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January 3, 2019, 8:25 PM
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M.G. Siegler / 500ish Words:
As the law of large numbers catches up with Apple, it faces a rocky but pivotal year where it needs to transition into a services company earlier than planned  —  Yesterday's updated guidance wasn't just about China...  The results are in.  Actually, they're not in.  And that was a major problem yesterday for Apple.
Shira Ovide / Bloomberg:
Apple failed to warn about China and market saturation, the underlying conditions for its guidance downgrade, which were obvious to those paying attention  —  The company has reached the end of its denial phase.  —  The optimistic narrative about Apple Inc.'s iPhone business is falling apart in front of our eyes.
Tim Cook / Apple:
Apple revises guidance for its fiscal 2019 Q1 downwards due to weakness in some markets, particularly China; stock closes down 9%+
More: Bloomberg, Daring Fireball, Wired, The Atlantic, Bloomberg, 9to5Mac, Digital Trends, The Verge, Stratechery, Daring Fireball, CNBC, Business Insider, Bloomberg, Tom's Guide, Wall Street Journal, Macworld, VentureBeat, Business Insider, New York Times, Forbes, CNN, Philip Elmer-DeWitt, Tech.pinions, Fortune, TechCrunch, On my Om, Wall Street Journal, Motherboard, Ethereum World News, New York Times, PYMNTS.com, Bloomberg, TidBITS, The Hill, The Verge, Vox, Telegraph, Light Reading, Investor's Business Daily, Fox News, FutureSin, iDownloadBlog.com, iClarified, Thurrott, The Mac Observer, FierceWireless, Droid Life, MacRumors, BGR, ZDNet, KnowTechie, Gizmodo, Engadget, Trustnodes, Quartz, Crunchbase News, BetaNews, Recode, ExtremeTech, Mashable, Cult of Mac, AppleInsider, Computerworld, CCN, Ars Technica, Telegraph, iPhone in Canada Blog, MacRumors, IT PRO, Cult of Mac, Reuters, Silicon Republic, Inquirer, MacDailyNews, Financial Times, BBC, The Loop, Daring Fireball, EE Times, Axios, Yahoo Finance, Newser, The Next Web, Notes from Silicon Valley, TechCrunch, The Register, TechSpot, USA Today, Insanely Great Mac, and Pocket-lint
Tweets: @stevesi, @cnbcnow, @tomwarren, @markgurman, @gruber, @reckless, @alexstamos, @stevesi, @stevesi, @stevesi, @stevesi, @stevesi, @stevesi, @stevesi, @tomwarren, @saschasegan, @caseynewton, @llsethj, @vikramchandra, @reckless, @vladsavov, @jsnell, @markgurman, @markgurman, @ashleyrcarman, @mgsiegler, @film_girl, @film_girl, @film_girl, @film_girl, @benthompson, @kifleswing, @techledes, @benbajarin, @panzer, @thekenyeung, @thestalwart, @thurrott, @howardlindzon, @jank0, @thurrott, @lexnfx, @i__fakhr, @jyarow, @benbajarin, @benbajarin, @llsethj, @saschasegan, @mgsiegler, @mgsiegler, @mgsiegler, @mgsiegler, @mgsiegler, @selina_y_wang, @hshaban, @cnbcnow, @felixsalmon, @jyarow, @mattyglesias, @tomwarren, @alex, @panzer, @mikeisaac, @ow, @benbajarin, and @sarahfrier
Steve Kovach / CNBC:
Apple lowers revenue guidance to $84B after previously projecting $89B-$93B, because of fewer iPhone upgrades than expected
Makena Kelly / The Verge:
Report: for the second year in a row, FCC's Ajit Pai has canceled his CES trip, as the US government shutdown forces furloughs for non-essential FCC employees  —  It will be the second year in a row that he hasn't attended the conference  —  Federal Communications Commission Chairman Ajit Pai …
Jesse Damiani / The Verge:
Netflix's interactive format for films like Bandersnatch makes content harder to pirate, increases viewer engagement, and generates insightful data about users  —  Light spoilers for Black Mirror's interactive episode Bandersnatch ahead.  —  On Friday, December 28th, after months of speculation …
Andrew J. Hawkins / The Verge:
GM's self-driving unit Cruise partners with DoorDash to test a food delivery service in San Francisco starting in early 2019  —  The pilot will commence in early 2019 in San Francisco  —  Cruise Automation, the self-driving unit of General Motors, is teaming up with DoorDash to test …
Brady Dale / CoinDesk:
BitTorrent announces its own crypto tokens that users trade to other users for faster downloads  —  BitTorrent, which pioneered peer-to-peer technology for sharing files on the internet, is creating its own cryptocurrency.  —  Issued by the Singapore-based BitTorrent Foundation …
Mary Jo Foley / ZDNet:
Microsoft adds two new Microsoft 365 bundles focused on security and compliance, expands availability of its MyAnalytics “fitness tracker for work” service  —  Microsoft is adding new Microsoft 365 packages to its subscription-service roster, as well as expanding availability …
Will Sommer / The Daily Beast:
YouTubers popular with kids are promoting a shady gambling site selling “mystery boxes” filled with supposed prizes  —  Paul and Bryan “Ricegum” Le are among the popular children's entertainers promoting “mystery boxes” filled with supposed prizes the site says underage users are ineligible to win.
Lucas Matney / TechCrunch:
Niantic has closed a $190M funding round, according to an SEC filing, bringing total raised to more than $415M  —  Mobile AR gaming startup Niantic has closed a $190 million round of funding according to newly-filed SEC docs.  —  The filing comes after a WSJ report last month suggested …
More: Variety and SEC.  Tweets: @daveleebbc

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From Mediagazer

Perry Stein / Washington Post:
Source: the US DOJ sought to force WaPo and WSJ reporters to testify before a grand jury but withdrew the subpoenas this month after the outlets challenged them

Max Tani / Semafor:
Documents: The Daily Wire, founded by conservative podcaster Ben Shapiro in 2015, seeks to raise at least $100M in a round that would value the company at $750M

Jake Kanter / Deadline:
UK ministers are advancing a bill requiring YouTube and TikTok to promote BBC and ITV content, as well as forcing streamers to show big sports events for free

More News

Earlier Picks

Nellie Bowles / New York Times:
Obituary of Karen Sparck Jones, a self-taught programmer whose 1972 research paper on natural language processing laid the groundwork for modern search engines
Campbell Kwan / ZDNet:
USB Implementers Forum announces USB Type-C authentication program to protect against non-compliant USB chargers and USB malware risks
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