Techmeme
April 29, 2021, 6:35 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 …
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.
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 …
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.”
Chaim Gartenberg / The Verge:
After 526 days of its initial launch, Google finally gives users a way to search through Stadia's 172 games available on the service  —  If only Google knew anyone with experience building search engines  —  Stadia is an online game streaming service from Google, a company …
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:
Mike Butcher / TechCrunch:
Berlin-based digital asset custody and financial services provider Finoa raises $22M Series A led by Balderton Capital  —  Institutions need to keep their crypto assets somewhere.  And they aren't going to keep it on some random, or consumer-grade crypto operation.  This requires more sophisticated technology.
More: Tech.eu
Gilad Edelman / Wired:
Q&A: Evelyn Douek, a lecturer and Ph.D. student at Harvard studying online speech regulation, on why a “proportional” approach to online speech is a good thing  —  Major platforms' policies aren't actually inspired by the First Amendment.  This legal scholar says that's a good thing.
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 …

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Josef Adalian / Vulture:
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