Techmeme
April 28, 2022, 10:20 PM

Top News

Business Wire:
Apple reports Q2 revenue of $97.3B, up 9% YoY, $25B net income, up from $23.6B YoY, authorizes an additional $90B in share repurchases, and hikes dividend by 5%  —  Revenue up 9 percent to new March quarter record  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Apple Q2 revenue: $50.57B from iPhone, up 5.5% YoY, $10.44B from Mac, up 14.7% YoY, $7.65B from iPad, down 1.9% YoY, and $8.8B from other products, up 12.4% YoY  —  - Apple's revenue grew nearly 9% year over year during the quarter ended in March.  — But shares fell nearly 4% …
Reuters:
Apple reports Services revenue grew 17% YoY to $19.8B in Q2 2022 and 825M paying subscribers globally across all its services, up from 785M in Q1 2022  —  Apple Inc (AAPL.O) on Thursday reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages …
Romain Dillet / TechCrunch:
Snap announces Pixy, a $230 mini drone that can capture 2.7K videos and 12MP photos, syncs with Snapchat, and weighs 101g, available in the US and France  —  Meet Pixy, Snap's little flying companion.  Pixy is a mini drone that can act as a camera sidekick when you can't ask someone to take a video of you.
Alex Hern / The Guardian:
Joanna Stern / Wall Street Journal:
Snap Pixy review: a cute drone with four flying modes, but the footage quality is not the best, the battery lasts only a few flights, and it can't handle wind  —  With this new kind of flying camera, Snapchat's creators take the stress out of piloting remote-controlled aircraft for aerial photography.
Romain Dillet / TechCrunch:
Bloomberg:
Sources: during Twitter deal negotiations, Elon Musk said he would be focused on the company's bottom line and floated the idea of cutting both costs and jobs  —  As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused …
Financial Times:
Business Wire:
Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.
Annie Palmer / CNBC:
Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs $8.17B est., and subscription services grew 11% to $8.4B  —  - Amazon on Thursday gave a revenue forecast that trailed analysts' estimates.  — Growth rates are at their slowest since the dot-com bust in 2001.
Jesse Pound / CNBC:
Robinhood reports Q1 revenue down 43% YoY to $299M, vs. $355.8M est., net loss of $392M, down from $1.4B YoY, 15.9M MAUs, down from 17.7M YoY; stock drops 10%+  —  Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter …
Jacob Kastrenakes / The Verge:
Twitter says it overstated mDAUs from Q1 2019 to Q4 2021 by up to 1.9M per quarter, counting one user's multiple accounts as active, even if they weren't in use  —  How did this happen twice?  —  Twitter overstated the number of daily users on its service for three years straight, overcounting by up to 1.9 million users each quarter.
Lauren Feiner / CNBC:
Malique Morris / The Information:
Document: one-click checkout service Bolt's revenue has stalled and has been losing customers amid competition from PayPal and Shopify; Bolt is valued at $11B  —  Bolt, which develops software that online stores use to help shoppers pay with one click, started the year riding high …
Jordan Novet / CNBC:
Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13%  —  - Intel beat on the top and bottom lines for the first quarter but forecast weak quarterly guidance.  — The company's quarterly PC chip business came in light.
Wall Street Journal:
Netflix's quest to grow in Asia faces formidable challenges, including a crowded field of foreign and local services, preferences for local content, and more  —  The competition is cutthroat across Asia, the world's key streaming battleground, with a crowded field of foreign and local services

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
MicroAcquire:
New opportunities are waiting for you  —  Join 100,000+ entrepreneurs buying and selling startups on the world's #1 acquisition marketplace.  Expertly curated to match serious buyers with pre-vetted startups of all sizes.
Zoho:
5 ways to make your employees feel valued on their work anniversary  —  Taking steps to recognize and celebrate your employees is a surefire way to assure them that they are on the right track.
Storyblok:
The only headless CMS with a visual editor  —  Devs get the flexibility to build experiences for any frontend, while content creators need no coding skills to edit content independently.
Techmeme Ride Home:
Fri. 06/24 - TikTok Turns On The Money Machine
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:20 PM ET, April 28, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Devin Coldewey / TechCrunch:
Todd Spangler / Variety:
Natasha Lomas / TechCrunch:
Abhijit Ahaskar / Livemint:

Earlier Picks

Javier Espinoza / Financial Times:
Jonathan Greig / The Record:
Kim Masters / The Hollywood Reporter: