Techmeme
April 26, 2016, 5:35 PM

Top News

Apple:
Apple Reports Second Quarter Results  —  Capital Return Program Expanding to $250 Billion  —  Apple® today announced financial results for its fiscal 2016 second quarter ended March 26, 2016.  The Company posted quarterly revenue of $50.6 billion and quarterly net income of $10.5 billion, or $1.90 per diluted share.
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; stock down 7%+  —  Apple Forecasts Another Sales Decline as iPhone Demand Cools  —  Apple Inc. posted its first quarterly revenue drop …
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 …
Twitter:
Twitter Q1 2016 Shareholder Letter  —  Total revenue in the first quarter reached $595 million, up 36% year-over-year, with 30% adjusted EBITDA margin.  We saw a return to sequential growth in monthly active usage, driven by seasonality and marketing initiatives.
Ingrid Lunden / TechCrunch:
Twitter reports mixed Q1 on sales of $595M revenue, up 36% YoY but less than $608M expected, 310 MAUs, up 3% YoY; stock down over 9% after hours  —  Twitter's woes continue on Q1 sales of $595M, a sluggish 310M MAUs and weak guidance  —  Twitter reported its Q1 earnings today, and they're not great.
Paul Sawers / VentureBeat:
Nokia enters the digital health realm with $192 million acquisition of France's Withings  —  Nokia has today announced that it is acquiring Withings, the company behind a range of connected health products, including watches, fitness bands, sleep-trackers, thermometers, and scales.
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
Zac Hall / 9to5Mac:
Microsoft releases Skype for Business Mac Preview with Outlook calendar integration today, plans to add instant messaging, telephony, and more this summer  —  Microsoft introducing Skype for Business Mac Preview w/ Outlook calendar integration  —  Microsoft is getting serious with the Mac today …
David Shepardson / Reuters:
Google, Ford, Volvo, Uber, and Lyft join coalition to push federal action to help speed self-driving cars to market  —  Google, Ford, Uber launch coalition to further self-driving cars  —  Alphabet Inc's Google unit (GOOGL.O), Ford Motor Co (F.N), the ride-sharing service Uber [UBER.UL] …
Gerry Smith / Bloomberg:
Turner to launch ad-free subscription streaming video service, FilmStruck, this fall, to be managed by TCM and the Criterion Collection; price not yet finalized  —  Time Warner's Turner Appeals to Film Nerds With Web-Only Service  —  Ad-free FilmStruck will be managed by Turner Classic Movies
Aaron Tilley / Forbes:
Hover Camera, a foldable drone, follows you automatically, with 13MP camera for 4K video, ships in summer for less than $600  —  Hover Camera Is A Self-Flying Drone That Doesn't Look Like Anything You've Seen Before  —  Hover Camera's creator, Meng Qiu “MQ” Wang, pulls out a small …

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