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Items tagged with tim cook
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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Apple announced its fiscal Q2 2017 earnings yesterday, and the company reported $52.9 billion in revenue against a Wall Street consensus of $53.1 billion. The company also experienced a downturn in iPhone sales, as it shipped 50.8 million units for fiscal Q2 compared to 51.2 million during the same quarter in 2016. Everyone has been focusing on that figure for iPhone shipments, even if it’s down ever so slightly from the year before. Some are wondering if Apple has lost its mojo, or if Apple’s iPhone boom in China has lost its sizzle. According to Apple CEO Tim Cook, there’s another explanation...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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...
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