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Tech Brew Ride Home

Fri. 05/03 – Apple Earnings Underline Their Predicament

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 3 May 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

Apple earnings are out and revenue was down almost everywhere. Boy, AI can’t come fast enough for them. Did you know you can send Bluetooth signals to satellites in space? The full Rabbit R1 reviews turned out exactly how we expected. And, of course, the Weekend Longreads suggestions. Links: Apple Sales Fall as iPhone, China Businesses Remain Sluggish (WSJ) FDA Qualifies Apple’s AFib History feature as an MDDT (MyHealthyApple) Hubble Network makes Bluetooth connection with a satellite for the first time (TechCrunch) Coinbase’s First-Quarter Profit, Revenue Top Forecasts (Bloomberg) Rabbit R1 review: nothing to see here (The Verge) Weekend Longreads Suggestions: The Revenge of the Home Page (The New Yorker) Nick Bostrom Made the World Fear AI. Now He Asks: What if It Fixes Everything? (Wired) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Friday, May 3rd, 2024. I'm Brian McCullough.

0:08.0

Today Apple earnings are out and revenue was down almost everywhere. Boy, AI can't come fast enough for them.

0:14.4

Did you know you can send Bluetooth signals

0:16.6

to satellites in space?

0:18.1

The full Rabbit R1 reviews turned out exactly how we expected.

0:21.2

And of course, the weekend long rate suggestions.

0:23.8

Here's what you miss today in the world of tech.

0:28.8

So Apple earnings and see if you can detect a pattern here.

0:36.2

Q2 revenue was down 4% year on year. These are all year over year numbers.

0:41.4

Net income down 2% iPhone revenue down 10%,

0:45.6

iPad down 17%. The Wirables Home and Accessories category down 10%. China revenue

0:52.0

down 8.1%. the loan bright spots MAC revenue was up 4% and

0:56.8

revenue from services was up 14% to 23.9 billion in all-time record.

1:03.4

The stock jumped 5% overnight after Apple announced a $110 billion share buyback.

1:10.0

It's the largest share buyback ever.

1:12.2

But you get the message here, right?

1:13.2

This was the quarter that Apple's various revenue lines all hit the ceilings.

1:16.6

It looked like they were headed for them.

1:18.3

The numbers were slightly better than analysts expected.

1:21.0

And Apple is ever so slightly signaling that it thinks this quarter

1:24.4

could see revenue growth. Still quoting the journal. Apple is struggling on a

1:29.7

number of fronts. The company's single most important business, the iPhone has faced sluggish growth.

...

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