Techmeme
July 30, 2019, 7:10 PM

Top News

Apple:
Apple reports Q3 revenue of $53.8B, up 1% YoY, record Services revenue of $11.5B, up from $10.2B YoY, iPhone revenue of $26B, down from $29.5B YoY; stock up 4%+  —  Company Revenue Sets June Quarter Record Services Revenue Reaches New All-Time High  —  Apple today announced financial results …
Chris Welch / The Verge:
iPhone is less than half of Apple's revenue for the first time since 2012; Mac had Q3 revenue of $5.8B, up from $5.3B YoY, iPad's rose to $5B, up from $4.6B  —  Apple is diversifying ahead of major services coming this fall  —  Apple today reported its fiscal third quarter 2019 earnings …
Todd Haselton / CNBC:
Tim Cook says the Apple Card will launch in August  —  KEY POINTS  — The Apple Card is launching in partnership with Goldman Sachs and will provide detailed information on purchases in the iPhone's Wallet app.  — Apple may use the credit card to build more financial services into the Wallet app in the future.
Megan Scudellari / IEEE Spectrum:
Bloomberg:
A researcher's tip to Capital One about leaked data led to the arrest of ex-Amazon employee Paige Thompson, who prosecutors say boasted online of her exploits  —  - Former Amazon employee stole data, boasted online, U.S. says  — ‘I gotta find somewhere to store it,’ hacker allegedly wrote
Devlin Barrett / Washington Post:
Larry Dignan / ZDNet:
AMD reports Q2 revenue of $1.53B, down 13% YoY, net income of $35M, and third-quarter guidance below Wall Street expectations; stock down 6%+ after hours  —  AMD projected third quarter revenue of about $1.8 billion, give or take $50 million.  Wall Street expected AMD to report revenue of $1.95 billion.
Catalin Cimpanu / ZDNet:
Steve Dent / Engadget:
Sony Q1: 3.2M PS4s sold, 100M sold since launch in 2014, while smartphone revenue dropped 15% QoQ, with 900K units shipped, less than half of Q1 2018  —  Despite flagging sales of late, Sony's PlayStation 4 has sold 100 million units, making it the fastest-selling console to hit that number.
Saheli Roy Choudhury / CNBC:
Huawei H1 2019: revenue of $58.26B, up 23.2% YoY; smartphone shipments of 118M, up 24% YoY; Canalys report says Huawei leads in China with 38.2% market share  —  KEY POINTS  — China's Huawei reported a 23.2% year-over-year increase in revenue for the first six months of 2019 despite facing political headwinds.
Kyle Wiggers / VentureBeat:
Identity verification startup Truework raises $12M Series A round led by Sequoia Capital  —  Truework, a San Francisco-based developer of cloud-hosted identity verification solutions, today announced that it has secured $12 million in a series A round led by Sequoia Capital, bringing its total raised to $15 million.
CoinDesk:
Coinbase's VP of Engineering Tim Wagner is leaving the exchange after just over a year at the company; two other senior engineering employees are also leaving  —  Coinbase executive Tim Wagner is leaving the crypto exchange after slightly over a year on the job.
Ingrid Lunden / TechCrunch:
Workplace collaboration platform Monday.com raises $150M Series D led by Sapphire Ventures, sources say at a $1.9B valuation  —  Workplace collaboration platforms have become a crucial cornerstone of the modern office: workers' lives are guided by software and what we do on our computers …
Saritha Rai / Bloomberg:
Pocket Aces, an India-based studio that uses AI to test show ideas before developing them, strikes a deal with Netflix, raises $14.7M from Sequoia, and others  —  - Digital studio Pocket Aces' Little Things now streams globally  — The Mumbai-based content creator snagged $15 million funding
Mary Jo Foley / ZDNet:
Microsoft says Skype for Business Online will be “retired” on July 31, 2021; Skype consumer users will be able to communicate with Teams users starting Q1 2020  —  As part of its Skype for Business Online to Teams transition, Microsoft will enable Skype consumer users to communicate …
Frederic Lardinois / TechCrunch:
DigitalOcean appoints former SendGrid COO and CFO Yancey Spruill as its new CEO, replacing Mark Templeton, who announced his decision to step down in May  —  DigitalOcean, the cloud infrastructure service that made a name for itself by focusing on low-cost hosting options in its early days …

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Earlier Picks

Louise Matsakis / Wired: