Techmeme
July 27, 2016, 1:40 AM

Top News

Apple:
Apple Reports Third Quarter Results  —  Services Revenue Grows 19% as App Store Hits All-Time Record  —  Apple® today announced financial results for its fiscal 2016 third quarter ended June 25, 2016.  The Company posted quarterly revenue of $42.4 billion and quarterly net income of $7.8 billion, or $1.42 per diluted share.
Leena Rao / Fortune:
Tim Cook says Apple Pay now accounts for 75% of all contactless payments made in the US  —  Apple reported better than expected earnings this afternoon, and one nugget shared on the call by CEO Tim Cook could be a good sign for the company's mobile payments service.
Daisuke Wakabayashi / Wall Street Journal:
Apple beats expectations with quarterly net income of $7.8B, down from $10.68B last year; iPad revenue grows for first time in 10 quarters, to $4.9B  —  Revenue drops for second straight quarter, but shares rise as results still top views  —  Apple Inc. said its quarterly profit fell 27% …
Alex Webb / Bloomberg:
Apple Q3 revenue down 15% YoY to $42.4B, forecasts Q4 revenue of $45.5B-47.5B; iPhone unit sales for the quarter fell 15% YoY to 40.4M; stock up 6%+  —  Apple Inc. reported lower sales and forecast a third straight quarterly revenue drop, dragged down by slowing demand for iPhones amid …
Ryan Mac / Forbes:
The genesis story of Niantic, a gaming skunkworks overlooked at Google, and Pokémon Go, which began as an April Fool's Google Maps prank  —  It's not hard to spot players of the most popular smartphone game of all time.  They have a peculiar way of carrying their devices in front …
Sensor Tower App Marketing Blog:
Alex Wagner / TmoNews:
T-Mobile Binge On gets 16 new video services, including video content from Apple Music  —  Binge On is growing once again.  —  T-Mobile today added 16 more video providers to Binge On that customers with a 3GB or higher data plan can stream without touching their high-speed data allotment.
Andy Greenberg / Wired:
Popular wireless keyboards from HP, Toshiba, GE, others don't use encryption, can easily be snooped on and exploited to send malicious text to linked device  —  You should be able to trust your wireless keyboard.  And yet security researchers have been warning people to be suspicious …
Jason Koebler / Motherboard:
President Obama announces the Cyber Incident Severity Schema, a new way the feds will codify the threat level of hacking attacks, but it lacks specifics  —  George W. Bush's Homeland Security Advisory System—the color-coded terrorism “threat level” indicator that became a symbol of post-9/11 fear mongering …
Darrell Etherington / TechCrunch:
Mobileye won't supply Tesla self-driving tech beyond current EyeQ3 processor  —  On their quarterly earnings call this morning, self-driving automotive technology company MobileEye announced that Mobileye's work with Tesla will not extend beyond EyeQ3, the processor currently used in Tesla vehicles …
Dan Seifert / The Verge:
BlackBerry announces $300 DTEK50 all-touchscreen Android smartphone with the hardware specifications and design of the Alcatel Idol 4  —  BlackBerry has announced its second Android smartphone today, the DTEK50.  The device, which shares hardware specifications and design with the Alcatel Idol 4 …
Jordan Novet / VentureBeat:
Microsoft launches Zoom in PowerPoint and two features in Word: Editor, which offers writing suggestions, and Researcher, which makes adding citations easier  —  Microsoft today is announcing new features that are coming to its Word, PowerPoint, and Outlook applications.
Twitter:
Twitter reports Q2 revenue of $602M, an increase of 20% YoY, 313M MAUs, up from 310M last quarter; stock drops 10%+ on low Q3 guidance of $590M-610M in revenue  —  Dear Shareholders, We look forward to discussing our second quarter 2016 financial results with you at 2:00 p.m. PT today.
 

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