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May 3, 2024, 10:25 AM
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Top News

Kif Leswing / CNBC:
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B  —  Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Apple:
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet; AAPL jumps 5% after hours  —  Services revenue reaches new all-time record  —  EPS sets March quarter record  —  Apple® today announced financial results …
Wesley Hilliard / AppleInsider:
Tim Cook says half of the Fortune 100 companies have purchased Apple Vision Pro units
Nikkei Asia:
Apple reports Q2 revenue down 8.1% YoY to $16.4B in Greater China, down 12.7% YoY to $6.3B in Japan, and down 17.2% YoY to $6.7B in the rest of Asia-Pacific
Todd Spangler / Variety:
Apple Q2: revenue from Services, which includes Apple TV+ and Apple Music, rose 14% YoY to $23.9B, vs. $23.27B estimated, an all-time record
Sudz Niel Kar / MyHealthyApple:
Apple Watch's AFib history feature gets FDA approval for use in clinical studies, the first digital health tech qualified under FDA's MDDT program  —  The FDA today announced that it has qualified the Apple Watch AFib ( Atrial Fibrillation) history feature as an MDDT (Medical Device Development Tools).
Ashley Stewart / Business Insider:
Sources: Bill Gates remains intimately involved in Microsoft's operations, advising on strategy, nurturing Microsoft's relationship with Sam Altman, and more  —  Insiders say he's still pulling the strings at Microsoft  —  In 2017, just before Microsoft forged a partnership …
Lindsay Clark / The Register:
A committee of UK legislators says the government's reticence to address alleged copyright theft is a “de facto endorsement” of the way tech firms build LLMs  —  A committee of UK legislators has slammed the government for its response to alleged copyright theft as a …
Aria Alamalhodaei / TechCrunch:
Hubble Network, which is building a satellite network for Bluetooth devices, says it has made a Bluetooth connection directly to a satellite for the first time  —  Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite …
Paige Smith / Bloomberg:
Block plans to invest 10% of its gross profit from bitcoin products each month into bitcoin purchases; its $220M BTC investment grew by ~160% to $573M as of Q1
Mark Gurman / Bloomberg:
What to expect from Apple's May 7 event: OLED iPad Pros, possibly with M4 chips, a 10.9" and 12.9" iPad Air, updates to Pencil and Magic Keyboard  —  Company gears up to update its tablets for the first time since 2022  —  It's been more than 18 months since Apple Inc. last updated its iPad line …
Karissa Bell / Engadget:
X tweaks its block feature to let users see replies to their posts even by users who have blocked them, with the aim of identifying and reporting “bad content”  —  Blocking will no longer hide your catty replies.  —  Elon Musk has made no secret that he's not a fan of the block button.
Jess Weatherbed / The Verge:
Google says 400M+ Google Accounts have used passkeys since the rollout, logging 1B+ authentications, and expands passkeys to its Advanced Protection Program  —  Google is kicking off World Password Day by updating us on its efforts toward replacing the often hacked, guessed, and stolen form of authentication with passkeys.
Tom Warren / The Verge:
Microsoft rolls out passkey support for all consumer accounts; Microsoft account owners can generate passkeys across Windows, Android, and iOS

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From Mediagazer

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Philip Oltermann / The Guardian:
Penguin Random House sues OpenAI for copyright infringement, alleging its LLM “memorized” a popular German children's book series and can reproduce the content

More News

Katie Deighton / Wall Street Journal:
Stock photographers prepare for AI disruption, as stock photo companies say traditional photography still has a market but work on building their own AI tools

Earlier Picks

Olga Kharif / Bloomberg:
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ
Russell Brandom / Rest of World:
WhatsApp told Delhi High Court last week that it will be forced to leave India if required to maintain “traceability” for messages as part of 2021's IT rules
Krisztian Sandor / CoinDesk:
Tether partners with Chainalysis to identify risky crypto addresses that could be used for bypassing sanctions or illicit activities, like terrorist financing
New York Times:
A US federal judge grills the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes
Senator Scott Wiener / @scott_wiener:
[Thread] California State Senator Scott Wiener defends his AI safety bill, SB 1047, after criticism that it will “crush OpenAI's competitors” and open-source AI
David Pierce / The Verge:
Rabbit R1 review: $199 is the right price, fun design, and a good mic, but the best features are all MIA, finicky and slow, and using a phone is better
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