Kif Leswing / CNBC:
Sensor Tower: Apple’s App Store net revenue fell by around 5% in September, the steepest drop since 2015, as gaming revenue declined by 14% — – Apple’s App Store revenue declined about 5% in September, according to Morgan Stanley, the steepest drop since the bank started modeling the data in 2015.
Kyle Wiggers / TechCrunch:
IriusRisk, which offers companies an automated threat modeling platform, raised a $29M Series B led by Paladin Capital, bringing its total funding to ~$40M — IriusRisk, a threat modeling platform, today announced that it raised $29 million in a Series B funding round led by Paladin Capital Group …
Ryan Browne / CNBC:
Crypto lender Nexo buys a stake in the parent of Summit National Bank, a US regulated bank, paving the way for it to offer US licensed banking services — – Cryptocurrency lender Nexo said it has agreed to buy an undisclosed stake in Hulett Bancorp, which owns a little-known bank called Summit National Bank.
Kif Leswing / CNBC:
In an email to developers, Apple says that new App Store ad placements will be available for the 2022 holiday season — – Apple is planning to release new ad “placements” as soon as the holiday season of this year. — The new ad units represent a significant expansion in Apple’s advertising inventory …
Kif Leswing / CNBC:
Nvidia reports Q3 revenue down 17% YoY to $5.93B, vs. $5.77B est., including Data Center revenue up 31% YoY to $3.83B and Gaming revenue down 51% YoY to $1.57B — – Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.
Sarah Perez / TechCrunch:
Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; app saw 12.6M global installs in Dec. so far, up 600% from last 11 days of Nov. — Lensa AI’s popularity has had a notable impact on the App Store’s Top Charts. The popular photo and video editing app recently went viral …
Kif Leswing / CNBC:
Apple stock closes up 7.56%, its best day since April 2020; it was the second-best performing stock in the Dow Jones Industrial Average behind Intel on Friday — – Apple stock rose 7.5% on Friday, a day after it reported September quarter earnings that modestly beat expectations on revenue …
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