Techmeme
April 28, 2022, 9:05 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.
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:
Bloomberg:
Sources: Elon Musk floated the idea of cutting both costs and jobs when fielding questions from bankers during negotiations about the Twitter deal  —  As he negotiated a $44 billion deal to acquire Twitter Inc., Elon Musk told bankers that he would be focused on the social-media company's bottom line …
Financial Times:
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:
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.
Jonathan Greig / The Record:
Cloudflare says it mitigated a 15.3M rps HTTPS DDoS attack earlier in April, one of the largest volumetric DDoS attacks recorded, targeting a “crypto launchpad”  —  Internet infrastructure company Cloudflare said today that it mitigated one of the largest volumetric distributed denial of service …
Wall Street Journal:
Netflix's quest to grow its Asian market faces formidable challenges, including competition from local services, viewers' preference 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
Malique Morris / The Information:
Document: one-click checkout service Bolt's transaction revenue grew ~10% to $28M in 2021, and has had partner merchants numbering in the low 300s since 2020  —  Bolt, which develops software that online stores use to help shoppers pay with one click, started the year riding high …
Todd Spangler / Variety:
Roku reports Q1 revenue of $734M, up 28% YoY, 20.9B total streaming hours, up 14% YoY, and the addition of 1.1M active accounts to reach 61.3M, up 14% YoY  —  Streaming platform Roku saw revenue and user growth cool down in the first three months of 2022, as the company missed Wall Street expectations on the bottom line.

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Earlier Picks

Kim Masters / The Hollywood Reporter:
Mitchell Clark / The Verge: