| 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| 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 … | Aaron Tilley / Wall Street Journal: |
| Todd Spangler / Variety: |
| Sankalp Phartiyal / Bloomberg: |
Apple, Samsung, and others freeze imports of laptops and tablets to India; sources say India's sudden import license rules caught the industry by surprise — - India surprised industry with new import license requirement — Modi government seeks to promote domestic manufacturing| Manish Singh / TechCrunch: |
India delays import limitations on laptops, tablets, and servers, giving companies a “transition period” of at least one month to obtain licenses — India is delaying the implementation of its import limitations on laptops, tablets, and servers, a day after the unexpected … | Emma Roth / The Verge: |
Coinbase asks a judge to dismiss the SEC's lawsuit against it, arguing that the case falls outside the agency's authority as Coinbase doesn't trade securities — Coinbase is asking a judge to dismiss the Securities and Exchange Commission's lawsuit against it.| Martin Coulter / Reuters: |
To comply with EU DSA, TikTok will let users turn off personalized recommendations in the For You feed, remove targeted ads for those aged 13 to 17, and more — Chinese-owned social media platform TikTok has announced a raft of new features for European users aimed at improving compliance with incoming European Union regulations.| 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.| Annie Palmer / CNBC: |
| Yogita Khatri / The Block: |
Revolut plans to start shutting down its US cryptocurrency service from September 2, citing regulatory uncertainty, impacting <1% of its crypto users globally — - Revolut is closing its cryptocurrency platform in the U.S., citing regulatory uncertainty.| New York Times: |
A profile of TSMC founder Morris Chang, who moved from the US to Taiwan in 1985 to build a chip industry behemoth that now sits at the center of a tech Cold War — At 92, Morris Chang, the founder of Taiwan Semiconductor Manufacturing Company, can no longer stay in the shadows. — Reporting from Taipei, Taiwan| Bobby Allyn / NPR: |
Background actors describe their worries over lack of control of their digital likenesses, which is one key issue in the SAG-AFTRA strike — After four weeks of working as a background actor on the Disney+ series WandaVision during the pandemic, Alexandria Rubalcaba was told by the production crew to report to a tractor trailer.| 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| CNBC: |
Ilya Lichtenstein, who earlier pleaded guilty to laundering billions in cryptocurrency from the 2016 Bitfinex hack, admits to being the original Bitfinex hacker — - A New York man admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court … | 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 … | Vlad Savov / Bloomberg: |
Qualcomm, NXP, Bosch, and Infineon form a new company in Germany to promote the open-source RISC-V chip architecture, initially targeting the auto industry — - Venture will be focused on developing RISC-V technology — Unnamed business will initially focus on applications for cars
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| Nupur Anand / Reuters: |
| Jess Weatherbed / The Verge: |
| Devin Coldewey / TechCrunch: |
| Kris Holt / Engadget: |
| Arjun Kharpal / CNBC: |