Friday, February 3, 2023

Apple says it earned $20.8B from 935M subscriptions last fiscal quarter

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By Christine Hall and Haje Jan Kamps

Friday, February 03, 2023

Friday, cha cha cha! Fri-day! Cha cha cha! We're doing a tiny, joyous, two-person conga line around our virtual Daily Crunch editorial Zoom meeting to celebrate the arrival of the first weekend in February. Yes, it looks ridiculous. No, we couldn't care less even if we took every ounce we had and poured into less-caring.

Couple of quick ones for startups: If you're going to MWC, we want to hear from you, and we want your votes for the TechCrunch Early Stage fireside chats, breakout sessions and roundtable discussions!

And for today's Black History Month recommendation, we suggest Michelle Alexander’s The New Jim Crow. It's an extraordinary read that, when it was published a decade ago, reignited the desire for criminal justice reform and is still as poignant and relevant today. — Christine and Haje

The TechCrunch Top 3

  • The Big Apple of subscriber bases: Apple may have missed its revenue target (see the Big Tech section) for its fiscal first quarter, but the consumer tech giant is poppin' bottles and tootin’ horns after announcing it now has 935 million paid subscriptions across all of its offerings. Ivan has more.
  • Who's at the door?: Christine got the scoop on Jokr's new funding round. The grocery delivery company secured around $50 million to give it a bump in valuation, up to $1.3 billion now. Jokr plans to use that funding to double down on its service in Brazil.
  • A tall order for some shorts: YouTube's persistence of getting everyone to watch shorts has paid off: Google says YouTube Shorts crossed 50 billion daily views, Ivan reports.

Startups and VC

TechCrunch Live is back, and Matt is thrilled to have hosted this conversation with Sameer Shariff, CEO and co-founder of Cambly, and Sarah Tavel, partner at Benchmark. During this hourlong event, you'll hear how Cambly used a failed Series A fundraise to force the company into a cash-positive position. Of course, once the company didn't need outside capital, it was suddenly available, and the company raised its next two rounds of funding.

And we have five more for you:

Pitch Deck Teardown: Laoshi's $570K angel deck

The founders of Laoshi raised a $570,000 angel round to scale up their app, which helps users learn to read and write in Chinese.

To help other very early-stage founders, they shared 15 slides from their deck:

  • Cover slide
  • Problem slide
  • Market slide
  • Solution slide
  • Competition slide
  • Road map slide
  • Team slide
  • Teacher growth slide
  • Teacher retention slide
  • Summary slide
  • "Contact us" slide
  • Appendices cover slide
  •  Appendix I: Viral effect slide
  •  Appendix II: Business model slide
  •  Appendix III: "The ask" slide

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

Pitch Deck Teardown: Laoshi's $570K angel deck image

Image Credits: Laoshi

Big Tech Inc.

For all you "Seinfeld" fans out there, Amanda came upon this gem on Twitch, the “Nothing, Forever" AI 'Seinfeld' spoof, which she notes, "We've all seen far too many AI-generated gimmicks, but the AI isn't what's most interesting about "Nothing, Forever." It's the community that's gathered around the stream, making the project feel like this generation's "Twitch Plays Pokémon." Enjoy!

Our team was on earnings overload, and now we have a nice collection of insights from Ford, Apple and Amazon:

Now here's some non-earnings items for your Friday enjoyment:

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Thursday, February 2, 2023

Hundreds of Salesforce workers laid off in January just discovered they were out of work today

TechCrunch Newsletter
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By Christine Hall and Haje Jan Kamps

Thursday, February 02, 2023

On the one hand, we could be upset that Punxsutawney Phil saw his shadow, but the sun hasn’t come out where Christine lives for several days, so she's pretty stoked that wherever Phil lives has a ray of sunshine or two. In other news, Haje has to move house due to a flooded apartment, weather is real, and perhaps it's time we start taking climate change seriously, y'all.

Meanwhile, for today's Black History Month recommendation, we're watching Angela Davis talking about how we can’t eradicate racism without eradicating racial capitalism.  — Christine and Haje

 image

Image Credits: Bloomberg / Getty Images

The TechCrunch Top 3

  • The List: Ron has been following the Salesforce layoffs announced last month and writes that although these were announced in January, some employees are just now finding out they are on the list. Ouch.
  • Grocery store going digital…currency that is: Reliance Retail, India's largest retail chain, is now accepting payments in digital rupees, known as Central Bank Digital Currency, Manish reports.
  • The password is…: Dashlane, a password management company, published its source code to GitHub, which Paul writes is one of the first steps the company is taking to provide transparency about its platform.

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Startups and VC

Lex, the hookup and social app that launched in 2019 with a nod to lesbian personal ads from the '80s, is changing. Only, precisely how much will change is still an open question, Harri writes. Sure, the venture-backed startup behind the queer app gave it a new lick of paint last week, but in refocusing on "friends and community," some users fear that Lex will also scrub away its beloved raunchy essence. “Keep Lex filthy,” the users are chanting.

The growing ease with which anyone can create convincing audio in someone else's voice has a lot of people on edge, and rightly so, Devin writes. Resemble AI's proposal for watermarking generated speech may not fix it in one go, but it's a step in the right direction.

Here's another bucket o' stories for your reading joy:

Optimizing freemium products: Challenges and opportunities

Offering a free sample in the hopes that the recipient becomes a paying customer is a core tactic at food courts, cosmetic counters, and inside software startups.

Freemium products are everywhere, but unless companies revisit and optimize their strategy, there’s no effective way to optimize conversions.

“Enabling freemium, especially for established products, can bring organizational and operational challenges even if it adds value to the business,” writes Konstantin Valiotti, product director of growth at PandaDoc.

In this article, he presents strategies for optimizing:

  • User activation
  • Conversion paths
  • Product changes
  • Where to place barriers and limitations

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

Read More

Optimizing freemium products: Challenges and opportunities image

Image Credits: Richard 0rury / Getty Images

Big Tech Inc.

Samsung, Google and Qualcomm are poised to take us in and out of reality, Ivan writes. The trio is making a mixed-reality platform that Qualcomm's Cristiano Amon described as "a new era of highly immersive digital experiences that blur the line between our physical and digital worlds. With our Snapdragon XR tech, Samsung's amazing products, and Google experiences, we have the foundation to make this opportunity a reality."

As a follow-up to his Apple HomePod review, Brian spoke to the company's hardware VP, Matthew Costello, to discuss Apple's approach of "if it ain't broke, don't fix it.”

There's going to be six more weeks of winter, so how about six more stories?

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

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Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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