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May 5, 2023, 1:05 PM
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memeorandum
WeSmirchTop News
| Apple: |
Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B — Services revenue reaches new all-time high iPhone revenue sets March quarter record — CUPERTINO, CALIFORNIA Apple today …
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| Kif Leswing / CNBC: |
Apple Q2 revenue: iPhone up 2% YoY to $51.33B, Mac down 31% YoY to $7.17B, iPad down 13% YoY to $6.67B, and Wearables, Home, and Accessories down 1% to $8.76B — - Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street's soft expectations for sales and revenue …
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| Yifan Yu / Nikkei Asia: |
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| Todd Spangler / Variety: |
| Joseph Menn / Washington Post: |
A judge sentences ex-Uber CSO Joe Sullivan to three years of probation; he was convicted in October 2022 for not disclosing a 2016 data breach to regulators — The first corporate executive convicted of a crime related to a data breach by outsiders is sentenced to probation and fined| Harmeet Singh Walia / Counterpoint Research: |
Smartphone shipments declined by 14% YoY and 7% QoQ globally to reach 280.2M units in Q1 2023; Apple's YoY decline was the smallest of the top five brands — - The global smartphone market declined by 14% YoY and 7% QoQ to record 280.2 million unit shipments in Q1 2023.
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| Wall Street Journal: |
Sources: Ant Group's transformation into a fully regulated company has been on hold for over a year as China reshuffles its regulatory system — Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company| Bloomberg: |
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open source AI will outcompete Google and OpenAI — A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge …
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SemiAnalysis. More:
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| Eric Berger / Ars Technica: |
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, hoping to rival SpaceX's Starlink — The bid includes large players such as Airbus Defence and Space, Eutelsat, and SES. — A consortium of nearly every major …
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| Catherine Shu / TechCrunch: |
Jakarta-based Praktis, which provides end-to-end supply chain software for D2C brands, raised a $20M Series A led by East Ventures — Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
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| Brian Fung / CNN: |
New York's MTA resumes posting automated transit alerts to Twitter after Twitter backtracked on a plan to charge public service accounts for API access — New York's Metropolitan Transportation Authority said it would resume posting automated transit alerts to Twitter on Thursday …
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Gizmodo, Engadget, apps.cio.ny.gov, New York Post, Associated Press, and Bloomberg
| Alex Konrad / Forbes: |
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake — The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
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Pandaily. Tweets:
@jacobhelberg, @chrisfralic, @pstasiatech, @alexrkonrad, @alexrkonrad, @alexrkonrad, and @alexrkonrad. Thanks:@alexrkonrad
| Chris Welch / The Verge: |
Review of $250 JBL Tour Pro 2 wireless earbuds with a touchscreen on the case, offering access to earbud settings along with extras like timers and a flashlight — The touchscreen offers quick access to earbud settings along with extras like timers and even a flashlight.| Adam Morgan McCarthy / The Block: |
Dune: Ethereum's median average transaction fee jumped to ~87 gwei on May 2, the highest level since May 2022, mostly due to memecoin trading exploding again — - Average transaction fees on the Ethereum network reached highs last seen in May 2022 this week.Sponsor Posts
Google:
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Shopify:
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Zoho:
Connecting, collaborating, and growing: Zoho Mail 2025 wrap-up — Your inbox has been home to a lot this year—quick updates, long threads, approvals, reminders, and the occasional late-night draft you weren't sure about.
Connecting, collaborating, and growing: Zoho Mail 2025 wrap-up — Your inbox has been home to a lot this year—quick updates, long threads, approvals, reminders, and the occasional late-night draft you weren't sure about.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
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BG2 Pod:
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A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Grit:
How Brands Stay Visible When AI Decides | Profound CEO James Cadwallader
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