Items tagged with tim cook
AAPL is heading towards new highs after Apple posted strong earnings for fiscal Q3 2018. Revenue jumped 17 percent year-over-year to $53.3 billion while earnings per diluted share increased 40 percent to $2.34. The company's net income for the quarter came in at $11.5 billion. During the quarter, Apple shipped 41.3 million iPhones, which was a slight increase over the 41 million it shipped during the same quarter last year. However, it should be noted that iPhone revenue increased a staggering 20 percent year-over-year from $24.8 billion to $29.9 billion. This can be directly attributed to the...
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Apple has its eye on two east coast states as it decides where to build its newest campus. The company is looking at plots of land in Northern Virginia and in North Carolina's Research Triangle Park (RTP). However, it's the latter that is being tipped as Apple's favorite of the two potential sites. RTP is the name of the technological breeding ground in the Raleigh/Durham/Chapel Hill area. A number of major companies take up residence in RTP including SAS, Cisco, IBM, and Lenovo (which has its U.S. headquarters in Morrisville, NC), with companies feeding off fresh talent from nearby Duke University,...
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Apple has Spotify in its sights as the company to beat in the streaming music industry. Spotify currently has the most subscribers out there (75 million paying subscribers), but Apple is catching up. Apple CEO Tim Cook confirmed that Apple Music now has 50 million subscribers on the Bloomberg Television program “The David Rubenstein Show: Peer-to-Peer Conversations.” Cook says that the service has over 50 million users between paid members and trial users. That it’s a marked gain in subscribers compared to the 38 million in March and 40 million in April. Apple is gaining about...
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We've listened to the channel reports, we consumed the analysts’ projections, and we even heard from AMOLED display supplier Samsung that there was trouble brewing for Apple's iPhone X. However, once Apple's Q1 earnings were actually reported, it was revealed that the iPhone X outsold its other iPhone counterparts for every week during the quarter despite its $999 starting price. Now, Strategy Analytics is reporting that the iPhone X wasn't just Apple's best-selling smartphone; it was also the best-selling single smartphone on the planet. “We estimate the Apple iPhone...
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Some combinations go well together like peanut butter and jelly or HotHardware.com and tech news and reviews. There seems to be no future however, for the unification of iOS and macOS. Apple CEO Tim Cook recently remarked that Apple customers do not want iOS and macOS to merge. In an interview with The Sydney Morning Herald, Tim Cook argued that a merger between iOS and macOS would be more convenient, but would lead to a decline in the overall quality. He remarked, “We don't believe in sort of watering down one for the other. Both [the Mac and iPad] are incredible. One of the reasons that...
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Facebook co-founder and CEO Mark Zuckerberg has offered up some choice words of his own after Apple boss Tim Cook sharply criticized the social networking site over its recent privacy flub involving Cambridge Analytica, a political data firm that is reported to have shared information about more than 50 million Facebook users with Donald Trump's presidential campaign in 2016. Cook last week said Apple considers privacy "a human right, a civil liberty," and suggested that Facebook's fumbling of so much user data constitutes a need to issue some "well-crafted regulation." His comments added to a...
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Following the recent scandal involving Facebook and Cambridge Analytica, a political data firm and consultancy agency, the world's largest social network and its leader, Mark Zuckerberg, find themselves the recipient of harsh criticism. There are some high profile names among the enraged and outspoken, including Apple CEO Tim Cook, who suggested that Facebook should be regulated at this point. If you haven't been following the situation, here's a quick recap of events to date: Facebook is in hot water with users and lawmakers after it was discovered that Cambridge Analytica managed to improperly...
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Apple created quite the firestorm when it was revealed that the company was throttling the performance of iPhones with older and "well worn" batteries. The company wasn't upfront about the practice, and it only came to light due to some sleuth work by customers and app developers. Now, Apple CEO Tim Cook says that customers will be given the choice to disable processor throttling in a future iOS update. At first, Cook tried to explain the reasoning behind throttling in the first place, telling ABC News' Rebecca Jarvis in an interview: And so you can imagine if you’re making an emergency call...
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Apple CEO Tim Cook had a bang up year when it comes to paychecks. Cook received a 74% increase in his annual bonus for fiscal 2017 after the company posted higher revenue and net income compared to the previous fiscal year. The incentive pay that Tim Cook earned for fiscal 2017 totaled $9.33 million for the year that ended on September 30. Cook also banked $3.06 million in salary and was granted $89.2 million in equity during the year, bringing his total payout for fiscal 2017 to $102 million. The equity was previously disclosed, but the salary and incentive pay was disclosed in a regulatory filing...
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Even though the prices of flagship smartphones have seemingly increased to astronomical levels over the past year or two, people were still taken aback by the $999 price tag of the iPhone X when it was officially announced by Apple last week. Sure, previous iPhones have come close to reaching that mark when optioned up, but the psychological $1,000 barrier is a big one in the minds of consumers. The iPhone X's price has been one of the most frequent questions tossed at Apple executives that have gone on the interview circuit in the wake of last week's keynote, and Apple CEO Tim Cook addressed the...
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Is that an iPhone 8 in your pocket, or are you just happy to see me? That seems to be question on the minds of many Apple watchers today. It’s not often that people would examine or even care about what Apple CEO Tim Cook is wearing, but his tweet this morning announcing his visit to manufacturing partner CTS had people focused on the bulge in his pants. No, not that kind of bulge, but the one in his right pants pocket. You can see what appears to be the outline of a narrow and tall smartphone — one that adheres closely to the overall shape of the iPhone 8 that we’ve seen making the rounds...
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Up until now, one of the worst kept secrets in the tech industry was Apple's involvement in an autonomous vehicle program. Job listings and occasional leaks made it unofficially clear that Apple was cooking something up in the self-driving car space, and now Apple boss Tim Cook has come out and confirmed what we knew all along—Apple is invested in self-driving technology"We're focusing on autonomous systems," Cook told Bloomberg in an interview earlier this month. "It's a core technology that we view as important. Cook added that autonomous vehicle technology is "sort of the mother of all AI projects"...
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Apple is already winning the wearables war, but it is the next version of the company's Apple Watch that could end up a real game changer. Tim Cook, the man in charge, was seen at the Apple campus in Cupertino, California wearing a prototype blood glucose monitor connected to an Apple Watch. If such a thing could make the leap from prototype to retail hardware, it would be a boon millions of people who battle diabetes. According to the Centers of Disease Control and Prevention (CDC), nearly 30 million Americans have diabetes. And in 2012, it was estimated that 86 million Americans age 20 and older...
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What is a company to do when it is sitting on a $256 billion pile of cash? If you’re Apple, you peel away a tiny sliver of that money to reinvest in the United States. That’s coming straight from the horse’s mouth, or in this case, Apple CEO Tim Cook. In an interview this week with CNBC’s Jim Cramer, Cook explained that Apple would set aside the $1 billion for an advanced manufacturing fund. “It's $1 billion of our US money, which we have to borrow to get. That's another whole topic.” Cook’s off-hand comment refers to the fact that most of Apple’s cash pile is held overseas, and the company...
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