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Techmeme
May 2, 2025, 9:55 AM
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Top News

Apple Inc.:
Apple reports Q2 revenue up 5% YoY to $95.4B, vs. $94.6B est., China sales down 2% YoY to $16B, vs. $16.83B est., and authorizes a $100B share buyback program  —  Services revenue reaches new all-time high  —  EPS sets March quarter record … The Company posted quarterly revenue of $95.4 billion …
Kif Leswing / CNBC:
Apple Q2: iPhone up 2% YoY to $46.84B, vs. $45.84B est., Mac up 7% to $7.95B, iPad up 15% to $6.4B, and Wearables, Home, and Accessories down 5% to $7.52B  —  Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company's closely-watched Services division came up light versus estimates.
Rolfe Winkler / Wall Street Journal:
On its Q2 call, Apple said that a “majority” of iPhones sold in the US in Q3 will come from India while “nearly all” of its other devices will come from Vietnam  —  Company's plan for the June quarter follows its 5% earnings increase for the January-to-March period
Benjamin Mayo / 9to5Mac:
On Apple's Q2 call, Tim Cook said that the company estimates tariffs will add $900M in costs in its Q3, assuming current tariff rates and policies do not change
Tom Warren / The Verge:
Rockstar Games delays the release of Grand Theft Auto VI from fall 2025 to May 26, 2026, saying it needs extra time to deliver the expected and deserved quality  —  Rockstar Games says it needs more time to deliver the ‘quality you expect and deserve.’  —  Rockstar Games is delaying …
Amazon.com, Inc.:
Amazon reports Q1 revenue up 9% YoY to $155.67B, vs. $155.04B est., operating income up 20% YoY to $18.4B, and forecasts Q2 operating income below estimates  —  - Net sales increased 9% to $155.7 billion in the first quarter, compared with $143.3 billion in first quarter 2024.
Chance Miller / 9to5Mac:
Apple updates its App Store Guidelines to comply with a US judge's April 30 Epic injunction, letting app developers link to external payment methods in the US  —  Apple has officially updated the App Store Guidelines to comply with yesterday's injunction handed down in its legal case with Epic Games.
Jay Peters / The Verge:
Apple approves a Spotify iOS app update that lets US customers use other payment options beyond Apple's payment system; Patreon said it plans to do the same
Zac Hall / 9to5Mac:
Epic Games says it will take a 0% store fee from developers on their first $1M in revenue per app per year, and plans to let developers open their own webshops
Umar Shakir / The Verge:
Microsoft says new accounts will be “passwordless by default”, asking people to use more secure methods like passkeys, push notifications, and security keys  —  The company is trying to get everyone to get rid of passwords, eventually.
David Yaffe-Bellany / New York Times:
President Trump's World Liberty Financial says Abu Dhabi's MGX fund is investing $2B in Binance using World Liberty's USD1 stablecoin, raising ethical concerns  —  A deal for a state-backed Emirati firm to use a Trump-affiliated digital coin was announced in a panel that included the president's son …
Sam Schechner / Wall Street Journal:
Ireland's DPC fines TikTok €530M for illegally sending user data to China, ordering a halt to EU data transfers in six months if protections aren't guaranteed  —  Irish privacy watchdog says app failed to protect user data sent to China  —  Ireland's data-privacy watchdog fined TikTok …
Lawrence Abrams / BleepingComputer:
A California man pleads guilty to illegally accessing Disney's Slack channels and stealing 1.1TB+ of data in 2024; he later posed as hacktivist group NullBulge  —  A California man who used the alias “NullBulge” has pleaded guilty to illegally accessing Disney's internal Slack channels …
Martin Arnold / Financial Times:
The UK FCA plans to ban retail investors from borrowing money to buy cryptocurrencies, as it aims to bring much of the crypto market under its regulatory remit  —  UK financial regulator sets out proposals to regulate much of the digital asset market  —  The UK financial watchdog plans …
Samantha Subin / CNBC:
Airbnb reports Q1 revenue up 6% YoY to $2.27B, vs. $2.26B est., Gross Booking Value up 7% YoY to $24.5B, and forecasts Q2 revenue below est.; ABNB drops 5%+  —  Airbnb reported results for the first quarter that were mostly in line with estimates, but the company issued a disappointing revenue forecast for the current period.
Zeyi Yang / Wired:
Temu appears to have removed all products in the US version of its online store that ship directly from China to US consumers, confusing suppliers and customers  —  The American version of Temu abruptly began to show only “Local” products days before the Trump administration was set to end …

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From Mediagazer

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

David Pierce / The Verge:
Yahoo launches Game Breakdowns in beta, offering AI-generated game summaries, stats, and play recaps, all updated live, to Yahoo Fantasy Plus subscribers

Robert Channick / Chicago Tribune:
The Chicago Tribune sues Perplexity for copyright infringement, alleging Perplexity's platforms lift Tribune content verbatim and divert traffic from the paper

More News

Reuters:
Memo: the US DOD seeks to secure right-to-repair provisions in Army contracts to access tools, software, and technical data without hindrance by IP constraints
Lauren Forristal / TechCrunch:
MoviePass launches Mogul, a daily fantasy sports-inspired, blockchain-based platform for movie buffs, in beta and says 400K+ people signed up for early access
Andrew J. Hawkins / The Verge:
Uber and autonomous vehicle operator May Mobility partner to deploy “thousands” of robotaxis across the US, starting in Arlington, Texas, by the end of 2025

Earlier Picks

Noam Scheiber / New York Times:
In a case related to its Activision acquisition, Microsoft dropped a law firm that settled with President Trump in favor of a firm that is fighting a Trump EO
Lindsay Clark / The Register:
Redis, which makes the Redis value-key database, returns its main system to open-source license AGPL, after criticism in 2024 for moving to a dual-license model
Kyle Wiggers / TechCrunch:
Anthropic launches Integrations to connect apps to Claude, and expanded deep research tool Advanced Research, in beta for Claude Max, Team, and Enterprise users
Aisha Counts / Bloomberg:
LinkedIn says it will share ad revenue with creators for the first time, starting with 30 B2B creators, and says users now watch 36% more videos than a year ago
Jess Weatherbed / The Verge:
Google says “a small percentage” of Search users in the US will start seeing an AI Mode chatbot tab “in the coming weeks”; AI Mode uses Google's search index
Kristina Partsinevelos / CNBC:
Nvidia says Anthropic is telling “tall tales” after the startup argued for tighter export controls by saying China is smuggling chips in “prosthetic baby bumps”
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