Early iPad app downloads dominated by media offerings
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The media business is in tumult: from the production side to the distribution side, new technologies are upending the industry. Keeping up with these changes is time-consuming, as essential media coverage is scattered across numerous web sites at any given moment.
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Apple reports Q1 revenue down 5% YoY to $117.2B, marking its largest annual quarterly revenue decline since 2016, and net income down 13% YoY to $30B
Alphabet reports Q4 revenue up 1% YoY to $76B, net income down 34% YoY to $13.6B, Google Cloud revenue up 32% YoY to $7.3B, and employees up 22% YoY to 190,234
Mark Gurman / Bloomberg:
Sources: Apple decided not to replace departing VP of Industrial Design Evans Hankey; its group of ~20 industrial designers will report to COO Jeff Williams
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