Techmeme
August 3, 2023, 9:40 PM

Top News

Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row and missing estimates of $88.8B, and net income up 2.3% YoY to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
Aaron Tilley / Wall Street Journal:
Apple Q3 revenue: iPhone down 2.4% YoY to $39.7B, Mac down 7.3% YoY to $6.8B, iPad down 19.8% to $5.8B, and Wearables, Home, and Accessories up 2.5% to $8.3B  —  Sales of iPhones missed analyst estimates, although executives pointed to continued strength in emerging markets
Stephen Nellis / Reuters:
Apple Q3: revenue grew 7.9% YoY to $15.8B in China, with iPhone up “double digits” and a quarterly Services record, but fell 5.6% YoY to $35.4B in the Americas  —  Apple (AAPL.O) on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales …
Todd Spangler / Variety:
Amazon:
Amazon reports Q2 revenue up 11% YoY to $134.4B, a $6.7B net income, vs. a $2B net loss in Q2 2022, AWS segment sales up 12% YoY to $22.1B; AMZN jumps 9%+  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2023.
Kris Holt / Engadget:
Google expands its privacy tools, including to alert users when their personal info appears in Search and to remove consensual explicit images from Search  —  The company will soon blur explicit imagery in results by default too.  —  Google has announced several updates to Search aimed …
Brian Fung / CNN:
Sensor Tower: Threads' DAUs fell to 8M on July 31, down 82% from launch; the daily average time spent fell from 19 minutes per day at launch to 2.9 on August 1  —  Threads, Meta's Twitter rival, is struggling to retain users roughly a month after its highly publicized launch …
Jess Weatherbed / The Verge:
Brave Search updates its image and video search to use Brave's own index rather than Bing's or Google's; some advanced search capabilities are still absent  —  Brave, best known for its privacy-focused web browser, is adding image and video search to Brave Search that now relies …
Andrew Tarantola / Engadget:
IBM, HuggingFace, and NASA release an open-source geospatial foundation model to support new climate and Earth science AIs that can track deforestation and more  —  The open-source model will serve as the basis for future forest, crop and climate change-monitoring AI.
Arjun Kharpal / CNBC:
Nintendo Q1: revenue up 50% YoY to ~$3.2B and net profit up 52% YoY to ~$1.3B, driven by The Super Mario Bros. Movie, the new Zelda, and Switch sales up 13.9%  —  - Nintendo reported revenue for the June quarter of 461.34 billion yen ($3.2 billion), rising 50% year-on-year.
Mia Sato / The Verge:
Patreon temporarily disables Payoneer payments after some creators were unable to access their earnings and some banks flagged subscriber payments as fraudulent  —  Two simultaneous issues with payments on Patreon are causing problems for both creators and fans.
TechCrunch:
India restricts importing laptops, tablets, PCs, and servers, effective immediately; analysts say the move appears aimed at boosting local tech manufacturing  —  India restricted import of laptops, tablets, other personal computers and servers with immediate effect on Thursday …
Bloomberg:
Coinbase reports Q2 revenue down 12% YoY to $707.9M, vs. $631.2M est., net loss down 91% YoY to $97M, and transaction revenue down 50% YoY to $327.1M  —  - Trading revenue was less than that from other sources  — Interest income down after USDC stablecoin circulation fell
Ryan Smith / AnandTech:
AMD announces the Radeon Pro W7600 for $599, $50 cheaper than its predecessor, and the W7500 for $429, both based on its new Navi 33 GPU, available later in Q3  —  As AMD continues to launch their full graphics product stacks based on their latest RDNA 3 architecture GPUs …
Krystal Hu / Reuters:
CoreWeave, which offers Nvidia GPUs in the cloud, raised $2.3B in debt, collateralized by Nvidia chips; CoreWeave has raised $421M in equity so far in 2023  —  Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) …
Shubham Kalia / Reuters:
Agence France-Presse sues X in Paris for refusing to discuss potential content distribution payments under a 2019 law; Elon Musk calls the lawsuit “bizarre”  —  said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter …

Sponsor Posts

Opal:
Introducing Tadpole: the tiny webcam for laptops  —  With a mirrorless Sony sensor, directional microphone, and tap-to-mute feature, the Tadpole works with both Mac and PC and is the perfect webcam to take with you everywhere.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Cache:
Make the most of your large stock positions  —  Cache is built for your hard-earned stocks.  Discover how to diversify tax-efficiently or borrow at lower rates.  Once for the ultra-wealthy, now available for you.
Zoho:
How cloud telephony extensions elevate sales operations  —  This is a guest post by Dmytro Tokar, CTO and co-owner of Zadarma.  Cloud telephony represents a transformative shift in telecommunications technology …
Prospect:
A running list of the best startups to join  —  We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%.  Discover and join the next Stripe, Airbnb, or Coinbase today.
The Logan Bartlett Show:
EP 107: Steve Kaufer (Co-Founder, Tripadvisor) - Why He Left & What He's Building Now
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Wed. 06/12 - Elon Pulls His OpenAI Lawsuit
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 9:40 PM ET, August 3, 2023.

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

Mary Ann Azevedo / TechCrunch:
Vishal Chawla / The Block:
GPU Utils:
Claire Moses / New York Times:
Mastodon: @rationaldoge@hachyderm.ioTwitter: @fdcox, @jkaraian, @palella, and @micromobilityLinkedIn: Jonah Wagner
Parth M.N. / Wired:
Threads: @carnage4lifeMastodon: @carnage4life@mas.toTwitter: @peterguest, @shakirmir, and @gregwilliams718

Earlier Picks

New York Times:
Amanda Marcotte / Salon:
Kyle Wiggers / TechCrunch:
Wall Street Journal:
Zeba Siddiqui / Reuters:
Emilia David / The Verge: