Items tagged with tim cook

The term "fake news" has been floating around a lot over the past year, largely fueled by events surrounding the 2016 U.S. Presidential Election. Following Donald Trump's November victory, the world at large began to wonder if heavily biased or outright made-up new stories were causing real ill effects in the general populous. Even entire companies have been mulling the theory, including Facebook, which has been actively battling the issue in France, where a springtime election is fast approaching. The latest person to chime in on the issue is none other than Apple CEO Tim Cook. He goes so far... Read more...
The losing streak is over. For the past three quarters, Apple has reported lower earnings on a year-over-year basis thanks in part to declining iPhone and Mac sales. However, Apple turned the tide for fiscal Q1 2017 by delivering a record $78.4 billion in revenue for the quarter compared to $75.9 billion one year ago. Earnings per share came in $3.36 per share compared to “The Street” estimate of $3.21 per share. Net profit stood at $17.9 billion for the quarter. International sales amounted to 64 percent of all of Apple’s quarterly revenue. iPhone sales inched up to 78.3 million units, compared... Read more...
Certainly it is not easy running Apple, one of the biggest companies in the world (it cracked the top 10 of the Fortune 500 list with a No. 9 ranking in 2016, and with a market capitalization of more than $629 billion, it is the most valuable firm on the planet), but easy or not, that is the job of Tim Cook. How he is doing is up for debate, and according to at least one former Apple employee, Cook has sucked the excitement out of Apple. Bill Burrough, a former Apple engineer, described Apple to CNBC as being like the "wild west" in 2007. Burrough said that during his first two years of employment... Read more...
Say what you will about the management style of Steve Jobs and the many accounts of his character, behind all the personality quirks was a marketing genius, one that truly understood what would excite the consumer. That was more evident than ever when Apple unveiled its first iPhone model 10 years ago to the day. There was Jobs, on stage at Macworld 2007 in San Francisco excitedly introducing the world to a game changing product. The iPhone was not the first smartphone on the market, though Jobs used that to his advantage. Using a quadrant separated by two lines, a horizontal one going from "hard... Read more...
There are many companies that would not mind switching positions with Apple, but even so that does not give the Cupertino out fit license to go into cruise control. That is not what Apple CEO Tim Cook did, exactly, but after failing to meet certain performance targets last year, his earnings in 2016 came to $1.58 million less than in 2015, putting his salary closer in line with what he made in 2014 (but still half a million less).Before anyone goes out and makes a GoFundMe page for Cook to pay his bills, rest easy, he still collected $8.7 million in 2016, which includes a base salary of $3 million,... Read more...
When it comes to questions swirling around Apple’s Mac division, there’s the corporate speak, and then there’s the commentary from the folks down in the trenches deep within Apple. Earlier today, we heard from Apple CEO Tim Cook that users need not be worried about the direction of the Mac. "Some folks in the media have raised the question about whether we're committed to desktops,” said Cool in a post to Apple’s employee message board. “If there's any doubt about that with our teams, let me be very clear: we have great desktops in our roadmap. Nobody should worry about that.” However, a new report... Read more...
Steve Jobs, may he rest in peace, once likened the desktop PC to a truck in a world full of cars. In his opinion, the PC was on its way out in favor of alternate form factors, in particular the iPad. This was part of his infamous post-PC era dialogue and if he was still in charge of Apple, we might be looking at a very different product lineup right now. But it is Tim Cook that is in charge, and in case anyone is wondering, desktops are still very much a part of Apple's future."Some folks in the media have raised the question about whether we're committed to desktops. If there's any doubt about... Read more...
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...
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