Techmeme
July 31, 2020, 12:10 PM

Top News

Apple:
Apple reports Q3 revenue of $59.7B, up 11% YoY, of which $46.5B came from products, $13.1B from services, and net income of $11.2B; stock up 6%+  —  Revenue up 11 percent and EPS up 18 percent to new June quarter records  —  Apple today announced financial results for its fiscal 2020 third quarter ended June 27, 2020.
Stephen Nellis / Reuters:
Bloomberg:
Chance Miller / 9to5Mac:
Internal emails from 2010 show how an Amazon ad prompted Steve Jobs and Phil Schiller to block in-app purchases of Kindle books on iOS  —  As part of the House Judiciary Committee's antitrust probe into Apple, lawmakers have released a variety of internal emails from Apple.
Juli Clover / MacRumors:
Facebook:
Facebook Q2: $18.68B revenue, up 11% YoY, net income $5.18B, up 98% YoY, as DAUs rise 12% YoY to 1.79B, MAUs rise 12% YoY to 2.7B; stock up 7%+  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended June 30, 2020.  —  “We're glad to be able to provide small businesses …
Casey Newton / The Verge:
Jay Peters / The Verge:
In an update to the July 15 hack, Twitter says a few employees were targeted in a phone spear phishing attack, and it had since limited access to internal tools  —  ‘This attack relied on a significant and concerted attempt to mislead certain employees’  —  Twitter provided an update …
Kevin Roose / New York Times:
The hearing at times felt like gaslighting, with the CEOs trying to convince lawmakers that the evidence the House collected wasn't really evidence of anything  —  It is less clear that tech executives' strategy of evasive answers will continue to work now that lawmakers have begun doing their homework.
Alphabet:
Alphabet reports Q2 revenue of $38.3B, down 2% YoY, net income of $6.96B, down from $9.9B YoY, Other Bets operating loss grew to $1.1B  —  MOUNTAIN VIEW, Calif. - July 30, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2020.
Financial Times:
Sources: Nvidia in talks to buy Arm in a cash-and-stock deal that would value it at more than the $32B SoftBank paid to buy the UK chip designer in 2016  —  US chipmaker seeks cash-and-stock purchase of UK chip designer from its Japanese owner  —  US chip company Nvidia is in talks to buy …
Caitlin Dewey / OneZero :
A look at the “hustle economy”, where unemployed teachers, cooks, and dancers are turning to Patreon, Twitch, and OnlyFans to monetize their digital offerings  —  Unemployed teachers, cooks, dancers are turning to Patreon, Twitch, and OnlyFans  —  e have nothing to sell besides physical touch.
Ina Fried / Axios:
Apple confirms new iPhone models will arrive a few weeks later than they have in years past, confirming earlier news reports and supplier comments  —  Apple's financial chief said Thursday that this year's new iPhone models will arrive a few weeks later than they have in years past …
Amazon.com:
Amazon reports Q2 revenue of $88.91B, up 40% YoY, net income of $5.2B, up from $2.5B in Q1 2019, and AWS revenue of $10.81B, up 29%; stock up 4%+  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020.
Steven Musil / CNET:
Twitter permanently bans the account of white supremacist David Duke  —  Duke's Twitter account was “permanently suspended” for violating the company's policy against hateful conduct, a spokesperson for the social network says.  —  White supremacist David Duke has been permanently banned …
South China Morning Post:
Chinese importers are ramping up chip imports through Hong Kong before US sanctions shut the route; chip imports to China through HK in H1 2020 are up 11% YoY  —  Re-exports of semiconductors through Hong Kong to the mainland jumped by 11 per cent in the first half of the year from the same period …
Wall Street Journal:
Sources: Affirm, a point-of-sale lender for e-commerce, is in early stage preparations for an IPO that would value the company at as much as $10B  —  Point-of-sale lender is working with Goldman Sachs in early-stage discussions of a potential listing  —  Affirm Inc. is laying the groundwork …

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