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May 3, 2024, 1:15 PM
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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%
Wesley Hilliard / AppleInsider:
Tim Cook says half of Fortune 100 companies have purchased Apple Vision Pro units and that Apple's focus is on getting more apps and more enterprises engaged
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 reports Q2 revenue from Services, which includes Apple TV+ and Apple Music, up 14% YoY to $23.9B, vs. $23.12B estimated, an all-time record
Tom Warren / The Verge:
Microsoft outlines security principles and goals tied to executive compensation packages, following a scathing US Cyber Safety Review Board report in April 2024  —  - Protect identities and secrets. … - Protect tenants and isolate production systems. … - Protect networks.
Lisa O'Carroll / The Guardian:
Germany “unambiguously” finds that Russian state-backed hacker Fancy Bear was behind cyberattacks in 2023 that took down several German government websites  —  Investigation finds hacker group linked to Russian intelligence responsible for attacks targeting politicians and defence sector
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 …
Sudz Niel Kar / MyHealthyApple:
The US FDA approves Apple Watch's AFib history feature for clinical studies, the first digital health tech qualified under the 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).
Mark Gurman / Bloomberg:
What to expect from Apple's May 7 event: OLED iPad Pros possibly with M4 chips, 10.9" and 12.9" iPad Airs, and updates to the Apple 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 …
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 how tech companies build LLMs  —  A committee of UK legislators has slammed the government for its response to alleged copyright theft as a …
Sarah Perez / TechCrunch:
Filing: Google pushes back on Epic's demands after its antitrust win, saying the proposed remedies are “unnecessary” and “far beyond the scope” of the verdict  —  In a new filing, Google is pushing back against Fortnite maker Epic Games' numerous proposed remedies …
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 buying bitcoin; Block's $220M BTC investment grew by ~160% to $573M as of Q1
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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This is a Techmeme archive page. It shows how the site appeared at 1:15 PM ET, May 3, 2024.

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From Mediagazer

New York Times:
Sources: WBD staff are bracing for widespread layoffs as David Ellison wants $6B in “synergies”; the internal mood is grim as staff preferred Netflix's proposal

CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure

Henry Dyer / The Guardian:
UK minister Josh Simons resigns over allegations that a think tank he led has probed some journalists and falsely linked them to a “pro-Kremlin” network

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

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”
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
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
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