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August 4, 2023, 5:35 AM
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Top News

Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row but largely in line with estimates, and net income up 2.3% to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
Aaron Tilley / Wall Street Journal:
Apple Q3 revenue: iPhone down 2.4% YoY to $39.7B, Mac down 7.3% YoY to $6.8B, iPad down 19.8% to $5.8B, and Wearables, Home, and Accessories up 2.5% to $8.3B  —  Sales of iPhones missed analyst estimates, although executives pointed to continued strength in emerging markets
Stephen Nellis / Reuters:
Apple Q3: revenue grew 7.9% YoY to $15.8B in China, with iPhone up “double digits” and a quarterly Services record, but fell 5.6% YoY to $35.4B in the Americas  —  Apple (AAPL.O) on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales …
Todd Spangler / Variety:
Apple reports Q3 revenue for its Services segment, which includes Apple TV+ and Apple Music, grew 8.2% YoY to a record $21.2B, driven by 1B+ paid subscriptions
Amazon:
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
Kris Holt / Engadget:
Google expands its privacy tools, including to alert users when their personal info appears in Search and to remove consensual explicit images from Search  —  The company will soon blur explicit imagery in results by default too.  —  Google has announced several updates to Search aimed …
Bloomberg:
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M  —  - Trading revenue was less than that from other sources  — Interest income down after USDC stablecoin circulation fell
Jess Weatherbed / The Verge:
Brave Search updates its image and video search to use Brave's own index rather than Bing's or Google's; some advanced search capabilities are still absent  —  Brave, best known for its privacy-focused web browser, is adding image and video search to Brave Search that now relies …
Brian Fung / CNN:
Sensor Tower: Threads' DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1  —  Threads, Meta's Twitter rival, is struggling to retain users roughly a month after its highly publicized launch …
Nupur Anand / Reuters:
Block reports Q2 revenue up 26% YoY to $5.53B, Square gross profit up 18% YoY to $888M, Cash App gross profit up 37% YoY to $968M; SQ drops 5%+  —  Block Inc (SQ.N) reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop.
Bloomberg:
How Vietnam became a gaming powerhouse a decade after Flappy Bird; data.ai: Vietnam was in the global top five in mobile game production by downloads in H1 2023  —  - Flappy Bird inspired generation of hit game developers  — Privacy regulations pose risk for ad-dependent casual games

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This is a Techmeme archive page. It shows how the site appeared at 5:35 AM ET, August 4, 2023.

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.

From Mediagazer

CNN:
Alice Stewart, a CNN political commentator and veteran political adviser who worked on several GOP presidential campaigns, dies at 58

Rodney Tiffen / Inside Story:
Court discovery docs from the UK's News Group phone hacking cases give more detail about evidence destruction and indicate the company gathered political intel

Alex Sherman / CNBC:
Sources: WBD continues to hold talks with the NBA about keeping the rights, but it's more likely the league signs papers with NBCUniversal, forcing WBD to match

More News

Krystal Hu / Reuters:
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023

Earlier Picks

Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent
Andrew Tarantola / Engadget:
IBM, HuggingFace, and NASA release an open-source geospatial foundation model to support new climate and Earth science AIs that can track deforestation and more
Ryan Smith / AnandTech:
AMD announces the Radeon Pro W7600 for $599, $50 cheaper than its predecessor, and the W7500 for $429, both based on its new Navi 33 GPU, available later in Q3
GPU Utils:
An in-depth look at GPU supply and demand, particularly Nvidia H100s, how relying on TSMC can cause bottlenecks, H100 clients, Nvidia's allocations, and more
Haleluya Hadero / Associated Press:
Amazon expands Twitch's ban on livestreams of gambling content to include online casinos Blaze and Gamdom; gambling viewership fell ~75% after its ban in 2022
Arjun Kharpal / CNBC:
Nintendo Q1: revenue up 50% YoY to ~$3.2B and net profit up 52% YoY to ~$1.3B, driven by The Super Mario Bros. Movie, the new Zelda, and Switch sales up 13.9%
Kyle Wiggers / TechCrunch:
Kickstarter plans to require that creators disclose if their projects use AI tools or any training data if they intend to develop AI tech, starting on August 29
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