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š Big Tech Earnings SZN (Again)
Apple, Meta, and Coinbase
Gm. I changed my X profile picture. Drippy or nah?
ā Stephen Flanders
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š TECH
Big Tech Checks In (Again)

If this article seems familiar, thatās because I wrote something similar last week for Microsoft, Snap, and Alphabet.
But todayās a new day with new information. Specifically, earning reports from tech giants Apple, Meta, and Coinbase.
So, hereās big tech checks in, the remix.
Apple
Appleās earnings were a mixed bag:
Revenue of $89.5B vs $89.28B expected.
EPS of $1.46 vs $1.39 expected.
iPhone revenue of $43.81B vs $43.81B expected.
Mac revenue of $7.61B vs $8.63B expected.
iPad revenue of $6.44B vs $6.07B expected.
When you combine the facts that sales dropped for the 4th quarter in a row, the Mac just isnāt selling like it used to, and Apple forecasted a weak next quarter, then you end up with shares dropping over 3% in extended trading, even with the revenue beat.
Meta
While the boys in Cupertino ride the struggle bus a bit, the fightinā Zucks are digging themselves out of the grave:
Revenue of $34.15B vs $33.56B expected.
EPS of $4.39B vs $3.63B expected.
DAU, MAU, and ARPU (Average Revenue Per User) all meeting or exceeding expectations.
With revenue increasing 23%, itās Metaās fastest growth quarter since 2021. However, itās not all sunshine. Reality Labs, Metaās VR department, lost $3.74B, bringing its losses to $25B since the start of last year, and the forecast for next quarter is a bit weak due to anticipated ad softness in the Middle East.
Coinbase
The USās flagship crypto exchange logged a decent quarter:
Revenue of $674.1M vs $650.9M expected.
EPS of -$0.01 vs -$0.55 expected.
Trading volume of $76B vs $80.1B expected.
Transaction revenue of $288.6M, down 12% from the $327M the previous quarter.
Basically, Coinbase is absolutely raking it in on stablecoin interest earnings, which have enabled it to beat revenue expectations even with trading volume declining. Whenever that trading volume goes back upā¦sheeeesh.
The Big Picture: We still have a long way to go to reach 2021 highs, but things are moving in the right direction.

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š¤ THE LATEST INā¦
TECH
The M3 MacBook is (unsurprisingly) faster.
Starlink is now breakeven.
Apple just wonāt give up its healthcare dreams.
Hereās a rare look at Googleās most lucrative search queries.
AI
Small models keep getting better.
Need a new job? Donāt fear, LinkedIn now has AI tools.
A new AWS service lets you rent Nvidia GPUs for quick AI projects.
Instagram is working on a customizable AI friend, because thatās what we all want out of Instagram.
SCIENCE
The commercial spaceplane might actually become a reality.
A groundbreaking study reversed aging in rats, because everyone wants more rats.
Lab-on-a-chip accurately identifies viruses within 3 minutes.
This blood test can detect cancer before symptoms appear.
CRYPTO
Futures on Coinbase are now live.
SafeMoonās CEO and CTO were arrested by the DOJ for fraud.
PayPal received an SEC subpoena over its stablecoin.
SBFās going to jail.

šāāļø QUICKIES
Raise: Sky Labs has raised $15M in Series C funding to advance its ring-type cuffless blood pressure monitor.
Stat: $1.4B: How much Amazon made off āProject Nessieā, its price-raising algorithm. For that much profit, I might have done the same.
Rabbit hole: The People Who Ruined The Internet (The Verge)

š ļø FOUNDERS CORNER
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š FINAL JEOPARDY!
This Final Jeopardy! question stumped every contestant. Can you get it right?
Category: Nameās The Same
Clue: This first name is shared by a character introduced in 1941 and a member of royalty who is sixth in line to the British throne.

š DOPAMINE HIT
Lord bring me back as a boomer.
@camerondonnelly78 #fyp #foryou #dadsoftiktok #viral #boomers #makemoney #richboomers #funny

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FINAL JEOPARDY! ANSWER
Archie.