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February 3, 2023, 12:30 AM
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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  —  MOUNTAIN VIEW, Calif. - February 2, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2022.
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  —  Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version …
More: The Verge, VICE, Techdirt, Gizmodo, CNBC, Social Media Today, Quartz, Tubefilter, Mashable, Fast Company, PhoneArena, Daring Fireball, and Cryptopolitan
Mastodon: @katestarbird@mstdn.social, @andybaio@xoxo.zone, @molly0xfff@hachyderm.io, @ben@mastodon.adida.net, @mmasnick@mastodon.social, @Green_Footballs …, @bxroberts@journa.host, @brentsimmons@indieweb.social, @jeremyburge@mastodon.world, @davidstalane@mastodon.social, @blaine@mastodon.social, and @lauren@mastodon …
Tweets: @twitterdev, @elonmusk, @luca, @twitterdev, @molly0xfff, @good_faces_bot, @agoldmund, @get_alttext, @ninstatusbot, @twitterdev, @orchestrative, @redman, @ow, @oalexanderdk, @supersparkplugs, @dancow, @digiphile, @jgee, @penamerica, @frogandtoadbot, @rabbit_ebooks, @mgsiegler, @atomicthumbs, @enichan, @kottke, @mjg59, @sweetpavement, @0xabad1dea, @russellbrandom, @esqueer_, @mubashariqbal, @mylesborins, @liora_, @josephpolitano, @_restaurant_bot, @anythingbott, @maxkennerly, @thdxr, @aliceavizandum, @madokaframes, @webster, @alex_kirshner, @pkmnframes, @markpopham, @mulligan, @mattbinder, @shitpostbotmin, @craigsilverman, @tomcoates, @zsk, @halomancer1, @heyjenbartel, @acaguy, @tiffanyleigh, @mikeisaac, @migueldeicaza, @mattsheffield, @rsarver, @anythingbott, @thepacketrat, @connollyebooks, @emojimashupbot, @jangles, @steveluvender, @kingkool68, @pookleblinky, @frosunliberal, @wongmjane, @functi0nzer0, @carnage4life, @pkmnframes, @josephpolitano, @flynnjamm, @sbframesinorder, @caseyjohnston, @kimzetter, @keithkurson, @helenkennedy, @ashevat, @win98tech, @renfamous, @mjg59, @molly0xfff, and @godlessbot
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
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 …
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  —  Apple Inc. has decided against naming a new executive to replace its departing top product designer, marking a stark shift …
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 …
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  —  Chinese-owned app is taking steps that are similar to largely unsuccessful tactics used by the telecom giant  —  How TikTok Could Become a U.S. Company
Subrat Patnaik / Bloomberg:
After a 64% decline in 2022, Meta's stock is up 110%+ since its November low, one of the S&P 500 Index's best-performing stocks, adding $250B+ to its market cap  —  A spectacular turnaround in Meta Platforms Inc.'s stock is bringing back flashes of Big Tech heydays.
Ben Thompson / Stratechery:
Q&A with ad expert Eric Seufert on Meta's Q4 earnings, rising ad load, ATT, Reels, the Google-Meta duopoly, Amazon, EU regulations, Google's DOJ case, and more
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  —  Beta testers will be able to join Discord voice calls on a PS5 console in the US, Canada, Japan, and UK starting today.

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This is a Techmeme archive page. It shows how the site appeared at 12:30 AM ET, February 3, 2023.

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From Mediagazer

Bloomberg:
Sources: Disney CEO Josh D'Amaro is exploring a “super app” that integrates Disney+ with parks passes, games, merchandise, and cruise and resort apps

David Bauder / Associated Press:
A look at the work of photographer Ann Hermes, who has documented 50 newsrooms across the US, many in smaller towns and cities, and hopes to photograph 100

Scott Feinberg / The Hollywood Reporter:
The Academy tightens rules about AI use for Oscar competitors in 2027, says only human-authored screenplays are eligible, and revises international Oscars rules

More News

Earlier Picks

Marissa Newman / Bloomberg:
Legal docs: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies for scraping its sites
Bloomberg:
Sony reports Q3 sales rose 13% YoY to ~$26.4B and operating income dropped 8% YoY to ~$3.3B, beating analyst estimates; PS5 sales hit 7.1M, up from 3.9M YoY
Krystal Hu / Reuters:
Similarweb: ChatGPT reached 100M MAUs and ~13M daily unique visitors in January 2023, two months after launch, becoming the fastest-growing consumer app yet
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