February 2, 2018, 1:05 AM

Top News

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)—, 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 …
Abner Li / 9to5Google:
Google rolling out Chrome OS 64 with browser enhancements, a new screenshot shortcut, and ability to enable VPN for Play apps  —  Following updates to Android, Mac, Windows, and Linux last week, version 64 is now rolling out to Chrome OS.  In addition to several browser enhacements …
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.

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