Re/code Daily - The Apple Growth Machine Is Slowing Down - Jan 27, 2016

Read Now  • For the first time since it introduced the iPhone, Apple's phone sales are slowing down. Smartphones account for two-thirds of the company's revenue, which is largely why the company came in under Wall Street projections. Tim Cook told investors that he remains bullish on the company's phone business and its prospects in China, and that he doesn't believe virtual reality is a "niche" area. In all, the company reported a record $18.4 billion in net income, and its stock fell about 2.5 percent in after-hours trading. [Dawn Chmielewski | Re/code] • Ex-Twitter product chief Kevin Weil, who was among the many senior executives that recently left the company, is headed to run product at Facebook-owned Instagram. Twitter is still filling out senior positions amidst the tumult; Jack Dorsey hired a new CMO away from American Express, and the company is eyeing an Apple exec for the top PR job. [Kurt Wagner | Re/code] • In Samsung's earnings numbers, Wall Street is expecting an 8.5 percent decrease in net profit from the year before. Investors are especially curious about how the company will manage its slowing chip business and details of the new smartphone strategy under a recently appointed executive. [Min-Jeong Lee | The Wall Street Journal] • Facebook reports its earnings today. The company likely won't share anything about Instagram ad revenue or Oculus Rift sales numbers, which means its earnings report will cover the same thing it usually does: How much money Facebook makes from each Facebook user. [Kurt Wagner | Re/code] • A common theme among this week's earnings reports -- from Apple to 3M -- is that the expensive dollar makes it harder for firms to generate profits abroad. This also poses a challenge for the Federal Reserve, which wants to continue incrementally raising interest rates without futzing with currency markets. [Ben Eisen and Min Zeng | The Wall Street Journal]  Top Stories From Re/code  Policy Donald Trump Bails on GOP Debate After Consulting (and Ignoring) Twitter By Dawn Chmielewski Trump has been railing against the participation of moderator Megyn Kelly. Enterprise VMware Falls on Reduced 2016 Guidance, Executive Shake-Up By Arik Hesseldahl The company confirms it has cut about 800 jobs, mostly in its cloud computing service. A bright spot: Networking. Mobile AT&T Adds 2.8 Million Customers but Wireless Revenue Falls By Ina Fried Overall revenue and earnings were in the ballpark of what analysts were expecting. Voices Winning the 21st Century Cyberspace Race By Ben Carson, Republican Candidate for President What America needs now, says the presidential candidate, is a new "moon shot" and the establishment of a National Cyber Security Administration. Enterprise ‘Enterprise Is Sexy’: Why Alchemist Thinks It Can Be the Y Combinator for Boring Startups By Noah Kulwin Often, the most lucrative customers are other companies. Social El Bloombito Is Back! Michael Bloomberg’s Spanglish Satirist Speaks. (Q&A) By Dawn Chmielewski "I've always said, I'll do it with El Bloombito until I don't want to do it anymore. If he becomes president, I'll do it a bit longer." Media Mike Bloomberg Is Worth $49 Billion, Much More Than Most People Thought By Edmund Lee Who's counting? Billionaires.  This Is Cool  Some Smart Thoughts on Why Facebook Beat Twitter In 2013, before it went public, Twitter had a user growth problem. In 2016, that nagging issue has become one of the central dramas of the company. If you're curious about all the things Facebook got right that Twitter didn't, Ben Thompson has a thorough rundown. Hint: If you do algorithms right, they can pay off in a big way. Read more Re/code Daily here! Your friends can also receive Re/code Daily! They can sign-up for FREE here. For Reprints and Permissions, click here. |  News  |  Podcasts  |  Events  | Follow Us: You are receiving this email because you subscribed to Re/code Daily. If you would like to unsubscribe, click here. Mailing Address: Re/code – PO Box 1830, Morgan Hill, CA 95038 Copyright © 2015 Vox Media, Inc.

 

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