April 26, 2016, 11:40 PM

Top News

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 …
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
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 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:
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
Jim Finkle / Reuters:
Interbank messaging platform SWIFT warns customers of multiple cyber fraud cases, saying the Bangladesh Bank hack was not an isolated incident  —  Exclusive: SWIFT warns customers of multiple cyber fraud cases  —  SWIFT, the global financial network that banks use to transfer billions of dollars every day …
Adi Robertson / The Verge:
HTC launches Vive X, a $100M VR startup accelerator, in Beijing, Taipei, and San Francisco  —  HTC launches $100 million VR startup accelerator  —  HTC is launching a $100 million accelerator program for startups that want to use its VR technology.  The program, called Vive X …
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 …
Emma Brown / Washington Post:
Top tech leaders, with 27 governors, urge Congress to boost computer science education, announce private donations of $48M, of which $23M will go to  —  Top business leaders, 27 governors, urge Congress to boost computer science education  —  Leaders of dozens of the nation's top businesses …
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 …
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

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Paul Sawers / VentureBeat: