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August 1, 2025, 8:55 AM
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Kif Leswing / CNBC:
Apple reports Q3 revenue up 10% YoY to $94.04B, vs. $89.53B est., its largest quarterly growth since December 2021, and China net sales up 4% YoY to $15.37B  —  Apple Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue.
William Gallagher / AppleInsider:
Apple incurred ~$800M in Trump's tariff costs in Q3, $100M less than expected, and expects a jump to $1.1B in Q4 if current rates and policies remain in place  —  Trump's tariffs are increasingly costing Apple more per quarter  —  Apple's bill for Trump's tariffs in the third quarter …
Apple:
Apple Q3: iPhone up 13% YoY to $44.58B, vs. $40.22B est., Mac up 15% to $8.05B, iPad down 8% to $6.58B, and Wearables, Home, and Accessories down 9% to $7.4B  —  June quarter records for total company revenue, iPhone revenue and EPS  —  Services revenue reaches new all-time high
Kif Leswing / CNBC:
Tim Cook says Apple is “significantly growing” its investment in AI and reassigning staff to work on AI features, while remaining “very open to M&A”
Chance Miller / 9to5Mac:
Apple has now sold over 3B iPhones since its 2007 launch; it reached 1B sold in July 2016, and is estimated to have reached 2B around September 2021
Todd Spangler / Variety:
Apple reports Q3 revenue from Services, which includes the App Store, Apple TV+, and Apple Music, up 13.3% YoY to $27.42B, vs. $26.8B est.
Tanaya Macheel / CNBC:
Coinbase reports Q2 revenue up 3% YoY to $1.5B, vs. $1.6B est., and retail trading volume up 16% to $43B, vs. $48.05B est.; COIN drops 9%+ after hours  —  Coinbase shares fell Thursday after gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes.
Tanaya Macheel / CNBC:
Coinbase says its new “everything exchange” will include tokenized assets, stocks, derivatives, prediction markets, and more, for US users in the coming months  —  Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday.
Tanaya Macheel / CNBC:
The US SEC debuts Project Crypto, an initiative to “modernize” securities regulations to allow for crypto-based trading, amid investor interest in tokenization
Amazon:
Amazon reports Q2 revenue up 13% YoY to $167.7B, vs. $162.09B est., forecasts Q3 operating income of $15.5B-$20.5B, vs. $19.48B est.; AMZN drops 6%+ after hours  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2025.
Annie Palmer / CNBC:
Amazon reports Q2 ad revenue up 23% YoY to $15.7B, vs. $14.9B est., and subscription services revenue up 12% YoY to $12.2B
Jordan Novet / CNBC:
Amazon reports Q2 AWS revenue up 17.5% YoY to $30.9B, vs. $30.8B est., and AWS operating income up 8.8% YoY to $10.2B
Amanda Silberling / TechCrunch:
OpenAI removes a ChatGPT feature that let users make their conversations discoverable by Google and other search engines, calling it a “short-lived experiment”  —  Update 7/31/25 4:10pm PT: Hours after this article was published, OpenAI said it removed the feature from ChatGPT …
Jordan Novet / CNBC:
Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023  —  Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.
More: NBC News, Reuters, Figma, Wall Street Journal, Tech Funding News, The AI Economy, Reuters, San Francisco Examiner, Axios, Bloomberg Podcasts on YouTube, Fast Company, Forbes, New York Times, San Francisco Business Times, Crunchbase News, CNBC, Financial Times, and Bloomberg
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Forums: Hacker News and r/web_design
Maxwell Zeff / TechCrunch:
Google rolls out Gemini 2.5 Deep Think, its most advanced reasoning model, which can consider multiple ideas simultaneously, to $250-per-month Ultra subscribers  —  Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model …
Ryan Browne / CNBC:
Nintendo Q1: revenue up 132% YoY to ~$3.8B, operating profit up 4.4% to ~$378M; it sold 5.82M Switch 2 units in the first month, more than double the original  —  Nintendo more than doubled revenue in its fiscal first quarter, as the company logged bumper sales of its Switch 2 console in the first month of release.
Bloomberg:
Google loses its appeal of a US judge's order in October 2024 requiring it to overhaul its Google Play store policies in an antitrust case filed by Epic Games  —  Alphabet Inc.'s Google lost its appeal of a judge's order requiring an overhaul of the technology giant's app store policies …
New York Times:
Source: OpenAI raised $8.3B led by Dragoneer at a $300B valuation, months ahead of schedule and part of a $40B goal for 2025; 5M business users pay for ChatGPT  —  The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race.
Todd Spangler / Variety:
Roku reports Q2 revenue up 15% YoY to $1.11B, vs. $1.07B est., a net profit of $10.5M, and Platform segment sales up 18% to $976M  —  Roku exceeded expectations for the second quarter of 2025, with the streaming platform company turning in better-than-expected 15% top-line growth — and a quarterly profit.
Megan Farokhmanesh / Wired:
Games industry trade organizations and gamers are speaking out against censorship campaigns that have forced Steam and Itch.io to mass deindex NSFW content  —  As industry groups decry censorship, players are flooding Visa and Mastercard with complaints and sharing the titles of delisted NSFW games to support developers.

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From Mediagazer

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

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

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Anna Tong / Reuters:
AI infrastructure company fal, which runs audio, video, and image models on behalf of enterprises, raised a $125M Series C led by Meritech at a $1.5B valuation

Earlier Picks

New York Times:
A look at Big Tech's AI talent wars with massive compensation packages; sources: Meta told potential hires they would be allotted 30K GPUs for their AI research
Andy Greenberg / Wired:
Microsoft says Russia's Secret Blizzard hacking group is using Russian ISPs to install spyware disguised as Kaspersky on PCs of victims in embassies in Moscow
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