Items tagged with tim cook

There are several questions surrounding Apple's forthcoming Apple Watch. For example, will it be a hit? How long with the battery life be? Will it blend? And of course one of the most frequently asked questions, when will it launch? The only answers we've gotten to most of them have been rumors and speculation, though that changed when Apple CEO Tim Cook decided to reveal a launch window.Cook used the company's quarterly earnings call to formally and officially announce that the wearable should be ready to ship in April 2015, a month later than the March time frame that had been making the water cooler rounds."The creativity and software innovation going on around Apple Watch is incredibly exciting,"... Read more...
As we alluded to in our article earlier today, Apple has just announced its earning for fiscal Q1 2015. The results are nothing short of astonishing, as Apple had record quarterly revenue of $74.6 billion and along with record quarterly net profit of $18 billion. Yes, you heard that correctly, $18 billion in profit for a single quarter. For comparison, Microsoft yesterday reported a net profit of $5.86 billion for its most recent quarter. Gross margins were also through the roof, coming in at 39.9 percent compared to 37.9 percent for the same period one year ago. Earnings came in at $3.06 per diluted share compared to $2.07 per diluted share for the same period last year. When all the results... Read more...
Apple chief Tim Cook isn't all that happy with a BBC report alleging poor working conditions and the overall mistreatment of workers at its Chinese manufacturing facilities where popular devices like the iPhone 6 and iPad Air 2 are made. The scathing report prompted Apple's Senior Vice President of Operations, Jeff Williams, to send out an email to about 5,000 staff members in the U.K. today saying that he and Cook were "deeply offended" by BBC's accusations.The BBC report alleged a number of work place violations and poor conditions in general, such as employees falling asleep during 12 hours shifts on the iPhone 6 assembly line, and being repeatedly denied days off en route to working 18 days... Read more...
By his own admission, Apple CEO Tim Cook is gay. It seems silly that such a thing could make headlines, but the reality is, we live in an era where coming out as being gay can have a profound impact, especially by a person in power. In this case, that person is one of the most recognizable figures in the technology sector and in charge of a company worth in the neighborhood of $630 billion. Cook didn't just come out, he penned an editorial in Bloomberg announcing his sexual orientation and why he's now chosen to disclose it. In it, he brings to light Dr. Martin Luther King's belief that the most persistent and urgent question in life is, "What are you doing for others?" Cook came to realize that... Read more...
Over the weekend, CVS joined Rite Aid in taking steps to prevent customers from using Apple Pay to make purchases. Despite the steps taken, Apple CEO Tim Cook appeared to be unaffected by this move. During this week’s Wall Street Journal Digital Live conference, when asked if CVS and Rite Aid’s strategy would be a challenge for Apple Pay, Cook answered, “I think it’s a skirmish, is the way I would see it.” Cook then went on to reveal that, within 72 hours of Apple Pay’s launch, more than 1 million cards were activated. Currently, there are 34 businesses that are partnered with Apple Pay but not many of the larger merchant businesses have officially partnered... Read more...
Despite some fingers being pointed at China for some recent “man-in-the-middle” attacks on Apple, the company is still looking to expand its presence there. Apple CEO Tim Cook spoke to Chinese news portal Sina.com stating that the company plans to add 25 Apple-brand retail stores in Greater China within two years. Tim Cook also went on to talk about how the company will also increase its investment in China by an undisclosed amount. According to the website, Cook sees a lot of potential in China and that it could be the company’s biggest source of revenue saying, “In the future, China will become Apple’s biggest revenue contributor. It’s just a matter of time.”... Read more...
Apple recently posted a security bulletin alerting iCloud users to the presence of "intermittent organized network attacks using insecure certificates to obtain user information," and though the company didn't publicly point a finger at China, several reports suggested that's where they're coming from. In response to the attacks, Apple CEO Tim Cook booked a flight to China today to try and resolve the issue. Citing China's state-run Xinhua News Agency, PCWorld says that Cook met with Chinese Vice Premier Ma Kai in Beijing to talk about improving cooperation in the telecommunication industry, as well as to discuss security related topics, protecting users' privacy, and other issues. It's not all... Read more...
Save for the most cynical among us, most people would agree that Steve Jobs left this world far too early. Having battled cancer for several years, complications led to his passing at the age of 56. He left behind a wife of 20 years and four children, and of course his legacy in Apple, the company he co-founded in 1976. It's that legacy that Apple's current CEO Tim Cook focused on when addressing employees in an internal memo this weekend. The letter comes as we approach the three-year mark since Jobs died. In the time since, Cook has been tasked with filling impossibly large shoes, and behind the new face of Apple, we've seen some distinct changes as the CEO battles increasing competition from... Read more...
Update, 0915 - 4:30PM - Apple is now offering iTunes users the ability to remove U2's new album, Songs of Innocence, from their library. However, the company warns that once the album has been removed users will not be able to re-download it as a previous purchase. The company also aid that the album will remain free for everyone until October 13, 2014. At this year’s Apple iPhone 6 event, there was another surprise for Apple users. During the event, U2 were introduced with the band’s singer and guitarist Bono. Along with Apple ceo Tim Cook, Bono announced that the band's latest album, Songs of Innocence, would be free for iTunes users. However, rather than letting users decide... Read more...
Things took a turn for the awkward when a CNBC host accidentally "outed" Apple CEO Tim Cook as being openly gay. It occurred during a discussion on gay CEOs in which Jim Stewart, a columnist for The New York Times, visited the set of "Squawk on the Street" to discuss his upcoming column on John Browne, the former CEO of BP and the first CEO of a Fortune 500 company to publicly acknowledge being gay. During the discussion, Stewart says he was surprised that sexual orientation was still an issue that seems to trump financial performance when it comes to evaluating CEOs. Of the "many" gay CEOs he reached out to, he says he received an "extremely cool reception" and that not a single one gave permission... Read more...
It might seem hard to fathom, but $300,000 is hardly the most expensive lunch date ever. In fact, it's not even the most expensive lunch date with Tim Cook, CEO of Apple. In a charity auction last year, the winning bid to spend some time with Cook eating and chewing the fat came to over $600,000, which obliterated what had been a record $255,000 winning bid for a sit down with former U.S. President Bill Clinton. By comparison, this year's winning bid is a steal. The CharityBuzz auction for lunch with Tim Cook this year brought in $300,001 for the RFK Center for Justice and Human rights. That's half of what the winning bid was a year ago, though three times as much as the charity site's goal,... Read more...
From a product release standpoint, we're still collectively waiting for Apple chief Tim Cook to make a splash and really knock our socks off. That's not to say he hasn't been a fine replacement for Steve Jobs -- Apple is still making an obscene amount of money, and Cook is more than willing to discuss how much friendlier his company is towards the environment compared to before he took over. In fact, if you're a shareholder who isn't on board with his green efforts, Cook would rather you dump your stock and invest elsewhere. Let's back up a quick second. Apple's efforts in renewable energy are commendable. According to Mashable, over three-quarters of the company's facilities around the world... Read more...
It's good to be king, especially when your kingdom is the land of Apple. Right now Tim Cook is the one who wears the crown and he's compensated generously for his time on the throne. According to a recent regulatory filing, Apple compensated King Cook $4.25 million in 2013, representative of a 1.9 percent bump in pay compared to the $4.17 million he received in 2012. Cook received a base rate of $1.4 million plus more than $53,000 in benefits. The cherry on Apple's pie was a $2.8 million bonus, the most he was allowed to receive under Apple's compensation plan. A good thing too, because without that bonus pay, Cook would have recorded a net loss in 2013. How so? When Cook took assumed the role... Read more...
It's been more than two years since Tim Cook was named CEO of Apple, and while one could argue there have been any truly revolutionary products to come out of Cupertino since he took the reins, he's done a mostly good job keeping investors happy and consumers interested. This past year was especially busy with the release of the iPhone 5, iPhone 5S, iPad Air, iPad mini with Retina Display, iOS 7, and new Mac Pro, plus a handful of product refreshes. He's built up a bit of momentum going into 2014, though don't expect Cook to dial it in next year. In a somewhat lengthy memo to employees that was picked up by 9to5Mac, Cook reflected on the past year during which time Apple recorded its 50 billionth... Read more...
Maybe sometime in the future, Google Glass will find a market among the masses and we'll be walking around with wearable computers on our heads. It's Google's vision to one day get to that place where a head mounted display (HMD) could replace many of the functions we all use our smartphones for, from snapping pictures and recording videos to getting directions and real-time information. That's point B, however, a long way from point A, which is where the $1,500 headset currently sits. Will it ever get there? It's too early to tell, but as far as Apple CEO Tim Cook is concerned, the road for Google is "difficult." "I think from a mainstream point of view, this is difficult," Cook stated at the... Read more...
How much would you be willing to donate to a charity auction to sit down for a cup of coffee with Apple CEO Tim Cook? If your answer is anything less than $605,000, then we regret to inform you that you're out of the running. The current winning bid now stands at $600,000 and the company handling the auction, Charity Buzz, requires the next bid to be at least $5,000 higher. Apparently there's no shortage of wealthy individuals who have some burning questions they'd like to ask Apple's chief. When we first reported on the auction last week, the high bid sat at $180,000 with 19 days left to go, putting Cook in good position to make run at former U.S. President Bill Clinton as the person to bring... Read more...
With the highest of over 50 bids now at $180,000, someone is going to win a charity auction for what will undoubtedly be the most expensive cup of coffee ever. Those bidding aren't in it for the coffee, of course, but what comes with it -- one-on-one time with Apple CEO Tim Cook at his company headquarters in Cupertino, California. If you want to be that person, you have to bid at least $185,000 to trump the current high bidder. Proceeds from the auction, which runs until May 14, 2013, will go to to The Robert F. Kennedy Center for Justice and Human Rights. As for your time with Cook, the winner gets to sit down with and pick the brain of the man Steve Jobs chose to navigate his company before... Read more...
Apple CEO Tim Cook may soon find himself out of a job. That's assuming the latest rumors suggesting a disgruntled board are true. Over at Forbes, it's being reported that Apple's board is ready to make a major shakeup by ousting Tim Cook from his throne, and even if the wheels aren't already in motion, apparently some of the company's share holders would like to see it happen. As an avid sports fan who has seen good coaches fired from teams that under perform, I see some similarities at Apple. First and foremost, however, let's not forget how he came to power in the first place. Keeping in mind that it's sacrilegious to denounce Apple co-founder Steve Jobs as anything but a genius, those calling... Read more...
When Steve Jobs fell ill and began medical leave in January 2011, Tim Cook took over as acting CEO of Apple, a position that became permanent seven months later following Jobs' resignation. We all know what happened after that -- Jobs died of pancreatic cancer in October 2011, leaving Tim Cook without a mentor. At that point, the future of Apple was in Cook's hands, but did Jobs have a role in designing upcoming iPhone models before his death? During a recent meeting with service providers, San Francisco District Attorney General George Gascón said that at the time of Jobs' death, he had already developed the next two iPhone models, one of which would later become the iPhone 5, The San... Read more...
Five months ago, Apple's share price was so high that there was talk of the Cupertino company hitting a $1 trillion valuation. Consumers and investors alike were excited about the impending launch of the iPhone 5, and rumors were hot and heavy of an iPad mini device on the horizon. Before it was all said and done, Apple's share price hit an all-time high of $705.07 per share, valuing the company at $660 billion. And today? Apple's share price has fallen all the way to $444.57, dropping the company's market capitalization to $417.48 billion -- ouch! Supply issues and intense competition from the Android camp, particularly Samsung, has given investors cold feet when it comes to Apple, especially... Read more...
According to his biography, former Apple chief Steve Jobs once stated he was willing to bankrupt the company he founded, if need be, to "destroy Android, because it's a stolen product. I'm willing to go thermonuclear war on this." The fact that he was willing to "spend every penny of Apple's $40 billion in the bank" on legal beagles shows how intensely committed he was to protecting his product, his IP, and the Apple brand. Enter his successor, Tim Cook, who has taken a different approach on things since being handed the reins. It was under Cook that the iPhone's screen size grew half and inch, and he oversaw the release of the iPad mini, a tablet Jobs would have called a tweener device. But... Read more...
The CEO of the most valuable company in the world is taking a big pay cut for 2012. We're of course talking about Tim Cook, the man who took the reins from Steve Jobs as the head honcho of Apple, but lest you worry yourself silly over his reduced compensation package, understand that a man can still feed his belly with $4.17 million. That's the amount of his compensation package for 2012, which includes a base salary of $1.4 million (that's actually a 50 percent pay increase compared to 2011) and a non-equity bonus of $2.8 million, according to Reuters. Even though his base salary is up 50 percent, Cook's annual cash compensation is "significantly below the median annual cash compensation level... Read more...
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