Items tagged with tim cook
The current United States-China trade war has had a major effect on several technology and telecommunication companies. Apple is one of the corporations that as borne the brunt of the trade war. Apple CEO Tim Cook recently met with President Trump and warned that the new tariffs made it difficult to compete with companies like Samsung. President Trump and Tim Cook met for dinner this past Friday at the president’s golf club in Bedminster, New Jersey. Apple manufactures many of its products in China and contend that it would be difficult to entirely move manufacturing to other countries. Cook reportedly argued that the new tariffs would make it hard for Apple to go toe-to-toe with companies...
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Apple CEO Tim Cook characterized a recent report about his relationship with famed designer Jony Ive and the circumstances that led to his pending departure "absurd," adding that "the conclusions just don't match with reality." The strongly worded statement goes on to essentially say that Apple's design team is in a good place, contrary to what was written about the company and the situation. "At a base level, [the report] shows a lack of understanding about how the design team works and how Apple works. It distorts the relationships, decisions, and events to the point that we just don't recognize the company it claims to describe," Cook told NBC News in an email. The report Cook references appears...
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Updated 7/2/2019 Tim Cook has responded to the WSJ article and is calling its content "absurd". You can read our followup article here. After nearly three decades with Apple, famed designer Jony Ive recently announced that he is leaving the company to form an independent design firm of his own. It was a surprise announcement, and if a new report is to be believed, this moment has been brewing for years due to a growing disconnect between Ive and Apple's main decision makers, including CEO Tim Cook. Ive joined Apple way back in 1992. He was with the company when co-founder Steve Jobs was ousted, and he was there when Jobs made his return in 1997. Throughout the years, Ive designed several iconic...
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Apple is looking to take on Netflix in the original programming arena with Apple TV+, the company. Apple TV+ has the backing of some of the biggest directors in the business including Steven Spielberg, Ron Howard, JJ Abrams and Sofia Coppola. There a number of original shows coming to Apple TV+ including The Morning Show, which is helmed by Steve Carrell, Jennifer Aniston, Reese Witherspoon. See is a new science fiction drama that stars Jason Momoa and Alfre Woodard. And the great Spielberg will be remaking Amazing Stories for Apple’s new services platform. Apple even managed to snag Oprah Winfrey for two new documentaries; one of which is called Toxic Labor (covering workplace harassment),...
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Earlier this month, Apple issued its first revenue guidance revision in over a decade in part due to soft iPhone sales. Apple placed most of the blame on weakness in the great China area, which was compounded by the country's trade war with the United States. But China isn't the only reason for the revenue shortfall. The wounds were also self-inflicted by way of Apple's battery replacement program that was announced in late 2017. To appease customers after it was discovered that the company had been throttling iPhone performance (due to underperforming and worn batteries) without properly informing users, it reduced the price of battery replacements for iPhones from...
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It looks as though not all is well in Cupertino. In a rather odd and rare break from Apple’s usual cadence with respect to its earnings releases, CEO Tim Cook posted an open letter to investors this afternoon to state that it has revised its revenue guidance downward for the December quarter (fiscal Q1 2019). When Apple issued it fiscal Q4 2018 earnings report in early November, it forecasted revenue of between $89 billion and $93 billion for fiscal Q1 2019. Now, however, Cook is warning that revenue will come in at right around $84 billion. That is a shortfall of $5 billion at the low end and $9 billion at the high end of Apple’s previous guidance. Whichever way you look...
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Have consumers finally had enough of Apple's efforts to jack iPhone pricing into the stratosphere? There are numerous warning signs suggesting that this is the case. However, Apple's decision to not breakdown sales numbers for iPhones, Macs and iPads in its future earnings reports could obfuscate any real analysis of sales data. Apple's flagship iPhone prices have been on the rise for years, but things took a turn towards the extreme with 2017's launch of the iPhone X. The device, with its notched display and first-generation Face ID system, launched with a starting price of $999. Despite analysts and pundits balking at the high price tag, consumers were seemingly unfazed, propelling the iPhone...
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AAPL has been downward trajectory since the company released its Q4 earnings report earlier this month. At the time, Apple announced relatively flat iPhone sales, although the average selling price (ASP) was way up due to a heavy mix of ultra-expensive iPhone X smartphones. However, investors were concerned that we may have reached "Peak iPhone" and that there may be some stagnation in iPhone sales going forward. Apple unwittingly helped to fuel these concerns by announcing that it will no longer report device sales (including iPhones, iPads and Macs) during its quarterly reports going forward. Wall Street can’t keep a close eye on iPhone sales trajectory if the Apple isn’t...
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Facebook and Apple are two of the biggest companies in tech, but the companies have differing philosophies on privacy and data sharing. While Facebook encourages its users to share as much about As a result of this clashing viewpoint, Apple CEO Tim Cook has on many occasions taken shots at Facebook — particularly this year when the social media giant was already under fire for high-profile data breaches. Back in March, Cook said of companies like Facebook, "We're not going to traffic in your personal life.” Elsewhere in the MSNBC interview, Cook added, "Privacy to us is a human right. It's a civil liberty. “We’ve never believed that these detailed profiles...
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Reviews for the iPhone XS and iPhone XS Max are filtering on to the internet this morning, and Apple CEO Tim Cook is out touting his company’s new flagship smartphones. However, the new phones come at a hefty price – especially with regards to the bigger of the two smartphones. Apple first danced with a $1,000 smartphone with last year’s iPhone X, and the iPhone XS Max takes that trend and runs with it. Apple iPhone XS and iPhone XS Max Cook went on Good Morning America to talk about Apple and its new wave of products (including the Apple Watch Series 4), and the topic of pricing was brought to the forefront. “We want to make an iPhone for everyone....
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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 iPhone X, which Apple still says is currently its best-selling iPhone model. To give you an idea of...
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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, UNC-Chapel Hill, and NC State University. Total investment by Apple in the state of NC for the...
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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 4 million conversions to paid subscribers per month and that amount has reportedly been consistent...
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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 X shipped 16.0 million units and captured 5 percent market share worldwide in Q1 2018," wrote Juha...
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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 both of them are incredible is because we pushed them to do what they do well. And if you begin to...
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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 growing chorus of criticism against Facebook in the wake of the privacy scandal, including several high...
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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 obtain the data of around 50 million Facebook users, and may have shared that information with Donald's...
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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 or you’re making an important call that’s important to you or a message that you’re...
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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 made Wednesday. It pays very well to be a top executive at Apple; Cook's top five underlings...
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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 issue head-on in an interview with Good Morning America this week. While speaking with GMA's Robin...
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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 on the internet in renders for the past six months. The proportions seem to favor that of an iPhone...
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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" and "probably one of the most difficult AI projects actually to work on."That is true from a...
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