Techmeme
February 2, 2023, 10:55 PM

Top News

Apple:
Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B  —  Installed base crosses 2 billion active devices and hits all-time high for all major product categories  —  Services set new all-time revenue record
Kif Leswing / CNBC:
Apple Q1 revenue: iPhone down 8% YoY to $65.8B, Mac down 29% YoY to $7.7B, iPad up 30% YoY to $9.4B, and Wearables, Home, and Accessories down 8% YoY to $13.5B  —  Follow your favorite stocksCREATE FREE ACCOUNT  —  Apple missed expectations for revenue, profit, and sales for many of its lines …
Aaron Tilley / Wall Street Journal:
Michael Potuck / 9to5Mac:
Alphabet:
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234  —  MOUNTAIN VIEW, Calif. - February 2, 2023 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2022.
Davey Alba / Bloomberg:
Sundar Pichai says Google will make LLMs like LaMDA available “in the coming weeks and months”, and users will be able to use them “as a companion to search”  —  Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts' expectations …
TechCrunch:
Twitter plans to discontinue free access to its API starting on February 9, ending support for both v1.1 and v2, and launch a “paid basic tier” instead  —  Twitter will discontinue offering free access to the Twitter API starting February 9 and will launch a paid version …
More: The Verge, VICE, Gizmodo, Techdirt, CNBC, Social Media Today, Pixel Envy, PhoneArena, Scripting News, Forbes, iPhone in Canada Blog, NewsBTC, Quartz, Tubefilter, Top Startups 2023, CNET, Mashable, Thurrott, Fast Company, Ars Technica, and Daring Fireball
Amazon:
Amazon reports Q4 revenue up 9% YoY to $149.2B, net income down 98% YoY to $278M, AWS revenue up 20% YoY to $21.4B, and number of employees down 4% YoY to 1.54M  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022.  Fourth Quarter 2022
Wall Street Journal:
TikTok's playbook to win DC's trust, like touring its Transparency and Accountability Center in California, echoes Huawei's unsuccessful US and Europe strategy  —  Chinese-owned app is taking steps that are similar to largely unsuccessful tactics used by the telecom giant  —  How TikTok Could Become a U.S. Company
Mark Gurman / Bloomberg:
Sources: Apple decided not to replace departing VP of Industrial Design Evans Hankey; its group of ~20 industrial designers will report to COO Jeff Williams  —  Apple Inc. has decided against naming a new executive to replace its departing top product designer, marking a stark shift …
Tom Schoenberg / Bloomberg:
Sources: US prosecutors in the DOJ's fraud unit are investigating California-based bank Silvergate over hosting accounts tied to FTX and Alameda Research  —  US prosecutors in the Justice Department's fraud unit are looking into Silvergate Capital Corp.'s dealings with fallen crypto giants FTX …
Sergiu Gatlan / BleepingComputer:
A former employee of IoT manufacturer Ubiquiti pleaded guilty to stealing gigabytes of confidential data in December 2020 and extorting the company for ransom  —  Nickolas Sharp, a former Ubiquiti employee who managed the networking device maker's cloud team, pled guilty today …
Tom Warren / The Verge:
Sony introduces Discord voice calls in beta for the PlayStation 5 in the US, Canada, Japan, and the UK, adds Variable Refresh Rate support for 1440p, and more  —  Beta testers will be able to join Discord voice calls on a PS5 console in the US, Canada, Japan, and UK starting today.
Marissa Newman / Bloomberg:
Legal docs: Meta paid Bright Data to scrape data from other websites for years while publicly condemning the practice and suing companies for scraping its sites  —  Facebook owner Meta Platforms Inc. for years paid a contractor to scrape data from other websites while publicly condemning …
Subrat Patnaik / Bloomberg:
After a 64% decline in 2022, Meta's stock is up 110%+ since its November low, one of the S&P 500 Index's best-performing stocks, adding $250B+ to its market cap  —  A spectacular turnaround in Meta Platforms Inc.'s stock is bringing back flashes of Big Tech heydays.

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