Apple is set to report its earnings for the Christmas quarter on Tuesday after the market closes. Before the numbers hit in roughly 24 hours, Bloomberg has averaged numbers from Wall Street analysts to see how the company may fare. And as Business Insider puts it, this earnings report is going to be the big one. Read More
Tim Cook received compensation of $9.22 million last year for his work as Apple’s Chief Executive Officer, according to a new SEC filing by the company. Bloomberg points to the documents, noting that Cook was paid out $1.75 million and $6.7 million in non-equity incentive compensation for the fiscal year that ended in September.
The amount is more than double Cook was paid for his work in 2013, with much of the boon coming as Apple’s stock reached an all-time high late last year. Apple unveiled several new products in the fall, including long-awaited larger-screened iPhones, a new payment system, and a wearable that it expects to sell well when it launches in March. Read More
Apple has plans to announce a $200 billion program to buy back shares and raise its dividend, heavily upgrading its current buyback program announced three years ago, analyst Kulbinder Garcha of Credit Suisse told CNBC. Furthermore, Garcha raised the stock to “outperform” from “neutral”, seeing the stock rising 19 percent over the next year. Read More
Time Warner’s Cable News Network (or CNN) has named Tim Cook its “CEO of the Year” for 2014. Cook finished ahead of several other high profile chief executives including Meg Whitman of HP, T-Mobile’s John Legere and Yahoo’s Marissa Mayer.
CNN justifies its picking of Tim Cook for the prestigious honor by pointing to his company’s stock performance this year. “Apple is the apple of Wall Street’s eye again” the outlet says, noting that shares of AAPL are up 40% in 2014 an near all-time highs. Read More
An undercover documentary released yesterday by the BBC about working conditions in Pegatron’s iPhone factories has reportedly sent CEO Tim Cook and the rest of Apple’s executive team through the roof, The Telegraph reported Friday.
BBC’s investigative report makes fresh allegations about continued poor working conditions at the iPhone manufacturing facility on the outskirts of Shanghai. The documentary’s found poor treatment of workers after Apple’s stated several times that it’s cleaned up its act.
The full video of the BBC documentary surfaced on YouTube this morning though it’s probably going to get taken down soon so we’ve embedded it for your viewing pleasure. Read More
The BBC launched an investigation into a Pegatron plant that Apple uses to manufacturer its products in China, and found poor treatment of workers, after Apple has stated several times that it’s cleaned up its act.
The British media giant found standards on workers’ hours, ID cards, dormitories, work meetings and juvenile workers were being breached at the Pegatron factories. It even recorded workers falling asleep on the production line after a 12-hour shift. Read More
Apple raised more than $20 million this holiday season to benefit Product Red, an organization that partners with companies to fight AIDS in Africa.
Recode obtained a copy of an email from Apple CEO Tim Cook to employees on Wednesday, congratulating them on their charitable work, which now totals $100 million total to Product Red in recent years. Read More
The Financial Times newspaper on Thursday announced it’s picked Apple’s boss Tim Cook its Person of the Year. Although Apple’s chief executive faced criticism since taking the helm of Apple following Steve Jobs’ passing, he did manage to turn things round in 2014, the paper said.
Cook’s maniacal focus on Apple’s financial performance has managed to please investors, while new products such as the bigger iPhones and the Apple Watch took naysayers by surprise.
That he publicly came out as gay to become the first openly gay Fortune 500 CEO and took the time to made some smart hiring decisions didn’t hurt either, notes the article. Read More
In October, Apple CEO Tim Cook participated in an interesting on-stage interview at The Wall Street Journal’s inaugural WSJ.D Live conference. During the 30-minute discussion, Cook talked about several topics including Apple Pay, Apple Watch and more.
Of course, Cook has done a handful of high profile interviews in recent months, but he does divulge some new details regarding Apple and its products during this talk. We covered some of the highlights here, but now you can watch the whole thing on video. Read More
One of the worst kept secrets in Silicon Valley has now transmuted itself into an official admission after Apple CEO Tim Cook admitted being gay in an essay penned for Bloomberg Businessweek.
Rumors of Cook’s sexual orientation persisted for years as the famously private executive shed little light on his personal life. He’s been open about his lifestyle with many co-workers, though.
“Plenty of colleagues at Apple know I’m gay, and it doesn’t seem to make a difference in the way they treat me,” he said. ”Of course, I’ve had the good fortune to work at a company that loves creativity and innovation and knows it can only flourish when you embrace people’s differences,” he observed, adding that “not everyone is so lucky”.
No matter how you look at it, this is a historic move: the CEO of the world’s most powerful corporation just announced publicly he’s gay. Top-level executives rarely, if ever, discuss their sexual preference out of fear of losing customers, proving that corporate America as a whole still has a long way to go to embrace the individuality and fight against discrimination at workplace.
Cook’s bombshell announcement is a step in the right direction so hopefully a few other high-profile CEOs will follow suit. Read More
Tim Cook took the stage earlier tonight at the Wall Street Journal’s inaugural WSJ.D Live conference at the Montage resort in Laguna Beach, California. The CEO participated in a lengthy interview, as well as a Q&A session, which produced some pretty interesting tidbits regarding Apple and its products.
Of course, given that Cook has done a handful of high profile interviews in recent months, you’ve probably heard some of the stuff mentioned at tonight’s event. However, he does offer up some new information regarding Apple Watch battery life, why the iPod classic was discontinued, and other morsels. Read More
Repeating his favorite line that China, home to 1.33 billion people, is a key market to Apple, CEO Tim Cook said bringing Apple’s revolutionary mobile payments system to the country “is on the top of the list”.
“China is a really key market for us,” Cook told state-run Xinhua news agency Friday. ”Everything we do, we are going to work it here. Apple Pay is on the top of the list.”
Cook and his teams at Apple were still “seeking to understand” the steps needed to make Apple Pay a reality for Chinese customers, the report added. Read More
Tim Cook paid a visit to Foxconn’s iPhone manufacturing plant in Zhengzhou today, one of what could be many stops during his China trip. The Apple CEO tweeted out “Great to meet talented like Zhang Fan, who helps make iPhone 6 in Zhengzhou,” along with a photo.
Cook’s face is a familiar one at many Asian supplier factories, thanks to his long tenure as Apple’s operations chief and the company’s recent commitment to comply with Fair Labor Associations guidelines. In fact, he visited the Zhengzhou plant as recently as spring 2012. Read More
Apple’s boss Tim Cook went to China to meet with a top Chinese government official in Beijing amid allegations of government-backed phishing attempts on users’ iCloud accounts, according to a report by the state-run Xinhua news agency, relayed by Reuters Wednesday.
The meeting coincides with reports by GreatFire.org, a Chinese web monitoring group, alleging that the Chinese government sponsored man-in-the-middle attacks that redirected local users to a fake iCloud.com login page in an effort to harvest Apple ID user names and passwords. Read More
The moment we’ve all been waiting for has finally arrived. Apple’s October 16 media event has officially begun, and CEO Tim Cook has taken the stage to talk about what the company has been up to and how it’s been performing over the past few months.
If you’ve ever watched an Apple event before, you’re probably familiar with how this goes. Cook talks sales figures, retail stats, and praises his team on recent accomplishments. As usual, we’ve rounded up some of the more interesting tidbits for you below. Read More
Tim Cook sent a memo to Apple employees this afternoon, asking them to keep Steve Jobs in their thoughts as they head into the weekend. Sunday will mark the third anniversary of the passing of the company’s highly revered visionary, and Cook asks that staffers reflect on the “many ways Steve made our world better.” Read More
Tim Cook turned up in Manhattan today, to help kickoff the Climate Week NYC 2014 conference. The CEO was invited to speak as part of the ‘enterprise-focused global solutions’ portion of the event, and he participated in a short on-stage interview regarding Apple’s carbon footprint.
More specifically, Cook talked about the various things Apple is doing to reduce its carbon footprint. Not only is it working to ensure that many of its facilities are run on renewable energy, but it’s also working to make impactful changes through its supply chain and at the product level. Read More
Apple this evening launched a new privacy site in an effort to increase transparency on how it protects user data, and to educate users on how they can better protect themselves. Additionally, Tim Cook has posted an open letter to Apple Customers detailing the various sections of the new site, as well as Apple’s stance on user privacy.
The move follows recent bad publicity for Apple, in which its laxed iCloud security measures were blamed for the hacking of high profile celebrity accounts, which resulted in a slew of nude photos being leaked. The company maintains that its servers were never breached, but Tim Cook promised to double down on security anyway.
“With an Apple Watch wrapped around his hand brass-knuckle style, Ive reveals that the project was conceived in his lab three years ago, shortly after Jobs’s death and before “wearables” became a buzzword in Silicon Valley.” This is just one of the many interesting anecdotes in Bloomberg’s new piece on Apple.
Bloomberg Businessweek’s Brad Stone and Adam Satariano interviewed several Apple executives, including Tim Cook, Jony Ive and Jeff Williams, after their big event last week. The conversations cover a wide range of topics, including the new Apple Watch, iPhone 6, and how the culture is changing in Cupertino. Read More