Heavy spending and weak guidance worry investors.
Amazon surprised the market with a bad miss on earnings, and investors punished the stock with a 5 percent beatdown. Net sales were up 29 percent YoY and the cloud services business is booming, but spending is high and Q4 guidance is weak. — [Jason Del Rey / Recode]
Apple rolled out upgraded, thinner, lighter MacBook Pros, and as expected, the headline feature was the multi-function Touch Bar above the keyboard. It also unveiled its all-in-one (with some notable gaps) video guide app, simply called TV. — [Dan Frommer / Recode]
Google parent Alphabet reported revenue and earnings that topped expectations, with gains in ad sales offsetting spending on its “other bets.” And apparently Google is okay with seeing the folks behind Pokémon Go and self-driving trucks succeed outside the company. — [Mark Bergen / Bloomberg]
Under new FCC privacy rules, internet service providers must get the explicit consent of subscribers before sharing their web browsing or app usage data with third-party marketers. — [April Glaser / Recode]
With its $47 billion acquisition of NXP Semiconductors, Qualcomm will shift its focus from the slowing phone-chip market to the fast-growing business of supplying the chips that go into smarter cars. — [Ian King / Bloomberg]
On the latest episode of Too Embarrassed to Ask, Recode’s Kara Swisher and Lauren Goode of The Verge look for a well-designed app for runners and come up empty. — [Eric Johnson / Recode]
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This Is Cool
The next best thing to being there: A leisurely tour through the ISS, shot in 4K video using a fisheye lens for extreme focus and depth of field.