Good morning! Here’s the tech news you need to know this Wednesday.
1. Apple stock fell 8% after the company released its Q2 earnings. iPhone sales fell for the first quarter in the device’s history.
3. Nokia is buying French wearables company Withings for $191 million (£131 million). The company makes fitness trackers, smart bathroom scales, and a range of other devices.
4. Ant Financial, a Chinese fintech company that is partly owned by the chairman of e-commerce giant Alibaba, has raised a $4.5 billion (£3.1 billion) funding round. It’s the biggest individual tech funding round ever.
5. London startup Yieldify has been hit with a second lawsuit from competitor Bounce Exchange. The company is again alleging that Google-backed Yieldify copied its code.
6. Apple is facing further delays on a proposed €850 million (£659 million) data centre in Ireland. Appellants have called on a local planning body to hold an oral hearing around environmental and power consumption issues.
7. Jeff Bezos, Tim Cook, Larry Ellison, Mark Zuckerberg and many others sent a letter to the US government over teaching kids to code. They want Congress to provide $250 million (£171 million) in federal funding to support the issue.
8. Twitter CFO Anthony Noto hinted that he’s itching to spend company’s $3.5 billion (£2.4 billion) on “game changing” acquisitions. He made the comments during Twitter’s Q1 conference call.
9. Google, Ford, Uber, Volvo, and Lyft are forming a coalition to push for action to help speed self-driving cars to market. The group said it will “work with lawmakers, regulators, and the public to realise the safety and societal benefits of self-driving vehicles.”
10. Apple Music now has 13 million paying subscribers, up from 11 million in February. Spotify, by comparison, had 30 million paying users in March.