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February 2, 2018, 1:05 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  —  Revenue and EPS Hit New All-Time Records  —  Active Installed Base of Devices Reaches 1.3 Billion in January  —  Apple today announced financial results …
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
Juli Clover / MacRumors:
Apple Q1 wearables revenue up ~70% YoY; Watch sales grew 50% in units, revenue for fourth consecutive quarter; Series 3 selling 2x units over Series 2 last year
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
Steve Costello / Mobile World Live:
Sony CEO Kazuo Hirai to be succeeded by current CFO in April; Sony reports record Q3 profits of $3.2B boosted by games division; smartphone shipments down to 4M  —  Sony trimmed the sales forecast for its mobile business following a weak fiscal Q3, as it also announced changes in its top management.
Jack Nicas / Wall Street Journal:
YouTube says it will start labeling videos from state-funded broadcasters like PBS and RT, considers surfacing videos from credible sources alongside hoaxes  —  Google unit to provide more context around some videos  —  YouTube said it is planning changes to give users more context …
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 …
Eric Lam / Bloomberg:
Bitcoin briefly dropped below $8K, for the first time since November, amid the broad cryptocurrency market sell-off  —  Biggest digital token takes losses since peak to about 60%  —  Rival coins including Ripple, Ether and Litecoin tumble  —  Bitcoin fell below $8,000 as a miserable 2018 continued …
Kurt Wagner / Recode:
Sources: HQ Trivia is raising a $15M round led by Peter Thiel's Founders Fund at a $100M+ valuation  —  Founders Fund partner Cyan Banister is leading the round.  —  HQ Trivia, the popular trivia gameshow app, plans to raise money in a new round of financing that values the company north of $100 million …
Andrew J. Hawkins / The Verge:
California DMV self-driving report: Waymo and GM lead with 63 disengagements over 352K+ miles and 105 disengagements over 131K+ miles, respectively  —  So how'd everyone do?  —  California's Department of Motor Vehicles released its annual autonomous vehicle disengagement report today.
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.
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 …
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.
Lizette Chapman / Bloomberg:
Figma raises $25M Series B from KPCB for its browser based collaborative interface design tool that competes with Adobe  —  Kleiner Perkins and other venture capitalists are betting that the Photoshop maker's chokehold over the design market could someday come to an end.

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From Mediagazer

Benjamin Mullin / New York Times:
The NYT added 210,000 digital subscribers in Q1, for 10.5M subscribers in total, up 8% YoY, and ad revenue fell 2.4% YoY to $103.7M; the OpenAI lawsuit cost $1M

Austin Fuller / Current:
NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later

Joshua Benton / Nieman Lab:
A historical look at Pulitzer winners shows the decline of local and regional newspapers and the growth in online news outlets, especially at the local level

More News

Earlier Picks

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
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