Techmeme
August 4, 2023, 10:55 AM

Top News

Apple:
Apple reports Q3 revenue down 1.4% YoY to $81.8B, declining for a third quarter in a row but largely in line with estimates, and net income up 2.3% to $19.9B  —  Services revenue reaches new all-time high Installed base of active devices sets all-time record
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 …
Aaron Tilley / Wall Street Journal:
Todd Spangler / Variety:
Sankalp Phartiyal / Bloomberg:
Apple, Samsung, and others freeze imports of laptops and tablets to India; sources say India's sudden import license rules caught the industry by surprise  —  - India surprised industry with new import license requirement  — Modi government seeks to promote domestic manufacturing
Manish Singh / TechCrunch:
India delays import limitations on laptops, tablets, and servers, giving companies a “transition period” of at least one month to obtain licenses  —  India is delaying the implementation of its import limitations on laptops, tablets, and servers, a day after the unexpected …
Emma Roth / The Verge:
Coinbase asks a judge to dismiss the SEC's lawsuit against it, arguing that the case falls outside the agency's authority as Coinbase doesn't trade securities  —  Coinbase is asking a judge to dismiss the Securities and Exchange Commission's lawsuit against it.
Martin Coulter / Reuters:
To comply with EU DSA, TikTok will let users turn off personalized recommendations in the For You feed, remove targeted ads for those aged 13 to 17, and more  —  Chinese-owned social media platform TikTok has announced a raft of new features for European users aimed at improving compliance with incoming European Union regulations.
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.
Annie Palmer / CNBC:
Yogita Khatri / The Block:
Bobby Allyn / NPR:
Background actors describe their worries over lack of control of their digital likenesses, which is one key issue in the SAG-AFTRA strike  —  After four weeks of working as a background actor on the Disney+ series WandaVision during the pandemic, Alexandria Rubalcaba was told by the production crew to report to a tractor trailer.
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
CNBC:
Ilya Lichtenstein, who earlier pleaded guilty to laundering billions in cryptocurrency from the 2016 Bitfinex hack, admits to being the original Bitfinex hacker  —  - A New York man admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court …
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 …

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Nupur Anand / Reuters:
Jess Weatherbed / The Verge:
Kris Holt / Engadget:
Arjun Kharpal / CNBC: