Month: April 2022

Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance (Business Wire)

Business Wire: Amazon reports Q1 revenue up 7% YoY to $116.4B, $3.8B net loss vs. $8.1B net income in Q1 2021, and AWS revenue up 37% YoY; stock down 10%+ on weak Q2 guidance  —  SEATTLE—(BUSINESS WIRE)—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2022.

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Amazon Prime Day 2022 will take place in July

Illustration by Alex Castro / The Verge Amazon Prime Day, the company’s annual shopping holiday that targets subscribers to its premium shipping / entertainment package, will take place in July this year. The manufactured holiday for discount shopping has moved around a bit after Amazon delayed it to October for 2020 and then moved it

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Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs 8.17B est., and subscription services grew 11% to $8.4B (Annie Palmer/CNBC)

Annie Palmer / CNBC: Amazon reports Q1 advertising services revenue grew 23% YoY to $7.88B vs 8.17B est., and subscription services grew 11% to $8.4B  —  – Amazon on Thursday gave a revenue forecast that trailed analysts’ estimates.  — Growth rates are at their slowest since the dot-com bust in 2001.

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Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13% (Jordan Novet/CNBC)

Jordan Novet / CNBC: Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13%  —  – Intel beat on the top and bottom lines for the first quarter but forecast weak quarterly guidance.  — The company’s

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Robinhood reports Q1 revenue of $299M, down 43% YoY, vs. $355.8M est., net loss of $392M, MAUs of 15.9M, down from 17.7M YoY; stock drops 8%+ (Jesse Pound/CNBC)

Jesse Pound / CNBC: Robinhood reports Q1 revenue of $299M, down 43% YoY, vs. $355.8M est., net loss of $392M, MAUs of 15.9M, down from 17.7M YoY; stock drops 8%+  —  Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom …

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Apple Q2: $50.57B iPhone revenue, up 5.5% YoY, $10.44B Mac revenue, up 14.7%, $7.65B iPad revenue, down 1.92%, and other products revenue of $8.8B, up 12.4% (Kif Leswing/CNBC)

Kif Leswing / CNBC: Apple Q2: $50.57B iPhone revenue, up 5.5% YoY, $10.44B Mac revenue, up 14.7%, $7.65B iPad revenue, down 1.92%, and other products revenue of $8.8B, up 12.4%  —  – Apple’s revenue grew nearly 9% on an annual basis in the quarter ending in March.  — Apple did not provide a forecast for

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Apple’s Q2 Services revenue grew 17% to $19.8B and it had 825M paying subscribers globally across all services, up from 785M in Q1 (Reuters)

Reuters: Apple’s Q2 Services revenue grew 17% to $19.8B and it had 825M paying subscribers globally across all services, up from 785M in Q1  —  Apple Inc (AAPL.O) on Thursday reported record fiscal second-quarter sales and profit that beat Wall Street estimates as it managed chip shortages and consumers snapped up new iPhones.

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Snap launches Lens Cloud, a free collection of backend services to help Snap AR developers build dynamic, location-based multiuser augmented reality experiences (Romain Dillet/TechCrunch)

Romain Dillet / TechCrunch: Snap launches Lens Cloud, a free collection of backend services to help Snap AR developers build dynamic, location-based multiuser augmented reality experiences  —  Snap isn’t just the company behind popular social app Snapchat.  It has also built a powerful augmented reality developer …

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DJI admits that AeroScope drone tracking signals aren’t encrypted, after claiming otherwise for almost a month, letting anyone track its drones and their pilots (Sean Hollister/The Verge)

Sean Hollister / The Verge: DJI admits that AeroScope drone tracking signals aren’t encrypted, after claiming otherwise for almost a month, letting anyone track its drones and their pilots  —  The packets are in the air for anyone to grab  —  Last month, Ukraine Vice Prime Minister Mykhailo Fedorov accused DJI …

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