October 21, 2016, 3:30 AM

Top News

Tom Warren / The Verge:
Microsoft reports Q1 2017 revenue of $20.5B, beating estimates, with Intelligent Cloud revenue up 8% to $6.4B, OEM revenue flat YoY as phone revenue drops 72%  —  Microsoft posted its first quarter of its 2017 fiscal earnings today, reporting revenue of $20.5 billion and net income of $4.7 billion.
Jordan Novet / VentureBeat:
Microsoft says Azure revenue increased by 116% YoY in the most recent quarter, as compute usage doubles  —  Microsoft today said that its Azure public cloud saw its revenue go up 116 percent year over year in the quarter that ended on September 30.  Compute usage also doubled year over year, Microsoft said.
Matt Burns / TechCrunch:
Microsoft's Surface business grew revenue 38% YoY, hitting $926M, in the most recent quarter  —  Microsoft saw revenue from its Surface line jump 38% over last year's total, according to its most recent financial report.  Released today, the report states that Surface revenue hit $926 million during …
T.C. Sottek / The Verge:
Nintendo's Switch console is powered by a custom Tegra processor from Nvidia  —  Who needs a shield when you can have a sword  —  Nintendo just unveiled a new console called Switch, and it's powered by a custom Tegra processor from Nvidia.  The chip has a checkered history of failure and success …
Kyle Orland / Ars Technica:
Nintendo unveils Switch, a game console/tablet hybrid with two detachable controllers and a dock for connecting to a TV; device launches in March  —  Tablet system docks to connect to HDTV, comes with detachable controllers.  —  In a three minute “Preview Trailer” released this morning …
Sources: senior executives at AT&T and Time Warner have discussed various business strategies in recent weeks, including a possible merger  —  Senior executives at AT&T Inc. and Time Warner Inc. have met in recent weeks to discuss various business strategies including a possible merger, according to people familiar with the matter.
Anton Shilov / AnandTech:
Kodak announces the Bullitt-designed Ektra Android smartphone with 5-inch FHD display, 21 MP camera, USB-C, priced at €499, available in Europe later this year  —  Eastman Kodak and the Bullitt Group on Thursday introduced the Ektra smartphone, which will be the first mainstream handset carrying the Kodak brand.
New York Times:
Data stolen by NSA contractor included NSA hacking tools later used by Shadow Brokers, and is largest leak of classified info, even more than Panama Papers  —  WASHINGTON — Investigators pursuing what they believe to be the largest case of mishandling classified documents in United States history …
Josh Constine / TechCrunch:
Slack's user growth slows slightly as it records 33% rise in DAUs in five months, down from 50% in the prior five; app now has 4M DAUs, of which 1.25M+ are paid  —  Slack is still growing fast, about 33% in daily users and paid seats in the last 5 months.  But not as fast as before …
Peter Kafka / Recode:
Sources: Comcast's NBCUniversal finalizing deal for a second $200M investment in BuzzFeed at a valuation of $1.7B  —  More money for Jonah Peretti and his video ambitions.  —  A year after making a major investment in BuzzFeed, NBCUniversal is doing it again.
Prashant Gopal / Bloomberg:
Apple teams up with a handful of homebuilders to push Homekit-enabled bundles of smart appliances in new homes  —  May we offer a $349 wireless shade or a $200 touchscreen lock?  —  ‘Give me a break,’ a tech analyst says of some home devices  —  In a darkened master bedroom …
Sources: Qualcomm nears a deal worth $34B to acquire NXP Semiconductors; purchase could be announced next week  —  Purchase now likely all cash in $110- to $120-per-share range  —  Announcement could come by Qualcomm's earnings on Nov. 2  —  Qualcomm Inc. is reaching the final stages …

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