Techmeme
October 30, 2020, 11:35 AM

Top News

Apple:
Apple reports Q4 revenue of $64.7B, up from $64.0B YoY, of which $50.1B came from products, $14.5B from services, and net income of $12.7B; stock down 3%+  —  Company revenue sets September quarter record Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Jeremy Horwitz / VentureBeat:
Apple's international sales were 59% of Q4 revenue but were down 28.6% YoY in China to $7.95B, likely due to the delayed arrival of new iPhones  —  While 2020 won't be remembered fondly in history books, it has been quite good for Apple, which is ending its fiscal 2020 with record revenues for three of its four quarters.
Wesley Hilliard / AppleInsider:
Facebook:
Facebook Q3: $21.47B revenue, up 22% YoY, net income $7.85B, up 29% YoY, as DAUs rise 12% YoY to 1.82B, MAUs rise 12% YoY to 2.74B  —  Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter ended September 30, 2020.  —  “We had a strong quarter as people and businesses continue …
Alphabet:
Alphabet reports Q3 revenue of $46.17B, up 14% YoY, net income of $11.25B, from $7.07B YoY, Other Bets operating loss grew to $1.1B; stock up 7%+  —  MOUNTAIN VIEW, Calif. - October 29, 2020 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended September 30, 2020.
Ted Johnson / Deadline:
Elena Schneider / Politico:
Biden campaign says Facebook blocked thousands of its ads approved prior to Facebook's ban; Facebook blames advertisers' misunderstanding and a technical glitch  —  Biden's campaign said ads that had previously been approved by the tech giant have been erroneously removed.
IDC:
353.6M smartphones shipped in Q3 2020, with Samsung shipping 80.4M up 2.9% YoY, Huawei 51.9M, down 22%, Xiaomi 46.5M, up 42%, and Apple 41.6M, down 10.6%  —  FRAMINGHAM, Mass., October 29, 2020 -The worldwide smartphone market showed signs of improvement in the third quarter of 2020 (3Q20) …
Salvador Rodriguez / CNBC:
Instagram says it will temporarily remove the “Recent” tab from hashtag pages to reduce the spread of misinformation leading up to the US election  —  - Instagram announced it will temporarily remove the recent tab from hashtag pages to reduce the spread of misinformation in the lead up to the U.S. election.
Julia Alexander / The Verge:
Netflix increases pricing for standard plan by $1 to $14/month and premium tier by $2 to $18/month; basic plan will remain $9/month  —  The basic plan will remain $9 a month  —  Netflix is introducing price hikes for its US subscribers today, increasing its standard plan to $14 a month and its premium tier to $18 a month.
Amazon.com, Inc.:
Amazon reports Q3 revenue of $96.15B, net sales increase of 37% YoY, net income of $6.3B, up from $2.1B YoY, and AWS net sales of $11.6B, up 29% YoY  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.
Makena Kelly / The Verge:
Profile of FCC's Brendan Carr, a potential FCC chairman if Trump is reelected, and a key figure in the Republican fight against Big Tech  —  SHARE All sharing options  —  Ted Cruz was shouting at Jack Dorsey.  —  “Who the hell elected you and put you in charge of what the media are allowed …
Steve Dent / Engadget:
Samsung launches SmartThings Find app to track down lost Galaxy devices, works with Galaxy phones, tablets, Buds, Watches, and more  —  Smartphones and other devices are so intertwined with our lives that losing one can be traumatic.  To that end, Samsung has unveiled SmartThings Find …

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