Apple’s App Store Had 78% Profit Margin in 2019, Documents Show
Apple’s actual App Store profit figures remain under seal.
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Recent Editions
Roughly a Third of Basecamp to Leave in Buyouts
About a third of employees at Basecamp will accept buyouts and leave the company, after a tumultuous week for the software maker.
Andreessen Horowitz Plots $1 Billion Crypto Fund
VC firm Andreessen Horowitz plans to raise $1 billion to invest in crypto startups.
TikTok Announces New CEO, COO
Vanessa Pappas, who has been serving as the interim leader of TikTok, will become the company’s COO.
Roku Removes YouTube TV as Dispute Escalates
The conflict shows how old-fashioned carriage disputes between cable operators and entertainment companies have carried over into the digital age.
Europe Alleges Apple’s App Store Breaches Competition Law
The European Commission announced on Friday that Apple abused its market position around the rules of the app store.
Alibaba Freezes Senior Executive Pay Raises
The Chinese e-commerce giant is offering bigger salary increases to its junior staff to prevent them from leaving amid a government crackdown.
Beijing to Investigate Energy Consumption of Crypto Mining
About 75% of the world’s bitcoin is still mined in China despite government crackdowns on the energy-guzzling industry.
China Orders Internet Firms to Fix Problems in Fintech Businesses
The move is part of Beijing's effort to strengthen its supervision of online financial services.
AWS Reports Highest Quarterly Sales Growth Since 2018
Improved revenue growth may be the result of earlier decisions to double the size of the AWS sales force and appoint senior leaders from outside.
IBM Acquires Cloud Management Startup Turbonomic
The deal shows how IBM's strategy for supporting customers that run applications on multiple providers is coming into sharper focus.
Amazon Reports Record Quarterly Profit, Trouncing Expectations Once Again
The pandemic-era surge in online shopping shows no signs of stopping.
Twitter’s Revenue Climbs 28% but User Growth Slows
Social media company's shares fall after earnings announcement
NBCU Has 14 Million Households Watching Peacock
The company disclosed that about one-third of the accounts that have signed up are households watching the service regularly.
China’s Government Prepares Antitrust Fine for Tencent
It would be the latest example of how Beijing is tightening its control over China's biggest internet giants.
Apple Reports 54% Revenue Increase for March Quarter
The results suggest Apple has broken out of a long period of tepid growth, helped by a strong acceleration of iPhone sales.
Verizon Seeks Sale of Media Assets
A deal could fetch around $4-$5 billion, around half of what the company paid for Yahoo and AOL.
Facebook Revenue Grows 48% as Ad Prices Increase
Ad revenue growth is expected to “be primarily driven by price” for the rest of the year.
HBO Max to Cost $9.99 With Ads
The new tier will make the service the most expensive ad supported offering on the market.
Shopify Doubles Revenue in Q1
The Canadian e-commerce software platform had another strong quarter and its results were also boosted by an unrealized gain on its stake in Affirm, which went public in the quarter.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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