Daily Crunch: Mac sales down 10%, iPhones up 3% - Breakdown of Apple's quarterly figures
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Hello, wonderful specimens of humanity! It's Friday, and I'm writing this from the hammock of my sunny North Oakland backyard, so life isn't so bad. (I can only assume that WFH stands for Work From Hammock).
This weekend, set aside some time to apply for our Startup Battlefield 200. It gives you the chance to exhibit your startup for free at TechCrunch Disrupt in October and win the $100,000 prize. Applications close August 5th, so get started!
Hello, and see you next week! — Haje
TechCrunch's top 3 You already look chipper: Brian went through the CHIPS Act through the government process. Today, the CHIPS Act dodged last-minute attempts by the House GOP leadership to derail its passage and will then be on its way to the POTUS office. On TC+, Haje wonders if passage of the CHIPS Act could kick off another US startup renaissance. Like YouTube, but shorter: TikTok and Instagram Stories have eaten away at YouTube's numbers, and the Google-owned giant doesn't like it. The video platform has just released an authoring tool that can turn YouTube videos into shorts in moments, reports Sarah. Another bite from Apple: Apple's third-quarter earnings were mixed, but iPhone revenue bucked the trend (even as smartphone shipments are down globally), with an increase 3% of year-over-year revenue, Brian reports. Apple's IT division took a 10% discount to last year's performance. Startups and VCsIt's all in the world of insurance. Mary Ann reports that Lemonade acquired Metromile and quickly laid off about 20% of its staff. Makes sense, of course, in a world where there's probably a lot of administrative and operational overlap between the two companies, but it's always sad to say goodbye to beloved colleagues.
And don't miss Aria's article on how the exploration company is developing an all-new reusable orbital spacecraft. “The [space] exploration ecosystem is going to change dramatically over the next 10 to 15 years,” explained co-founder and CEO Hélène Huby. "If you can do that, you have the huge advantage of being one of the first to market."
A few more nuggets to get you into the weekend:
Taking the fun out of it all: A startup charges $1.99 to write strings to power platforms like DALL-E, and I despair for humanity. Come on, that's half the fun! No thanks at all to Kyle for making me boil with confused anger this afternoon. Shake. Making it rain in Africa: Zedcrest Capital, a firm known for its investments in the debt and equity capital markets, but which has recently begun to venture into venture capital investments, has launched a
Get a summary of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 p.m. PDT, register here.
Hello, wonderful specimens of humanity! It's Friday, and I'm writing this from the hammock of my sunny North Oakland backyard, so life isn't so bad. (I can only assume that WFH stands for Work From Hammock).
This weekend, set aside some time to apply for our Startup Battlefield 200. It gives you the chance to exhibit your startup for free at TechCrunch Disrupt in October and win the $100,000 prize. Applications close August 5th, so get started!
Hello, and see you next week! — Haje
TechCrunch's top 3 You already look chipper: Brian went through the CHIPS Act through the government process. Today, the CHIPS Act dodged last-minute attempts by the House GOP leadership to derail its passage and will then be on its way to the POTUS office. On TC+, Haje wonders if passage of the CHIPS Act could kick off another US startup renaissance. Like YouTube, but shorter: TikTok and Instagram Stories have eaten away at YouTube's numbers, and the Google-owned giant doesn't like it. The video platform has just released an authoring tool that can turn YouTube videos into shorts in moments, reports Sarah. Another bite from Apple: Apple's third-quarter earnings were mixed, but iPhone revenue bucked the trend (even as smartphone shipments are down globally), with an increase 3% of year-over-year revenue, Brian reports. Apple's IT division took a 10% discount to last year's performance. Startups and VCsIt's all in the world of insurance. Mary Ann reports that Lemonade acquired Metromile and quickly laid off about 20% of its staff. Makes sense, of course, in a world where there's probably a lot of administrative and operational overlap between the two companies, but it's always sad to say goodbye to beloved colleagues.
And don't miss Aria's article on how the exploration company is developing an all-new reusable orbital spacecraft. “The [space] exploration ecosystem is going to change dramatically over the next 10 to 15 years,” explained co-founder and CEO Hélène Huby. "If you can do that, you have the huge advantage of being one of the first to market."
A few more nuggets to get you into the weekend:
Taking the fun out of it all: A startup charges $1.99 to write strings to power platforms like DALL-E, and I despair for humanity. Come on, that's half the fun! No thanks at all to Kyle for making me boil with confused anger this afternoon. Shake. Making it rain in Africa: Zedcrest Capital, a firm known for its investments in the debt and equity capital markets, but which has recently begun to venture into venture capital investments, has launched aWhat's Your Reaction?
