Items tagged with tim cook

Market research firm IDC put a damper on the smartwatch category noting that basic wearables such as fitness bands are taking over as the wrist accessory of choice among consumers. It also predicted that Apple's success in the smartwatch sector going forward "will likely be muted" as it comes off a down quarter with year-over-year decline in Apple Watch sales. If that's the case, then why is Apple CEO Tim Cook so high on the smartwatch category?Simply put, Cook views IDC's assessment of the category as being flat out wrong."Sales growth is off the charts. In fact, during the first week of holiday... Read more...
It’s no secret that President-elect Donald Trump is not a fan of U.S. manufacturers using overseas labor to build their products. Trump has been angling to stop Carrier from exporting American jobs, and he has railed against Ford for moving jobs to Mexico. Trump has also made Apple — one of the world’s most profitable companies — a target of his attacks. “I was saying, make America great again, and I actually think we can say now, and I really believe this, we're gonna get things coming,” said Trump in January. “We're gonna get Apple to start building their damn computers and things in this country,... Read more...
Apple may be an American company, but the bulk of its products (save for the long-neglected Mac Pro, which is assembled in the United States) are manufactured in China. The relatively low cost of labor, coupled with premium pricing for devices like the iPhone, has allowed Apple to become one of the most profitable companies in the world. However, according to a new report from the Nikkei Asian Review, during the past year, Apple has at least explored the idea of manufacturing the iPhone in the United States. According to a source for the publication, “Apple asked both Foxconn and Pegatron, the... Read more...
There are a handful of truly influential companies, firms that have changed the world and continue to do so. Apple is one of them, so when Apple CEO Tim Cook talks about the next big in technology, there's good reason to listen, even if you don't agree with what he's saying. During a recent question and answer session with Republican Senator Orrin Hatch in Utah, one of the things Cook talked about was augmented reality and its path to mass adoption. Whatever your feelings about Apple, few would disagree that it's a major driver of consumer culture. Apple helped popularize the PC as a home appliance... Read more...
Image Source: Flickr (William Murphy) Apple is on the hook for 13 billion euros (around $14.5 billion in U.S. currency) in back taxes owed to Ireland after the European Union ruled the company had dodged its tax obligations by taking advantage of a loophole. Naturally Apple isn't happy about the ruling. Apple chief executive Tim Cook got so riled up about the situation that he dropped a C-bomp, calling the ruling "total political crap." "I think we'll work very closely together, as we have the same motivation. No one did anything wrong here and we need to stand together," Cook told Irish Independent... Read more...
Ah, to be the CEO of a multi-billion dollar corporation, wouldn't that be the life? Oh sure, there are daily stressors that come with the territory, but so does a lopsided compensation package. Apple CEO Tim Cook knows this better than most. As part of a predetermined plan, Cook last week sold a chunk of Apple shares worth $36 million. Sure beats working overtime for a few extra bucks, doesn't it? Normally when a high ranking official cashes in on company shares worth tens of millions of dollars, questions are raised about the health of the firm. That's especially true when it's the top dog shedding... Read more...
Apple CEO Tim Cook recently celebrated his five-year anniversary as CEO and the one billionth iPhone sold. Cook argues that his job, however, is not always a bucket of lollipops and rainbows. The self-proclaimed “lonely” CEO recently sat down with The Washington Post to discuss the difficult and controversial topics like the future of iPhones, AI, the Chinese market, possible tax evasion in Europe, Project “Titan”, and the importance of AR. Perhaps the biggest surprise in the interview was the love Cook showed for augmented reality. Apple has largely stayed away from augmented reality, however,... Read more...
Apple recently reported its first revenue decline in 13 years and its first ever year-over-year drop in iPhone sales. The consensus by some is that the market is saturated with smartphones and that Apple hasn't been an innovative company since the late Steve Jobs passed the torch to Tim Cook. Is that really the case? Cook says hold the boat. In an interview with CNBC's Jim Cramer, host of Mad Money, Cook called all the recent negative fuss over the iPhone amounts to a "huge overreaction." As far as Cook is concerned, the iPhone is far from dead, and the same is true of Apple as a whole, which generates... Read more...
All good things must come to an end, and for Apple, that means its enviable winning streak when it comes to its quarterly earnings. Apple today reported its fiscal Q2 2016 results and it represented the first time that the company has witnessed a year-over-year sales decline for its popular iPhones. Apple sold 51.2 million iPhones during the quarter compared to 61 million during the same period one year ago. Apple generated $50.6 billion in revenue for the quarter and net income of $10.5 billion ($10.90 per diluted share). Most companies would kill for those kinds of numbers, but it was an off... Read more...
Apple finds itself stuck between a rock and a hard place while the world watches to see how it wriggles out. Not that Apple is in any way hiding from the public—in a recent television interview with ABC News, Tim Cook offered some expanded thoughts on why he's not willing to comply with a court order to assist the FBI with breaking into an iPhone that belonged to one of the San Bernardino shooters. The overarching fear is that creating a backdoor into a secured iPhone would set a dangerous precedent, one that could later be abused. Cook is adamant that such a thing would put hundreds of millions... Read more...
It seems as though everyone has an opinion on Apple’s decision not to comply with the FBI’s request to unlock the iPhone 5c used by terrorists in December’s San Bernardino mass shooting. The noise surrounding the topic became louder when U.S. Magistrate Judge Sheri Pym ordered Apple to offer “reasonable technical assistance” to the FBI in unlocking device. The noise became deafening when Apple CEO Tim Cook fired back this morning, charging that the U.S. Government was overreaching. Never one to miss an opportunity to make his opinion known for all to hear, Donald Trump has spoken up on Apple’s... Read more...
Ever since Tim Cook took over the reigns as CEO of Apple in 2011, the mild-mannered man from Alabama seemed quite the polar opposite of the late and great Steve Jobs. Whereas Jobs was often brash and had a knack for using incisive language to skewer opponents, Cook often takes a more measured approach and is by far less abrasive. But that southern charm has been stripped away following the decision by a U.S. Magistrate Judge Sheri Pym that would force Apple to provide backdoor access to an iPhone 5c that was used by the terrorists that killed 14 people during a mass shooting on December 2nd in... Read more...
It’s no secret that the iPhone has long had a pretty good camera onboard, snapping fast and highly detailed photos. Apple is so proud of the iPhone’s camera that it launched a “Shot on iPhone 6” series last year which showcases the shooting capabilities of the iPhone’s camera (when handled by a skilled photographer). However, Apple CEO Tim Cook proved last night that the person actually taking the picture is just as important as the actual camera hardware. A lucky Cook found himself on the field at Levi’s Stadium following the Denver Broncos’ 24-10 win over the Carolina Panthers, and whipped out... Read more...
To outsiders looking in, it might seem as though Apple devices sell themselves. That isn't really the case, and if you pay attention to Apple's quarterly earnings reports, you'll notice that no matter how well the company performs, its stock price drops at the slightest hint that a particular product line or service isn't performing at peak levels. At present, it's the iPad line that has investors concerned, though Apple CEO Tim Cook believes a turnaround is ahead.Cook and a few other company bigwigs recently held a town hall meeting at Apple's headquarters to discuss the company's Q1 earnings... Read more...
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