Techmeme
October 27, 2022, 6:25 PM

Top News

Apple:
Apple reports record Q4 revenue up 8% YoY to $90.1B, net income up 1% YoY to $20.7B, and annual revenue up 8% YoY to $394.3B  —  September quarter record for Revenue and EPS  —  Active installed base of devices reaches all-time high for all major product categories
Kif Leswing / CNBC:
Apple Q4: iPhone revenue up 9.67% YoY to $42.63B, Mac up 25.4% to $11.51B, iPad down 13.06% to $7.17B, Other Products up 9.85% to $9.65B, and Services up 4.98%  —  - Apple reported fiscal fourth-quarter earnings on Thursday that beat Wall Street expectations on revenue and earnings per share.
Amazon:
Amazon reports Q3 revenue up 15% YoY to $127.1B, net income down 9% YoY to $2.9B, and AWS revenue up 27% YoY to $20.5B; the stock drops 10%+ on weak Q4 guidance  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2022.
Sofia Pitt / CNBC:
Meta's stock closes down 24.56% at $97.94, its lowest price since 2016, after Mark Zuckerberg reiterated his commitment to spending billions on the metaverse  —  - The parent company of Facebook reported its second straight quarterly decline.  — Meta's Reality Labs division …
Todd Spangler / Variety:
Wall Street Journal:
Sources: ahead of Elon Musk's takeover, advertisers on Twitter are concerned about looser content moderation and potential conflicts of interest for car ads  —  Marketers worry about the Tesla CEO's stance on content moderation, potential conflicts in auto advertising if the Twitter deal completes
Edward Ludlow / Bloomberg:
David Gutman / The Seattle Times:
A Washington judge fines Meta $24.66M, the maximum possible amount, after finding the company intentionally violated campaign finance disclosure laws 822 times  —  Meta, Facebook's parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington's campaign finance laws.
The Verge:
Spotify updates its iOS app to remove audiobook purchasing instructions, replaced with a message saying “it's not ideal”, to comply with Apple's App Store rules  —  An update for Spotify's iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.

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Featured Podcasts

The Upstarts Podcast:
Blitzy's Brian Elliott: Cursor And Claude Code Are Looking At Your Enterprise Code 'Through A Straw'
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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The Nick, Dick and Paul Show:
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Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
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Great Chat:
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A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Big Technology Podcast:
OpenAI's Plan To Merge Chat And Agents — With Greg Brockman
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Channels with Peter Kafka:
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Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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