Apple:
Apple reports Q2 revenue down 4% YoY to $90.75B, net income down 2% to $23.64B, and announces a $110B share buyback, its largest yet; AAPL jumps 5% after hours — Services revenue reaches new all-time record — EPS sets March quarter record — Apple® today announced financial results …
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B (Kif Leswing/CNBC)
Kif Leswing / CNBC:
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B — Apple CEO Tim Cook waves to journalists after his meeting with Indonesian President Joko Widodo at the Presidential Palace in Jakarta, Indonesia, April 17, 2024.
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B (Ryan Vlastelica/Bloomberg)
Ryan Vlastelica / Bloomberg:
Apple Q2 revenue: iPhone down 10% YoY to $45.96B, Mac up 4% to $7.45B, iPad down 17% to $5.56B, and Wearables, Home, and Accessories down 10% to $7.91B — – Stock has sharply underperformed amid weak growth trends — Capital returns will be a focus ahead of upcoming AI event
Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours (MacKenzie Sigalos/CNBC)
MacKenzie Sigalos / CNBC:
Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours — Block Inc logo is seen displayed in this illustration taken, April 10, 2023. — Block reported first-quarter earnings after the bell that exceeded analysts’ estimates.
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ (Olga Kharif/Bloomberg)
Olga Kharif / Bloomberg:
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ — – Consumer transaction revenue almost doubled from last quarter — Urges ‘caution in extrapolating’ results so far this quarter
Tether says it is working with Chainalysis to identify crypto wallets that could be used for bypassing sanctions or illicit activities like terrorist financing (Krisztian Sandor/CoinDesk)
Krisztian Sandor / CoinDesk:
Tether says it is working with Chainalysis to identify crypto wallets that could be used for bypassing sanctions or illicit activities like terrorist financing — The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities …
Hyundai invests $475M in self-driving startup Motional and will spend another $448M to buy 11% of Aptiv’s common equity interest in Motional (Rebecca Bellan/TechCrunch)
Rebecca Bellan / TechCrunch:
Hyundai invests $475M in self-driving startup Motional and will spend another $448M to buy 11% of Aptiv’s common equity interest in Motional — Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing …
A federal judge grills both the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes (New York Times)
New York Times:
A federal judge grills both the DOJ and Google in the closing arguments of US v. Google, as the most consequential tech antitrust case since the 1990s concludes — Judge Amit P. Mehta tried poking holes in the closing arguments of a landmark monopoly case as he weighs a ruling that could reshape tech.
[Thread] California state Sen. Scott Wiener defends his AI safety bill SB 1047, after criticism that it will “crush OpenAI’s competitors” and open-source AI (Senator Scott Wiener/@scott_wiener)
Senator Scott Wiener / @scott_wiener:
[Thread] California state Sen. Scott Wiener defends his AI safety bill SB 1047, after criticism that it will “crush OpenAI’s competitors” and open-source AI — AI policy is a new & fast-moving field & it’s healthy & important to have a diversity of perspectives. However, this thread contains some extreme inaccuracies — indeed outright fear-mongering — about our AI safety legislation (SB 1047) that need to be corrected: 🧵
Microsoft bans US police departments from using integrations with Azure OpenAI Service, including integrations with OpenAI’s text- and speech-analyzing models (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Microsoft bans US police departments from using integrations with Azure OpenAI Service, including integrations with OpenAI’s text- and speech-analyzing models — Microsoft has changed its policy to ban U.S. police departments from using generative AI through the Azure OpenAI Service …
