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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