As expected, Apple posted another quarter of declining sales and its first drop in annual revenue since 2001, but it forecast a modest rebound for the holiday quarter. Apple also saw a steep drop in its China business, but expects the iPhone 7 to turn things around there. — [Ina Fried / Recode]
Recode Daily: Apple’s sales slipped again, but the holiday season looks brighter
The quarterly results were largely in line with expectations.
Justin Sullivan/Getty Images
Craig Barratt, the head of Google’s high-speed broadband Fiber business, is stepping down as the unit halts rollouts to new cities and prepares layoffs. — [Kara Swisher / Recode]
Regardless of the numbers Twitter reports on Thursday, investors will need to hear some kind of plan to deal with its slow growth and the prospect of remaining a stand-alone company. — [Kurt Wagner / Recode]
At Recode’s Code Commerce event, Facebook commerce chief Mary Ku said the social network isn’t concerned with making money from its shopping services — yet; venture capitalist Kirsten Green described picking e-commerce winners that focus on the customer experience; and John Collison, co-founder of payments startup Stripe, said it’s still too hard to sell stuff online. — [Recode]
The next Code Commerce event will be Dec. 6 in San Francisco, and speakers will include Square’s Jack Dorsey, Apple Pay’s Jennifer Bailey and Wish CEO Peter Szulczewski. Apply now for an invitation. — [Jason Del Rey / Recode]
AT&T’s online-only DirecTV Now package will cost $35 a month and offer more than 100 channels when it launches next month, but CBS still isn’t on board. — [Peter Kafka / Recode]
The headliners at this morning’s Microsoft event (7 am PT; livestream here) are expected to be Windows 10 updates, a new Surface all-in-one PC and just maybe a “Home Hub” to compete with Amazon’s Echo. — [Tom Warren / The Verge]
On the latest episode of Recode Decode, hosted by Kara Swisher, former AOL exec Ted Leonsis talks about the ill-fated $164 billion deal that created AOL Time Warner in 2000 — a deal that he says derailed AOL’s momentum. — [Eric Johnson / Recode]
Top Stories From Recode
Policy makers are starting to ask questions.
The laptop is expected to be introduced at an event on Thursday.
The 10-year-old remains in critical condition.
2016, man.
The move comes ahead of the new open enrollment season, which begins Nov. 1.
Q&A: It’s all about FANGAS (Facebook, Apple, Netflix, Google, Amazon and Snapchat).
It’ll go on sale next year to Google apps customers for “under $6,000.”
Before Jackson’s “nip slip,” Richman says on Recode Media, online video never worked.
Loyalists are only grudgingly returning their recalled devices.
Political discussions on social media are less respectful and more angry, a new study found.
Ad revenue could decline next quarter, even with ad money from streaming games.
This Is Cool
All 10,000 weird, wonderful and just plain interesting sites around the world, from the Icelandic witchcraft museum to the tree goats of Morocco.
This article originally appeared on Recode.net.
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