Welcome to the Tech Mem Right Home for Friday, August 4th, 2023. I'm Brian McCullough

today. Apple and Amazon earnings make me wonder if the law of large numbers is dead.

Coinbase is willing to argue over what the definition of is, is,

threads continues its precipitous decline, the weekend long read suggestions of course,

and be sure to listen to the end of this show for some big big show news

biggest news in a while among other things why haven't there been bonus episodes for

a while where has Chris been listen to the end of this show, all will be revealed.

Apple Earnings Report, Revenue came in largely in line with estimates, but it's worth noting that this is the third quarter in a

row now where Apple has seen their revenue actually decline it was down 1.4

percent year over year this quarter one bright spot for Apple revenue grew 7.9 percent in

China with iPhone sales up double digits there and from the various product lines

iPhone revenue was down 2.4%,

Mac revenue down 7.3%,

iPad revenue down 19.8%,

but Wirables Home and accessories

was up 2.5%, also up the services segment, which includes Apple TV Plus and Apple Music, which grew 8.2 percent year over year to a record 21.2 billion dollars in revenue driven by more than 1 billion paid subscriptions.

Amazon Q2 Revenue was up 11% year over year to 134.4 billion dollars. They scored

6.7 billion in net income versus a 2 billion dollar net loss in Q2 of 2022 the AWS segment sales were up 12% year over year to

22.1 billion but here's the thing and this kind of ties in to the Apple

conversation as well quite frankly in Q2 Amazon's ad revenue their

ads business was up 22% year over year to 10.68 billion dollars and

their subscription revenues were up 14% to $9.89 billion. So that's roughly

...