom, @esqueer_, @flynnjamm, @emojimashupbot, @frosunliberal, @mubashariqbal, @nickcicero, @connollyebooks, @renfamous, @godlessbot, @aliceavizandum, @migueldeicaza, @helenkennedy, @_restaurant_bot, @solomonmg, @kimzetter, @craigsilverman, and @enichan
See also Mediagazer
Amazon:
Amazon reports Q4 revenue up 9% YoY to $149.2B, net income down 98% YoY to $278M, AWS revenue up 20% YoY to $21.4B, and number of employees down 4% YoY to 1.54M  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022.  Fourth Quarter 2022
Sergiu Gatlan / BleepingComputer:
A former employee of IoT manufacturer Ubiquiti pleaded guilty to stealing gigabytes of confidential data in December 2020 and extorting the company for ransom  —  Nickolas Sharp, a former Ubiquiti employee who managed the networking device maker's cloud team, pled guilty today …
Amitoj Singh / CoinDesk:
As the spat between Binance and WazirX escalates, Binance invites the Indian exchange to withdraw its assets held in Binance wallets after February 3  —  The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.

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This is a Techmeme archive page. It shows how the site appeared at 9:00 AM ET, February 3, 2023.

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From Mediagazer

Dan Shanoff / The Athletic:
Nielsen: the 2026 World Cup final drew 38.9M viewers on Fox and 22M+ on Telemundo; taken together, the US audience size rivaled that of NFL playoff games

Josh Gerstein / Politico:
A US judge rules that Trump must turn over detailed financial information of 400+ companies owned by a family trust in his defamation suit against the BBC

Variety:
WGA seeks an injunction to bar Paramount and WBD from “closing or consummating” their merger or “taking any steps to integrate or consolidate their operations”

More News

Earlier Picks

Mark Gurman / Bloomberg:
Sources: Apple decided not to replace departing VP of Industrial Design Evans Hankey; its group of ~20 industrial designers will report to COO Jeff Williams
Wall Street Journal:
TikTok's playbook to win DC's trust, like touring its Transparency and Accountability Center in California, echoes Huawei's unsuccessful US and Europe strategy
Tom Warren / The Verge:
Sony introduces Discord voice calls in beta for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more
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