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Apple thinks the new iPhones it rolls out this fall will be a big hit. That’s the takeaway from Apple’s fiscal Q3 earnings, which suggest that Apple is very confident about its Q4 report, which should include sales of new phones in September. Also of note: Apple’s services business — which includes App Store revenue — is growing really fast. And iPad sales are up for the first time in three years. [Dan Frommer, Rani Molla / Recode]
Podcast creator/network Gimlet Media raised $15 million, and is worth $70 million. Those are modest numbers by current media funding standards, but it’s a big deal for the podcast industry, which is fast-growing but nascent. [Peter Kafka / Recode]
SoundCloud is raising another round of funding from Raine Group and Temasek Holdings, in an attempt to stabilize the music streaming service. SoundCloud has been having money problems for a long time, so this may not be the last one of these. [Lucas Shaw / Bloomberg]
Facebook is working on its own video chat device, because why not? It’s also working on its own version of Amazon’s Echo smart speaker. See above. [Mark Gurman, Sarah Frier / Bloomberg]
Verizon and AT&T are the biggest mobile networks, and the slowest mobile networks. That’s not a coincidence. Blame the new push to unlimited data plans. [Rani Molla / Recode]
Recode Presents
Pinterest and Dia&Co are bringing window shopping to the digital era. If Pinterest surpasses $500 million in revenue this year, President Tim Kendall will be a big reason why. His job is to make money from Pinterest’s 175 million users by convincing advertisers the company can build brand awareness and produce great direct-response results. Meanwhile, Dia&Co is bringing the world of fashionable clothing to the two-thirds of American women who wear size 14+. Hear what both have to say about the future of online retail at Code Commerce in New York City, Sept 13-14.
Top Stories From Recode
Two U.S. lawmakers think the government has a new cybersecurity problem: The Internet of Things.
And they’ll introduce a bill on Tuesday, they told Recode, to try to fix it.
Tech companies fear repercussions from a new bill in the U.S. Congress to combat human trafficking.
Amazon, Facebook and Google fear they’d face more legal liability for what their users post.
500 Startups’ Christine Tsai responds to sexual harassment allegations for the first time since McClure’s ouster.
Christine Tsai calls these days a “confusing, emotional time.”
This is Cool
What happened when I replied “Call me” to every email I got for a week
Pretty good Rorschach test: For some of you, the notion of replacing emails with actual, live phone calls sounds like torture. For others, it may represent a delightful retreat to yesteryear. Either way, you’ll cut down on your emoji usage. [Allen Gannett / Fast Company]
This article originally appeared on Recode.net.
