Techmeme
April 29, 2021, 12:00 AM

Top News

Apple:
Apple reports record Q2 revenue of $89.6B, up 54% YoY, net income of $23.6B, up from $11.2B YoY, iPhone sales of $47.9B, up from $29B YoY  —  Revenue up 54 percent to new March quarter record  —  Services and Mac revenue reach new all-time high  —  Apple today announced financial results …
Malcolm Owen / AppleInsider:
Apple Q2: record Mac sales of $9.1B, up from $5.4B last year, iPad sales of $7.8B, up from $4.4B, Wearables, Home, and Accessories sales of $7.8B, up from $6.3B  —  Apple earned $89.6 billion in revenue for the second fiscal quarter of 2021, a huge Wall Street beat attributed in large part …
Alex Weprin / Hollywood Reporter:
Apple says it has 660M subscriptions across its platform; Apple Q2 Services revenue hit a record $16.9B, up from $13.3B a year ago  —  The tech giant's overall revenue hit $89.6 billion, up 54 percent from a year prior.  —  Apple's services business is off to a hot start in 2021.
Chance Miller / 9to5Mac:
Investor Relations:
Facebook reports Q1 revenue of $26.2B, up from $17.7B YoY, MAUs of 2.85B, up 10% YoY, headcount of 60,654, up 26% YoY, avg. ad price up 30% YoY; stock rises ~5%  —  MENLO PARK, Calif., April 28, 2021 /PRNewswire/ — Facebook, Inc. (Nasdaq: FB) today reported nancial results for the quarter ended March 31, 2021.
Stephanie Condon / ZDNet:
Facebook says Q1 ad revenue was $25.4B, up 46% YoY, expects continued growth in Q2, with headwinds in H2 due to regulatory changes and Apple's iOS 14.5 update  —  The average price per ad in Q1 increased by 30 percent year-over-year, driving up Facebook ad revenue growth.
Manish Singh / TechCrunch:
Facebook blocked all posts with “#ResignModi” in India, says they were blocked by mistake and not due to a govt. order, and that posts have now been restored  —  Updated at 1.17am IST, Thursday: Facebook comms Andy Stone said the company has restored the posts and is “looking into what happened.”
Kurt Schlosser / GeekWire:
Amazon will invest $1B+ to increase wages for more than 500K of its warehouse workers by $.50 to $3 an hour, rolling out from mid-May to early June  —  Amazon announced Wednesday that it plans to invest more than $1 billion in wage increases for its operations workers, promising raises …
Ben Lovejoy / 9to5Mac:
Josef Adalian / Vulture:
Netflix launches Play Something, an opt-in viewing mode that gives the service a more TV-like feel to fight viewers' decision fatigue  —  Ten years ago, Netflix got the idea that its app should work more like regular TV.  This was early on in its transition from DVD delivery to streaming on demand …
Monica Chin / The Verge:
Samsung announces two lightweight laptops with OLED screens: the Galaxy Book Pro, starting at $1K, and the Galaxy Book Pro 360, a convertible starting at $1.2K  —  Premium screens and premium features  —  Samsung has announced two new Galaxy Book devices: the Galaxy Book Pro …
Abner Li / 9to5Google:
Mighty debuts a premium Chromium-based macOS browser, now invite-only, that “entirely streams” from cloud, can load “hundreds” of tabs without stalling a Mac  —  With the underlying concept popularized by Stadia and other game services, Mighty wants to stream an entire Chromium browser from the cloud.
Levi Sumagaysay / MarketWatch:
eBay reports Q1 revenue of $3.0B, up 42% YoY and profits of $641M, as GMV rose 29% to $27.5B, while active buyers increased 7% to 187M worldwide; stock down 5%+  —  EBay Inc.'s first-quarter results beat expectations on growth in its core categories, namely sneakers and luxury watches, the company said Wednesday.
More: Bloomberg and ZDNet
Shen Lu / Protocol:
Profile of Chinese AI-driven aggregator News Break, which says it has 45M MAUs and is finding success in the US through a sharp focus on local news  —  It's the most downloaded news app in the world — and the content it carries is entirely local.  In the U.S., it drives more traffic than all but three apps.

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