Items tagged with tim cook
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)...
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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...
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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...
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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...
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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...
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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...
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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...
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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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