el producto #212

🎰 The week in figures

$37B: TikTok owner ByteDance generated $37B in revenue last year, more than double its 2019 revenue; ad sales reportedly offset the impact of a TikTok ban in India and US attempts to block the app; ByteDance reportedly generated $7B in operating profit in 2020, up from ~$4B in 2019

📈 Q4 financials

Apple ($2.39T market cap) FQ1 beats: $111.44B revenue ($103.28B expected); $1.68 EPS ($1.41 expected); $65.6B iPhone revenue; $8.68B Mac revenue; $8.44B iPad revenue; $12.97B revenue from other products; $15.76B services revenue, up 24% YoY; 39.8% gross margin; Tim Cook noted that pandemic-related retail store closures impacted sales

📰 What’s going on

Google is redesigning search results on mobile to reduce clutter and make it easier to rapidly scan the page; the company said the new design would intentionally use color to highlight information, and feature larger, bolder text

👩🏾‍💻 Good reads

Tim Cook criticizes engagement-focused business models, data exploitation and misleading users, saying companies engaged in such cause polarization, loss of trust, and violence; Cook made the comments while speaking about consumer privacy and security during his remote keynote for the Computers, Privacy and Data Protection conference

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Angel Jaime

Angel Jaime

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Full-time learner, product stuff, “triathlete” & global traveller. CPO @ Yayzy, frmr Product Leader @ Revolut, @ Booking.com and @ Just Eat.