Apple blames coronavirus for revenue miss – TechCrunch

Apple says the coronavirus outbreak will damage its manufacturing and gross sales, Jeff Bezos makes an enormous dedication to combating local weather change and SpaceX launches extra Starlink satellites. Right here’s your Each day Crunch for February 18, 2020.

1. Apple will miss income forecast as coronavirus impacts its manufacturing and gross sales

In a letter to traders, Apple mentioned that it “do[es] not expect to meet the revenue guidance we provided for the March quarter” as a consequence of impacts stemming from the coronavirus that has shuttered massive components of China, and is reverberating via the worldwide financial system.

As China’s return to work has proved halting, and the coronavirus itself extra intractable than some anticipated, the corporate’s change in steerage is sort of unsurprising — however that hasn’t stopped Apple’s inventory value from falling this morning.

2. Jeff Bezos introduced a $10 billion fund to battle local weather change

Jeff Bezos introduced on Instagram that he’s making a $10 billion fund to fight local weather change. He mentioned the Bezos Earth Fund will finance “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”

3. SpaceX efficiently launches 60 extra Starlink satellites however misses booster touchdown

SpaceX has launched a batch of 60 Starlink satellites into orbit, marking its fifth general launch of a bunch of 60 of the small spacecraft, and its third this yr alone. This launch brings the full Starlink constellation to 300 satellites in orbit, extending SpaceX’s lead as the most important industrial satellite tv for pc operator on the earth.

4. Redbox enters the free, ad-supported streaming market

Oddly, Redbox Free Reside TV isn’t reside in any respect — no less than, not in the way in which that you simply’d get with a TV streaming service like YouTube TV or Hulu with Reside TV. As a substitute, it provides a curated set of ad-supported films and TV reveals, just like The Roku Channel, IMDb TV or TiVo Plus.

5. How TikTok decides who to make well-known

The co-founders of video startup Trash take a deep dive into the TikTok ecosystem, notably its in depth content material moderation. (Further Crunch membership required.)

6. Atomico raises new $820M fund to again ‘mission-driven’ European founders at Collection A and past

The London-headquartered VC agency’s earlier fund closed at $765 million, so this is a rise over three years in the past. Nonetheless, the remit stays largely the identical. Atomico says it plans to double down on its technique of backing “mission-driven” European founders at Collection A, however with the power to spend money on what it calls “breakout” corporations on the Collection B and C stage.

7. Black haircare startup Naza Magnificence simply raised $1 million from Alexis Ohanian’s Initialized Capital

At its most simple stage, it’s like Drybar — with a menu of kinds — however for ladies of shade. On the tech aspect, Naza’s software program features as a reserving and funds platform, which additionally learns the kinds of every buyer after which makes product suggestions.

The Each day Crunch is TechCrunch’s roundup of our largest and most essential tales. Should you’d wish to get this delivered to your inbox day-after-day at round 9am Pacific, you may subscribe right here.

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