Verge Staff

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Apple, Meta, Google, and more report how their companies are performing.

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Tech

Who’s making money in Big Tech?

Across the tech world, companies are still feeling pressure from some mixture of a rocky economy and their unexpectedly severe hangovers from the pandemic. Late last year, sales growth hit the brakes, and tens of thousands of newly hired employees suddenly found themselves at workplaces that weren&rsquo;t seeing rocket-like growth. What followed next was layoffs, slashed product lines, and lots of contrite statements from executives as companies looked to steady their balance sheets and prove to investors that they were back on track to long-term growth.
As the tech world and beyond begin to report earnings for the start of 2023, we&rsquo;re looking to see what happens next. Big companies like Meta, Amazon, and Microsoft will be asked to speak to what shape their companies take with their reduced headcount &mdash;&nbsp;and how long they expect it to be before business picks back up.

Meta’s future is AI, AI, and more AI

Disney will bring Hulu content into Disney Plus and raise its ad-free prices

Warner Bros. Discovery’s streaming business turned a profit for the first time.

Apple’s latest earnings show the Mac slumping and services soaring

Peloton would like to remind everyone it’s more than a bike company

Paramount Plus is still growing.

Amazon is working on an improved LLM to power Alexa.

Amazon had a good quarter.

Peacock added two million paid subscribers last quarter.

“AI” was mentioned more than 200 times on earnings calls by Meta, Microsoft, and Alphabet this week.

Samsung loses billions on chips as overall profits decline 95 percent

Mark Zuckerberg says Meta wants to ‘introduce AI agents to billions of people’

Roku OS remains the top-selling smart TV platform in the US.

Verizon plans to speed up rural 5G service later this year

Look forward to news on AI, Pixel devices, and Android at Google I/O.

Google’s search business is feeling the heat

Microsoft Q3 2023: Windows, devices, and Xbox down again

Spotify promises not to ‘overpay’ for podcasts

Spotify’s CEO is “disappointed but not surprised” by the Apple–Epic ruling.

GM is ending Chevy Bolt EV and EUV production at the end of the year

Spotify passes 500 million monthly active users for the first time

Elon Musk again promises full self-driving “this year.”

Elon Musk announces Tesla Cybertruck delivery event in third quarter of 2023

Tesla’s rampant price cutting is taking a toll on its profits

25 years later, Netflix finally won

Netflix delays its password-sharing crackdown to sometime before July

RIP Qwikster (September 19th, 2011  — October 10th, 2011).

Netflix is shutting down its original DVD business after 25 years

Who’s making money in Big Tech and beyond?

The Apple Watch Series 12 is the start of a new wearable era

The 2.5-hour AI-generated Odyssey movie is 2.5 hours too long

Inside the suddenly explosive world of AI safety

The iPhone 18 Pro’s big camera update is all about the small gains

Microsoft AI CEO says AI threats are real, and Anthropic is making it worse

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