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Techmeme
February 1, 2018, 11:00 PM
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Top News

Apple:
Apple Q1: 77.3M iPhones, down 1% YoY, with $796 ASP; 13.2M iPads, up 1% YoY; 5.1M Macs, down 5% YoY; $8.5B services revenue, up 18% YoY; stock up 2%+  —  Revenue and EPS Hit New All-Time Records  —  Active Installed Base of Devices Reaches 1.3 Billion in January
Zac Hall / 9to5Mac:
Apple reports Q1 revenue of $88.3B, up 13% YoY; $20.1B net income, up from $17.89B YoY; China revenue of $17.96B, up 11% YoY; Q2 revenue guidance of $60B-$62B  —  After forecasting a record quarter with revenue between $84 billion and $87 billion, Apple has just reported its quarterly results for the last three months of 2017.
Tim Bradshaw / Financial Times:
CFO Luca Maestri says Apple plans to reduce its net cash balance to “approximately zero” following the new US tax law, possibly via M&A, dividends, and buybacks  —  Apple plans to reduce its net cash balance to “approximately zero” following a new US law that will allow …
Alphabet Investor Relations:
Alphabet Q4 revenue $32.3B, up 24% YoY, net loss of $3B due to $9.9B tax charge; Google ad revenue $27.2B; Other Bets revenue $409M, operating loss $916M  —  MOUNTAIN VIEW, Calif. - February 1, 2018 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2017.
Business Wire:
Amazon beats with Q4 revenue of $60.5B, up 38% YoY; $1.9B net income, up from $749M YoY; ~$789M benefit from new tax law  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2017.
Jeremy Horwitz / VentureBeat:
Google releases YouTube TV app for Apple TV and select Roku devices for $35/month, bundling over 50 channels with option to separately purchase more  —  As announced with a tease on Twitter, Google has just released an Apple TV client for YouTube TV, providing owners of the fourth-generation Apple TV …
Deirdre Bosa / CNBC:
CEO Brian Chesky says Airbnb will not go public in 2018; CFO Laurence Tosi is stepping down to focus on his investment fund; Belinda Johnson becomes first COO  —  Airbnb is losing its Wall Street-savvy CFO, getting its first COO and ruling out going public in 2018, delaying any payout …
Sarah Perez / TechCrunch:
YouTube expands YouTube Go, a lightweight version of its service for emerging markets, to 130+ countries  —  YouTube Go, a mobile version of YouTube built for emerging markets with features like offline viewing and nearby sharing, is today expanding to over 130 countries worldwide.
Miranda Katz / Wired:
Podcasters first look at Apple's Podcast Analytics data shows listeners are highly engaged, with many listening to 80-90% of shows, and prefer longer formats  —  The public radio producer had started a podcast as a side project in early 2017, and the exploration of her experience …
Wall Street Journal:
Sources: Alphabet and state-owned oil giant Aramco are in talks to jointly build data centers and a large tech hub in Saudi Arabia  —  Saudi Arabia's state-owned oil giant and Google parent Alphabet Inc., two of the world's biggest companies, are in talks about jointly building …

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From Mediagazer

Bloomberg:
Sources: bankers approached potential buyers about acquiring WBD's New Line Cinema, and its cable networks draw interest, as Paramount's legal fight drags on

Jennifer Maas / Variety:
Memo: Disney offers longtime US-based executives across Disney Entertainment, ESPN, and corporate divisions early retirement packages amid cost-cutting efforts

Benjamin Mullin / New York Times:
An arbitrator orders the Washington Post to reinstate Karen Attiah, who was fired for “gross misconduct” last year over posts made after Charlie Kirk's shooting

More News

Abner Li / 9to5Google:
Google rolling out Chrome OS 64 with browser enhancements, a new screenshot shortcut, and ability to enable VPN for Play apps
Ashley Carman / The Verge:
Instagram Stories begins rolling out its “type mode” feature to users, letting them post text-based pages

Earlier Picks

Reuters:
India says it does not consider cryptocurrencies legal tender and will eliminate their use for payments, but would explore use of blockchain technology
Nathaniel Popper / New York Times:
Concerns grow that Bitcoin's price is being propped up by Bitfinex, the widely-used and shadowy exchange subpoenaed in December by the US CFTC
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