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May 5, 2023, 1:15 PM
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| Apple: |
Apple reports Q2 revenue down 3% YoY to $94.84B, declining for a second quarter in a row but beating estimates of $92.96B, and net income down 3% YoY to $24.16B — Services revenue reaches new all-time high iPhone revenue sets March quarter record — CUPERTINO, CALIFORNIA Apple today …
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| Kif Leswing / CNBC: |
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| Yifan Yu / Nikkei Asia: |
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| Todd Spangler / Variety: |
| Harmeet Singh Walia / Counterpoint Research: |
Smartphone shipments declined by 14% YoY and 7% QoQ globally to reach 280.2M units in Q1 2023; Apple's YoY decline was the smallest of the top five brands — - The global smartphone market declined by 14% YoY and 7% QoQ to record 280.2 million unit shipments in Q1 2023.
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| Mengqi Sun / Wall Street Journal: |
NY AG proposes the Crypto Regulation, Protection, Transparency and Oversight Act, or CRPTO, seeking broader enforcement authority over crypto companies — Proposed legislation would require crypto exchanges to have independent public audits of financial statements, among other new requirements
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| Wall Street Journal: |
Sources: Ant Group's transformation into a fully regulated company has been on hold for over a year as China reshuffles its regulatory system — Powerful new regulator will have to approve the fintech giant's application to become a financial-holding company| Joseph Menn / Washington Post: |
A judge sentences ex-Uber CSO Joe Sullivan to three years of probation; he was convicted in October 2022 for not disclosing a 2016 data breach to regulators — The first corporate executive convicted of a crime related to a data breach by outsiders is sentenced to probation and fined| Eric Berger / Ars Technica: |
Airbus, Eutelsat, SES, Thales, and other European satellite companies plan to bid for the IRIS² satellite constellation, hoping to rival SpaceX's Starlink — The bid includes large players such as Airbus Defence and Space, Eutelsat, and SES. — A consortium of nearly every major …
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| Bloomberg: |
Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open source AI will outcompete Google and OpenAI — A senior software engineer at Google wrote a critique asserting that the internet search leader is losing its edge …
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SemiAnalysis. More:
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| Alex Konrad / Forbes: |
A look at the ByteDance investors who have billions in paper profits blocked by the US regulatory standoff over TikTok; source: Sequoia China holds a 10%+ stake — The world's most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1.
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| Chris Welch / The Verge: |
A review of the $250 JBL Tour Pro 2 wireless earbuds, whose case has a touchscreen for accessing earbud settings, along with extras like timers and a flashlight — The touchscreen offers quick access to earbud settings along with extras like timers and even a flashlight.| Catherine Shu / TechCrunch: |
Jakarta-based Praktis, which sells end-to-end supply chain software to direct-to-consumer brands and suppliers, raised a $20M Series A led by East Ventures — Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands.
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Tech in Asia
| Brian Fung / CNN: |
New York's MTA resumes posting automated transit alerts to Twitter after the platform backtracked on a plan to charge public service accounts for API access — New York's Metropolitan Transportation Authority said it would resume posting automated transit alerts to Twitter on Thursday …
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Gizmodo, Engadget, apps.cio.ny.gov, New York Post, Associated Press, and Bloomberg
| Adam Morgan McCarthy / The Block: |
Dune: Ethereum's median average transaction fee jumped to ~87 gwei on May 2, the highest level since May 2022, mostly due to memecoin trading exploding again — - Average transaction fees on the Ethereum network reached highs last seen in May 2022 this week.Sponsor Posts
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