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February 2, 2024, 11:25 AM
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Apple:
Apple reports Q1 revenue up 2% YoY to $119.6B, net income up 13% to $33.9B, Americas net sales up 2% to $50.4B, and Europe net sales up 10% to $30.4B  —  Services revenue reaches new all-time record EPS up 16 percent to new all-time high  —  Apple® today announced financial results …
William Gallagher / AppleInsider:
Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features and the company plans to detail its ongoing work “later this year”  —  Tim Cook says that Apple is spending “a tremendous amount of time and effort” on AI features that will be announced in the coming months.
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone up 6% YoY to $69.7B, Mac up 1% YoY to $7.78B, iPad down 25% YoY to $7.02B, and Wearables, Home, and Accessories down 11% YoY to $11.95B
Todd Spangler / Variety:
Apple Q1: revenue from Services, which includes Apple TV+ and Apple Music, rose 11% YoY to a record $23.1B, and the installed base passed 2.2B active devices
Meta:
Meta reports Q4 revenue up 25% YoY to $40.1B, net income up 201% YoY to $14B, and family daily active people up 8% YoY to 3.19B for December 2023  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2023.
Sarah Perez / TechCrunch:
On Meta's earnings call, Zuckerberg says Apple's changes to comply with the EU's DMA are “so onerous” he doubts any developer, including Meta, would adopt them  —  Meta CEO Mark Zuckerberg has added his voice to those criticizing Apple's compliance with the EU's new Digital Markets Act …
Subrat Patnaik / Bloomberg:
Meta's stock rises 20%+, adding ~$200B to its market cap, the biggest single-session market value addition, eclipsing Apple's and Amazon's $190B gains in 2022
Sarah Perez / TechCrunch:
Mark Zuckerberg says that Threads now has more than 130M MAUs, more than “during its initial launch peak”, and is “growing steadily”
Jonathan Vanian / CNBC:
Meta's Reality Labs unit had revenue of $1B in Q4 but had a record operating loss of $4.65B; the metaverse division has now lost over $42B since the end of 2020
Rohan Goswami / CNBC:
Meta says it will pay a 50 cent dividend for the first time, and has authorized a $50B share buyback
James Fanelli / Wall Street Journal:
Sources: in January, the US DOJ charged three people with a phone-hacking scheme that included the hack of FTX to steal $400M+ at the time of its 2022 collapse  —  The hack coincided with the crypto exchange's meltdown more than a year ago  —  Federal investigators appear to have cracked …
Barry Schwartz / Search Engine Land:
Google dropped the cache link from Search results snippets last week and plans to remove the cache functionality entirely “in the near future”  —  Google officially removed the cache link from the Google Search results snippets last week and Google confirmed that it will remove …
Sergiu Gatlan / BleepingComputer:
Cloudflare says it was hacked in November 2023 by a suspected “nation state attacker” who used auth tokens stolen in Okta's breach from October 2023  —  Cloudflare disclosed today that its internal Atlassian server was breached by a suspected ‘nation state attacker’ who accessed …
Todd Spangler / Variety:
Filing: Amazon spending on content rose 14% YoY to $18.9B in 2023 despite Hollywood strikes  —  While other media companies have been paring back content spending, Amazon shelled out more than $2 billion more in 2023 for TV shows, movies and music than it did a year earlier.
Amazon:
Amazon Q4: revenue up 14% YoY to $170B, net income of $10.6B vs. $0.3B YoY, operating income of $13.2B, and subscription revenue up 14% to $10.5B; AMZN up 5%+
Akash Sriram / Reuters:
Amazon reports Q4 AWS revenue up 13% YoY to $24.2B, vs. $24.26B est., and operating income of $7.2B, up from $5.2B YoY
Rebecca Falconer / Axios:
Former CIA employee Joshua Schulte, who was convicted for leaking secrets to WikiLeaks, was sentenced to 40 years in prison on February 1 for espionage and more  —  A former CIA software engineer who was convicted of carrying out the largest data breach in the agency's history was sentenced …
Andy Greenberg / Wired:
How the EFF, Techdirt, MuckRock, and DDoSecrets are pushing back against legal threats aiming to censor reports on Appin's alleged hacker-for-hire past  —  A loose coalition of anti-censorship voices is working to highlight the legal threats aimed at making reports of one Indian company's hacker-for-hire past disappear.
Asa Fitch / Wall Street Journal:
Intel delays the construction of its $20B Ohio chip fabs amid a slow rollout of US government grant money; sources: the fabs are now set to finish in late 2026  —  Construction on two factories now slated to be finished in late 2026 as company also waits for government incentives
Sergiu Gatlan / BleepingComputer:
The FTC settles with Blackbaud, ordering the cloud software company to delete consumers' data and boost security after a May 2020 data breach affected millions  —  Blackbaud has settled with the Federal Trade Commission after being charged with poor security and reckless data retention practices …
Gian Volpicelli / Politico:
EU countries strike a deal on the AI Act, after announcing pro-innovation measures and an AI Office; the bill awaits formal approval of EU Parliament  —  The bloc's law to regulate AI overcomes threats of late opposition.  —  Free article usually reserved for subscribers

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This is a Techmeme archive page. It shows how the site appeared at 11:25 AM ET, February 2, 2024.

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

BBC:
Tony O'Reilly, one of Ireland's leading businessmen, who had owned the Independent, Belfast Telegraph, and over 100 newspapers, dies at 88 after a short illness

More News

Earlier Picks

Sarah Perez / TechCrunch:
Amazon launches Rufus, an AI-powered shopping assistant trained on its product catalog and information from around the web, in beta for some US customers
David Pierce / The Verge:
The Browser Company unveils new features for its Arc desktop browser, including Arc Explore, a desktop version of Arc Search's “browse for me”, and Live Folders
Andrew J. Hawkins / The Verge:
Google plans to roll out a Google Maps feature that uses LLMs to analyze its data on 250M+ places and community insights to recommend places, starting in the US
Kyle Wiggers / TechCrunch:
Google debuts ImageFX, an AI image generator underpinned by Imagen 2, with “expressive chips”, or keyword suggestions, and brings Imagen 2 to Vertex AI and Bard
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