By Christian Zibreg on Nov 25, 2014
Apple’s market capitalization has hit a new milestone, going up 0.8 percent shortly after the market opened Tuesday morning and reaching a market value of nearly $702 billion, higher than any U.S. company in history. By comparison, its previous record market capitalization hit $658 billion in September 2012.
The stock has been rising steadily over the past few months and has picked up speed after the company posted record opening weekend sales for the new iPhones in September and investors reacted positively to the Apple Watch and other new products Tim Cook & Co. unloaded as part of the massive Fall product refresh. Read More
By Christian Zibreg on Nov 10, 2014
Apple’s Campus 2 (aka iSpaceship), a 2.8 million square foot, ring-shaped future home to some 12,000 Apple employees, is going to complement Apple’s current Cupertino, California headquarters. Slated for completion by 2016, the massive project has been photographed from every angle and filmed from the air since Apple broke ground a year ago.
The most recent video that YouTuber ‘Myithz’ shot in 1080p using a DJI Phantom 2 Vision Plus treats us to an aerial view of the upcoming campus as of this past Saturday, November 8.
If the clip is anything to go by, Apple has made quite a bit of progress at the 176-acre site. Preliminary work on the underpinnings of the structure that will actually be built on top is clearly visible, with bits of the actual building beginning to take shape following completion of the foundation a month ago. Read More
By Christian Zibreg on Oct 8, 2014
In its first public comment Wednesday following a totally unepxected bankruptcy filing of its supplier GT Advanced Technology earlier this week, Apple now says it was taken aback by such turn of events while confirming its priority going forward will be preserving jobs at the Mesa, Arizona plant that GT had agreed to run on Apple’s behalf.
Company spokesman Chris Gaither said in a written statement to Reuters, The Wall Street Journal and other major outlets that “we are focussed on preserving jobs in Arizona following GT’s surprising decision and we will continue to work with state and local officials as we consider our next steps”. Read More
By Christian Zibreg on Oct 8, 2014
Following claims by ReCode’s well-informed John Paczkowski that Apple’s been prepping to hold an iPad-focused media event on October 16, the Cupertino company on Wednesday morning confirmed the report by issuing invites to select members of the press, The Loop first reported.
Featuring a colorful Apple logo outline adorned by the the tagline “It’s been way too long,“ the invite prompts the media to attend the event which begins at 10:00am Pacific / 1pm Eastern at the firm’s Town Hall Auditorium in Cupertino, California. Read More
By Christian Zibreg on Sep 1, 2014
Revered technology journalist Anand Lal Shimpi, who founded the well-regarded hardware review website AnandTech seventeen years ago, will be joining Apple to work on undisclosed projects.
The hire was first reported on by Re/code on Sunday evening after Shimpi announced his departure from AnandTech in a blog post.
Just to clear up any confusion about the hire, a spokesperson for Apple has officially confirmed that Shimpi would be soon on the company’s payroll, but stopped short of providing specifics as to what his new role at Apple might entail. Read More
By Christian Zibreg on Aug 15, 2014
Yesterday, Apple’s marketing honcho Phil Schiller undertook the Ice Bucket Challenge. In a tweet accompanied by a series of images showing himself dumping a bucket of ice water on his head at the beaches, Schiller called on Apple CEO Tim Cook to accept the challenge and also get doused, by tagging him in the post.
Sure enough, Cook rose to the occasion and had a bucket of ice water poured over his head by recording artist Michael Franti.
Even better, this all happened in front of company employees who earlier tonight gathered for Apple’s Diversity beer bash at 1 Infinite Loop headquarters. And in an even more peculiar move, the iPhone maker has documented this in a video posted to its official YouTube channel and included for your viewing pleasure right below the fold… Read More
By Christian Zibreg on Aug 12, 2014
Following the tragic death of Robin Williams, Apple has paid tribute to the actor and comedian with a new ‘Remembering Robin Williams’ webpage on Apple.com, in addition to a similar section on iTunes published earlier today.
Moreover, Apple CEO Tim Cook yesterday published a tweet expressing grief and sorrow caused by Robin’s passing.
“Heartbroken by the news of Robin Williams’ passing,” Tim’s tweet reads. “He was an incomparable talent and a great human being. Rest in peace.” The company is also honoring the Oscar-winning actor with a special iTunes Store section featuring more than forty movies and stand up comedy routines.
Williams died yesterday at the age of 63. The actor was found unresponsive at his residence in Marin County, California, and was pronounced dead at the scene. The Marin County Sheriff’s Office wrote in a statement that Williams died of asphyxiation caused by hanging himself… Read More
By Christian Zibreg on Aug 11, 2014
In what seems to be a change of heart for The New York Times which notoriously dissed Apple in a nine-part iEconomy series of articles, the newspaper on Monday ran a rather positive frontage piece about the iPhone maker.
The write-up provides interesting details about Apple University, an internal training program at the firm’s 1 Infinite Loop headquarters in Cupertino, California that teaches future company leaders the Apple way of doing things.
Former Apple CEO Steve Jobs, who passed away nearly three years ago, in 2008 hired former Yale business school dean Joel Podolny to run Apple University. After naming Denise Young Smith its new head of human resources earlier this year, Podolny, who is a vice president at Apple, is now focused full time to teaching the Apple culture to employees… Read More
By Christian Zibreg on Jul 31, 2014
Samsung’s co-CEO and mobile chief J.K. Shin is in the hot seat as the company posts its third straight quarter of operating-profit declines.
It’s fascinating to watch how quickly things are turning for the conglomerate responsible for nearly one-fifth of South Korea’s Gross domestic product.
Operating profits were down sharply, decreasing a whopping 25 percent year over year. More importantly, Samsung’s favorite business metric – the market share – is under pressure, too: its worldwide share of smartphones slipped to 25 percent in the second quarter from 32 percent a year earlier.
This is bad news considering that 76 percent of the firm’s profit comes from smartphones. What gives? Read More
By Christian Zibreg on Jul 30, 2014
Apple’s $3 billion acquisition of Beats Music, a music-streaming service, and Beats Electronics, a highly lucrative premium headphone business, is nearing its completion.
Monday, the European Commission okayed the deal, saying it won’t stifle competition in Europe.
Though still pending regulatory approval in the United States, Apple is expecting to complete the purchase by the end of September.
Analyzing the inner workings of the Cupertino firm in the wake of the Beats acquisition, a reputable publication has shed more light on the transition phase and behind-the-scenes moves… Read More
By Christian Zibreg on Jul 28, 2014
Following a TechCrunch report last Friday which claims that Apple has recently acquired data-style book analytics services BookLamp (basically a “Pandora for books”) to beat Amazon at its own game, Re/code is reporting early Monday that the Cupertino firm has another acquisition target in its crosshairs – a radio/podcast app Swell (“Pandora for talk radio”) which raised $7.2 million from investors including DFJ, Google Ventures and InterWest Partners… Read More
By Cody Lee on Jul 9, 2014
As we reported earlier, Tim Cook is in attendance at Allen & Co.’s annual Sun Valley conference in Idaho this week. The conference is a major gathering for executives in technology and media industries, and has in the past facilitated high profile negotiations.
During a Q&A session this afternoon, Cook was asked if Apple planned to release data on its corporate diversity—something the company has been criticized over many times— at any point. Cook said it will eventually, but right now it’s “more focused on actions.” Read More
By Christian Zibreg on Jul 8, 2014
Apple’s senior engineering manager with the Maps team is leaving the company for Uber, the popular ride-sharing service founded in 2009.
Chris Blumenberg, who long worked on Maps for iOS and OS X and managed Apple’s Maps Apps and Frameworks teams, will be taking a position at Uber, according to a report by The Information.
The departure comes as Apple appears to be ramping up hiring to overhaul the Maps backend.
More importantly, this development reaches us amid talk of internal politics, personal issues and managerial incompetencies allegedly causing significant Maps delays, as evidenced by the lack of major iOS 8 Maps announcements at WWDC… Read More
By Christian Zibreg on Jul 7, 2014
Tim Cook’s recasting of Apple is in full bloom as the CEO pushes executives to be more collaborative while broadening the firm’s legendary laser focus, as per a new report by The Wall Street Journal. The story also mentions that Cook is very much looking to add new directors to Apple’s eight-person board.
That’s hardly a surprise given that six board members are aged 63 or older. It’s also worth mentioning that Cook has inherited the board from Apple’s late co-founder Steve Jobs so these people may not be necessarily 100 percent loyal to Cook in the long run.
Moreover, people familiar with the Apple’s plans told WSJ that the firm will introduce its rumored iWatch with “advanced sensors to track a user’s fitness and health” alongside new iPhones in the Fall, matching up with previous reports… Read More
By Christian Zibreg on Jun 9, 2014
As promised during Apple’s most recent earnings call, the Cupertino, California headquartered consumer electronics powerhouse is set to open on Monday at $92.22 a share as the company puts forth its plan to split stock, its fourth stock split to date.
All common stock owners will receive six additional shares for each share in existence. As a result, the value of each individual share will drop accordingly, but the value of their total holdings will not. Read on for the full reveal… Read More
By Christian Zibreg on May 12, 2014
Should Apple’s rumored $3.2 billion deal to buy Beats Electronics, LCC come through, its most visible co-founders Jimmy Iovine and Dr. Dre could show up on the Moscone West stage to be introduced as Apple executives, as per Billboard. An annual pilgrimage for programmers, Apple’s 5-day Worldwide Developers Conference, or WWDC, kicks off on June 2.
If history is an indication, Tim Cook will share the stage with other senior executives to tell us what’s next for Apple’s mobile and desktop operating systems. Given the amount of coverage WWDC typically enjoys, it would be the perfect venue to make such a high-profile announcement… Read More
By Christian Zibreg on May 8, 2014
Apple is said to be on the verge of finalizing what would class as its biggest acquisition ever, a deal to buy Beats Music in a transaction valued at $3.2 billion. According to a Financial Times report on Thursday, citing people familiar with the negotiations, the deal could be announced as early as next week. Nothing is certain though as the parties have yet to agree on certain specifics so talks could still fall apart. Apple and Beats both declined to comment on the rumor… Read More
By Christian Zibreg on May 7, 2014
San Francisco is many things to many people. To us, geeks, the city is synonymous with hot technology startups that challenge the status quo and strive to change the world. But if you’re a lesbian, gay, bisexual or transgender (LGBT), San Francisco has a much deeper and more personal meaning as it’s home to some of the most vibrant LGBT community on the planet.
Because Apple has always pushed for equality in workplace, it’s really no surprise that the leadership team is encouraging its employees to march in the annual San Francisco LGBT Pride Parade… Read More
By Christian Zibreg on May 7, 2014
Apple’s longtime PR boss, Katie Cotton, is set to retire after spending eighteen years with the company. As Apple’s Vice President of Worldwide Corporate Communications, Cotton managed Apple’s media relations and handled all public relations matters under both Apple co-founder Steve Jobs and current CEO Tim Cook.
Her retirement was first reported by Re/code. An Apple spokesman said Cotton was leaving because she had wanted to spend more time with her family “for some time now”… Read More
By Christian Zibreg on May 5, 2014
Apple has joined SF Gives, a local San Francisco anti-poverty initiative, and has donated half a million dollars to the charity, sources revealed to Forbes Monday. SF Gives was set up by the CEO of non-profit Tipping Point, Daniel Lurie, and Salesforce.com CEO Marc Benioff.
It was established in March to help fight poverty and fund charitable programs in the Bay Area.
Apple is one of many companies supporting the cause. Other corporate contributors include Google, LinkedIn and Zynga, to name a few… Read More