Techmeme
May 2, 2025, 9:50 AM

Top News

Apple Inc.:
Apple reports Q2 revenue up 5% YoY to $95.4B, vs. $94.6B est., China sales down 2% YoY to $16B, vs. $16.83B est., and authorizes a $100B share buyback program  —  Services revenue reaches new all-time high  —  EPS sets March quarter record … The Company posted quarterly revenue of $95.4 billion …
Kif Leswing / CNBC:
Apple Q2: iPhone up 2% YoY to $46.84B, vs. $45.84B est., Mac up 7% to $7.95B, iPad up 15% to $6.4B, and Wearables, Home, and Accessories down 5% to $7.52B  —  Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company's closely-watched Services division came up light versus estimates.
Rolfe Winkler / Wall Street Journal:
Benjamin Mayo / 9to5Mac:
Amazon.com, Inc.:
Amazon reports Q1 revenue up 9% YoY to $155.67B, vs. $155.04B est., operating income up 20% YoY to $18.4B, and forecasts Q2 operating income below estimates  —  - Net sales increased 9% to $155.7 billion in the first quarter, compared with $143.3 billion in first quarter 2024.
Tom Warren / The Verge:
Rockstar Games delays the release of Grand Theft Auto VI from fall 2025 to May 26, 2026, saying it needs extra time to deliver the expected and deserved quality  —  Rockstar Games says it needs more time to deliver the ‘quality you expect and deserve.’  —  Rockstar Games is delaying …
Chance Miller / 9to5Mac:
Apple updates its App Store Guidelines to comply with a US judge's April 30 Epic injunction, letting app developers link to external payment methods in the US  —  Apple has officially updated the App Store Guidelines to comply with yesterday's injunction handed down in its legal case with Epic Games.
Jay Peters / The Verge:
Zac Hall / 9to5Mac:
Umar Shakir / The Verge:
David Yaffe-Bellany / New York Times:
President Trump's World Liberty Financial says Abu Dhabi's MGX fund is investing $2B in Binance using World Liberty's USD1 stablecoin, raising ethical concerns  —  A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president's son …
Sam Schechner / Wall Street Journal:
Ireland's DPC fines TikTok €530M for illegally sending user data to China, ordering a halt to EU data transfers in six months if protections aren't guaranteed  —  Irish privacy watchdog says app failed to protect user data sent to China  —  Ireland's data-privacy watchdog fined TikTok …
Lawrence Abrams / BleepingComputer:
A California man pleads guilty to illegally accessing Disney's Slack channels and stealing 1.1TB+ of data in 2024; he later posed as hacktivist group NullBulge  —  A California man who used the alias “NullBulge” has pleaded guilty to illegally accessing Disney's internal Slack channels …
Samantha Subin / CNBC:
Airbnb reports Q1 revenue up 6% YoY to $2.27B, vs. $2.26B est., Gross Booking Value up 7% YoY to $24.5B, and forecasts Q2 revenue below est.; ABNB drops 5%+  —  Airbnb reported results for the first quarter that were mostly in line with estimates, but the company issued a disappointing revenue forecast for the current period.
Zeyi Yang / Wired:
Temu appears to have removed all products in the US version of its online store that ship directly from China to US consumers, confusing suppliers and customers  —  The American version of Temu abruptly began to show only “Local” products days before the Trump administration was set to end …
Martin Arnold / Financial Times:
The UK FCA plans to ban retail investors from borrowing money to buy cryptocurrencies, as it aims to bring much of the crypto market under its regulatory remit  —  UK financial regulator sets out proposals to regulate much of the digital asset market  —  The UK financial watchdog plans …

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More News

Reuters:
Lauren Forristal / TechCrunch:
Andrew J. Hawkins / The Verge:

Earlier Picks

Noam Scheiber / New York Times:
Lindsay Clark / The Register:
Kyle Wiggers / TechCrunch:
Aisha Counts / Bloomberg:
Jess Weatherbed / The Verge:
Kristina Partsinevelos / CNBC: