Tim Cook to move his office to Apple Park

By Christian Zibreg on Feb 23, 2017

Apple said yesterday that employees will start boarding its futuristic campus, officially named Apple Park, in April. According to San Francisco Chronicle, Apple’s chief executive Tim Cook will move his office to the new 175-acre campus. Read More

 

Apple decries Trump decision on transgender rights for students

By Christian Zibreg on Feb 23, 2017

The United States President Donald Trump’s decision which aims to withdraw anti-discrimination protections for transgender bathroom use in schools was met with strong opposition from Apple. In a statement to Axios, Apple said preventing transgender students from using bathroom facilities designated for the gender to which they identify is hurting human rights initiatives. Read More

 

New Apple campus named Apple Park, opens to employees in April

By Christian Zibreg on Feb 22, 2017

Apple announced this morning that its new 175-acre Apple Campus 2 aka iSpaceship has been officially named Apple Park. It will be ready for more than 12,000 employees to begin occupying in April although the move-in process will take over six months with construction of the buildings and parklands continuing through the summer.

Powered by renewable energy, it’s one of the most energy-efficient buildings in the world, the iPhone maker said. The company is also honoring Steve Jobs by naming a massive auditorium the Steve Jobs Theater.

Situated atop a hill and overlooking meadows and the main building, the 1,000-seat underground auditorium is opening later this year and will host future press and corporate events. The entrance to the auditorium is a 20-foot-tall glass cylinder, 165 feet in diameter, supporting a metallic carbon-fiber roof. Read More

 

Apple’s risk aversion and arrogance blamed for lack of large takeovers

By Christian Zibreg on Feb 15, 2017

Apple’s boss Tim Cook said on a recent earnings call with investors and analysts that his company on average acquired between fifteen to twenty smaller companies per year for the last four years, noting that Apple looks for startups of all sizes. “There’s not a size that we wouldn’t do based on just the size of it, it’s more about the strategic value of it,” he said.

A new report Wednesday from Bloomberg alleges that Apple’s reluctance to cooperate with third-party advisers like investment banks, risk aversion and internal acquisition strategy are standing in the way of large takeovers. Read More

 

Apple’s stock surges to its highest price ever amid growing optimism over iPhone 8

By Christian Zibreg on Feb 14, 2017

Apple is breaking records—the company’s stock price has surged to an all-time intraday high, trading as high as $134.88 today and having surpassed the previous all-time intraday high of $134.54 set on April 28, 2015. The current stock price gives the Cupertino company a market capitalization of nearly $710 billion, the largest market valuation for a publicly traded American company.

According to MarketWatch, just yesterday the stock had closed at a record $133.00, passing the previous record set two years earlier. Read More

 

Apple’s Vice President of corporate and government sales has stepped down

By Christian Zibreg on Feb 7, 2017

John Solomon, Apple’s Vice President for Enterprise and Government, has stepped down. He led sales teams charged with pushing Apple hardware and software to big companies and government agencies with large technology budgets.

Apple confirmed his departure to Reuters, but refused to comment further. Solomon wouldn’t reveal why he left Apple either. It’s unclear if losing a key executive for business sales might slow Apple’s efforts to push its solutions to large businesses in recent years. Read More

 

Apple hires Spotify’s former head of label relations

By Christian Zibreg on Feb 2, 2017

The Apple vs. Spotify fight just became tougher with news that Apple recently hired Spotify’s former head of label relations, Steve Savoca, who left the company in August of last year (Spotify’s current boss of label relations is Rob Harvey). He was recruited for the identical role at Apple Music.

The Cupertino firm on Thursday confirmed the hiring of Spotify’s former executive, saying he’ll be focusing on relationships with smaller, independent labels, especially internationally. Read More

 

Former Android executive Hugo Barra to head Facebook’s Oculus and virtual reality teams

By Christian Zibreg on Jan 26, 2017

When former Android executive Hugo Barra announced three days ago he was leaving Chinese handset maker Xiaomi, he provided standard boilerplate explanation: he wanted to spend more time with his family because living and working abroad has taken a toll on his health and life.

Then again, that’s exactly the kind of stuff that you’d expect high-ranking executives to say when jumping ship or seeking greener pastures with another team.

As it turns out, Barra is leaving Xiaomi not because he’s burned out but to join Facebook where he will be charged with managing the Oculus team and the company’s other virtual reality projects, CEO Mark Zuckerberg announced yesterday. Read More

 

Marketing executive Musa Tariq leaving Apple to become Ford’s VP & Chief Brand Officer

By Christian Zibreg on Jan 24, 2017

Musa Tariq, Apple’s executive, is leaving the company to join Ford, the car maker said Tuesday.

Tariq was Apple’s global marketing and communications director for retail for a little more than two years. At Ford, he will be Vice President and Chief Brand Officer, a new position created as the company focuses on new mobility services. Read More

 

Despite Note 7 fiasco & bribery scandal, Samsung just had the most profitable quarter in 3 years

By Christian Zibreg on Jan 24, 2017

Despite seeing its brand tarnished and anywhere between $2 billion and $5 billion wiped off its operating profit in the aftermath of Note 7 fiasco, Samsung of South Korea has managed to boost its fourth quarter earnings on the back of its semiconductor division and strong sales of the Galaxy S7 and Galaxy S7 Edge flagship devices.

Operating profits rose to $7.2 billion over the last three months of 2016 on sales of about $45.8 billion. Samsung’s mobile division captured $2.1 billion in operating income, a four percent year-over-year profit increase.

Samsung Mobile expects sales of its low-cost phones in the Galaxy A and J series to grow in the coming months. All in all, this was Samsung’s most profitable quarter in three years as the company has clearly bounced back from the global Note 7 recall. Read More

 
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