April 27, 2016, 9:25 AM

Top News

Alex Webb / Bloomberg:
Apple misses with Q2 revenue of $50.6B, down from $58B last year; net income down to $10.5B; 51.2M iPhones sold; sees Q3 sales drop to $41B-$43B  —  Apple Forecasts Another Sales Decline as iPhone Demand Cools  —  Apple Inc. posted its first quarterly revenue drop in more than a decade …
Joseph Menn / Reuters:
Apple says it received its first FBI tip via Vulnerability Equities Process on April 14; vulnerability already fixed on iOS9 and El Capitan  —  Apple says FBI gave it first vulnerability tip on April 14  —  The FBI informed Apple Inc of a vulnerability in its iPhone and Mac software on April 14 …
Devlin Barrett / Wall Street Journal:
Sources: FBI plans to keep iPhone-hacking method secret, will discourage White House from beginning internal review of whether it should be disclosed to Apple  —  FBI Plans to Keep Apple iPhone-Hacking Method Secret  —  Move would likely keep Apple in the dark about security weakness
Casey Newton / The Verge:
None of the changes Twitter made over the past year have broadened the appeal of the core service  —  Nothing Twitter is doing is working  —  Twitter reported its first-quarter earnings today, and they came in under expectations: the company's haul of $595 million was less than the $607.8 million …
Ingrid Lunden / TechCrunch:
Jordan Novet / VentureBeat:
Dropbox previews Project Infinite, which will show files locally but store them remotely; no launch timeline or pricing set  —  Dropbox's Project Infinite shows all company files locally but stores them remotely  —  Cloud file syncing and sharing software company Dropbox today is announcing …
Wall Street Journal:
Sources: Comcast in talks to buy DreamWorks Animation for $3B+, would likely merge DreamWorks with Universal Pictures  —  Comcast in Talks to Buy DreamWorks Animation for More Than $3 Billion  —  Deal would join DreamWorks with Comcast's Universal Pictures
Mark Hachman / PCWorld:
Intel CEO outlines new strategy: focus on connected things like PC and IoT, cloud, new memory business like 3D XPoint, 5G, manufacturing and fab innovation  —  Intel declares independence from the PC as it lays out a broader 5-point strategy  —  The PC's just another ‘connected thing’ in this new world order.
Olivier Laurent / TIME:
Getty Images files EU antitrust complaint against Google for scraping pics from websites, displaying and allowing downloads of hi-res images  —  Google Accused of Enabling Photography Piracy  —  Photography company Getty Images is accusing Google of scraping images from third party websites …
Ingrid Lunden / TechCrunch:
Yahoo reaches deal with activist Starboard adding 4 people to board, including Starboard CEO  —  As Yahoo continues to weigh up acquisition offers, the company has announced that it's reached a deal with activist investor Starboard, which had written one of its famous letters …

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Emma Brown / Washington Post:

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