By Cody Lee on Nov 21, 2013
Last month, Apple announced that it had finally found its new head of retail after nearly a year of searching. Her name is Angela Ahrendts, the current CEO of British fashion house Burberry, and she’s believed by many to be a great choice.
And apparently Fortune agrees. The business news outlet has named Ahrendts #4 in its 2013 list of top executives. The list is an annual affair, and is filled with execs who defied expectations, led big turnarounds, and delivered big results… Read More
By Christian Zibreg on Nov 21, 2013
In an unusual move yesterday, Apple CEO Tim Cook reached out to company employees via a video message urging them to familiarize themselves with Apple’s Business Conduct Policy. The message, posted to Apple’s internal system, quotes Dr. Martin Luther King Jr saying “The time is always right to do what is right” in order to encourage employees to speak up about conduct that may violate Apple’s policy.
Along with the video message, employees also received an email from Apple’s top lawyer who goes on to reiterate Apple’s core values of honesty, respect, confidentiality, and the “critical obligation of every Apple employee to adhere to legal principles”, such as antitrust and anti-corruption laws.
Apple has even put together a new code of conduct iBook for employees with multimedia content including galleries, video, audio and multitouch widgets. The full message is right after the break… Read More
By Cody Lee on Nov 4, 2013
In a rare occurrence, Tim Cook has spoken out in support of the pending Employment Nondiscrimination Act. The CEO penned an open letter, which ran in the Opinion section of The Wall Street Journal last night, urging Congress to approve the END Act.
The legislation would prohibit a number of civilian, non-religious companies in the US from discriminating on the basis of sexual orientation or gender identity. And in his letter, Cook explains that a safe welcoming work environment is good for business… Read More
By Cody Lee on Oct 28, 2013
We’re continuing to dig through our notes from Apple’s earnings call earlier this afternoon, as a lot of stuff was discussed during the 1-hour broadcast. In addition to financials, Cook and co. offered up some great insight into their operations.
We’ve already mentioned a few interesting tidbits, and we’ve just come across another in a comment from Tim Cook on the iPhone 5c. As we’ve said a few times now, Cook confirms that Apple never intended the 5c to be an entry-level phone… Read More
By Christian Zibreg on Oct 28, 2013
Rallying up the troops, Apple’s boss Tim Cook has shot an email to all Apple employees, hot on the heels of the company’s strong September quarter earnings report. As collaboration is now a recurring theme at Apple, Cook has made point of expressing his pride with the collaborative effort that has gone into Apple’s latest products.
Apple “has never been stronger” as a result of tighter collaboration between the teams across the company, he remarked. He’ll be addressing employees in a company-wide meeting tomorrow, which will be broadcast to Apple’s teams across the globe. I’ve got the full contents of Cook’s email memo right below… Read More
By Christian Zibreg on Oct 28, 2013
In addition to the iPad’s outstanding (yet perfectly plausible) 94 percent share in education (bonus: other amazing stats), Apple’s boss Tim Cook cautioned Wall Street analysts and investors on an earnings call that not everyone may get their hands on an iPad mini with Retina display when it starts shipping in late-November.
It gets worse: he wasn’t confident in Apple’s ability to make enough Retina iPad minis to satisfy Christmas quarter demand either… Read More
By Cody Lee on Oct 28, 2013
The last two months have been very busy for Apple, as the company has refreshed a number of its devices including the iPhone, iPad, the MacBook Pro and Mac Pro. But missing from the fall’s festivities was an all-new product.
The good news, though, is that it appears at least one is on the way. During its quarterly earnings call today, Tim Cook said Apple believes it has the skills to create ‘great products’ in categories it’s not currently participating in… Read More
By Ed Sutherland on Oct 24, 2013
There’s nothing like a good dogfight between two tech titans to get your blood flowing. After a hiatus from its sniping at Apple, Microsoft is back, calling the decision to offer iWork and iLife software free “no big deal”. Sure Microsoft, whatever you say.
But Redmond didn’t stop there. In a Wednesday blog post, the software giant’s communication vice president paints Apple’s move as desperate, before launching into a rally-round-the-flag sort of promo for the new Surface tablet.
All of which reminds me of the Hamlet quote about protesting too much… Read More
By Ed Sutherland on Oct 22, 2013
As China becomes more important to Apple’s bottom line, the iPhone maker will need to grease the wheels to ensure products are timely approved. In a step in that direction, Apple CEO Tim Cook has joined the advisory board of a prestigious engineering university – which also happens to include a number of prominent Chinese politicians.
Cook, who is also a Nike board member, has added his name to a panel assisting Tsinghua University’s School of Economics and Management (SEM), according to a report. As markets such as North America and Western Europe mature and growth slows, tech companies like Apple view China as a way to take up the slack… Read More
By Christian Zibreg on Oct 15, 2013
In a surprising late-night press release, Apple said it’s finally found its new retail chief. In case you missed it, soon-to-be-former CEO of clothing retailer Burberry will be joining the iPhone maker as its new SVP of Retail, responsible for both Apple’s online and offline stores and retail operations across the world.
Today, CEO Tim Cook issued a memo to Apple employees explaining why Angela – after John Browett’s much maligned and short stint as Ron Johnson’s replacement – is “the best person in the world for this role”… Read More
By Ed Sutherland on Oct 9, 2013
Apple is a bit like a black hole: only by detecting its effect on nearby objects can observers discern its real intention. The latest clue to Apple’s China card is a job posting seeking a networking expert in a technology only used by China Mobile. The engineer would be based in Beijing, supporting China Mobile’s 3G technology TD-SCDMA, as well as TD-LTE, which the world’s largest carrier is testing.
This latest report comes as the iPhone maker supposedly nears a deal with the carrier, which counts 63 percent of China’s 1.2 billion wireless consumers among its subscribers. Still, Apple refuses to comment… Read More
By Ed Sutherland on Oct 7, 2013
After spending the summer in the hot seat over its tax strategy, Apple has received the all-clear sign from federal regulators. In a September letter, Securities and Exchange Commission investigators who’d been looking into Apple’s finances gave the iPhone maker some good news, saying the agency plans to take no action at this time.
In May, Apple CEO Tim Cook testified before the Senate Permanent Subcommittee on Investigations, telling members his company pays all taxes it owes. Like the subcommittee, the SEC apparently found no wrongdoing on Apple’s part… Read More
By Cody Lee on Oct 4, 2013
Tomorrow marks the two-year anniversary of Steve Jobs’ passing. The occasion is sure to stir up a lot of feelings for a lot of people, as he meant so much to so many.
With that in mind, Tim Cook sent out a brief internal letter to Apple employees today, reflecting on Steve and what he meant to him, the company, and the world… Read More
By Ed Sutherland on Oct 2, 2013
Some people collects rocks, other people collect stamps. Apple, however, likes cash. Turns out the iPhone maker, all by itself, controls ten percent of all corporate cash in the United States.
Just how much is that? New data shows Apple’s bank account of $147 billion represents ten percent of the $1.48 trillion held by non-banking U.S. companies.
Here’s another factoid to make you even more uneasy about that measly savings account of yours: all together, Microsoft, Google, Cisco and Pfizer – not exactly nickel and dime operations – account for another fifteen percent of all U.S. corporate cash… Read More
By Ed Sutherland on Oct 1, 2013
Dinner with billionaire investor Carl Icahn often gives corporate CEOs heartburn. Icahn is known for buying company shares, then pushing for changes – and it is no different with Apple. Monday night Icahn asked Apple CEO Tim Cook to increase to $150 billion the amount of stock the iPhone maker plans to buy back, more than doubling Apple’s previously pledge of $60 billion. Last night’s New York City dinnertime discussion comes after Icahn invested somewhere near $2 billion in Apple in August. Reports say the activist investor sees Apple shares still undervalued… Read More
By Christian Zibreg on Sep 30, 2013
“I realize many of you worked tirelessly to bring us this far. I know it required great personal sacrifice,” wrote Apple’s boss Tim Cook in an email to the company’s employees before making a surprise announcement.
“In recognition of your incredible efforts and achievements, I’m happy to announce that we’re extending the Thanksgiving holiday this year,” reads the memo.
Although the extended Thanksgiving holiday won’t apply to Apple’s retail and support army “so we can continue to serve our customers,” the rest of Apple will shut down with pay on November 25, 26, and 27, Cook wrote. I’ve included the full contents of Cook’s email to employees right below… Read More
By Ed Sutherland on Sep 20, 2013
What are the privacy implications of the iPhone 5s fingerprint sensor? U.S. Senator Al Franken wants Apple CEO Tim Cook to answer that question and more. In a published letter to Cook, Franken writes that “important questions remain about how this technology works.” In addition, the senator wants the Apple chief to explain how the Touch ID sensor may be used in the future.
In response, Apple published online a document explaining that fingerprints obtained by the new iPhone 5s are walled-off from the iOS software and application developers… Read More
By Ed Sutherland on Sep 20, 2013
If it is Friday, you must be standing in line for the new iPhones. As the iPhone 5c officially hits stores and the iPhone 5s opens for both pre-sales and retail customers, Apple describes the rush to own the new smartphones as “incredible.” From a Silicon Valley appearance by CEO Tim Cook to Hong Kong’s own gold rush, talk of a down-and-out Apple is forgotten amid the lines and excited iPhone fanatics.
Acknowledging to AllThingsD that some models of iPhone 5s are “sold out or in limited supply,” Apple reportedly is asking its suppliers to increase production by a third.
Gold is in – particularly when it comes to Apple’s just-released iPhone 5s… Read More
By Christian Zibreg on Sep 19, 2013
Last time an Apple executive gave a detailed interview to Bloomberg Businessweek was in December 2012, when CEO Tim Cook talked Scott Forstall, collaboration and management changes.
Following last week’s iPhone 5s and iPhone 5c introduction and yesterday’s release of iOS 7, the most significant visual change to Apple’s mobile operating system since the original iPhone, the publication interviewed Cook and his lieutenants, design guru Jony Ive (who designed iOS 7) and software head honcho Craig Federighi.
In a wide-ranging interview, the three men discussed iOS 7, collaboration, competition, Android, the so-called cheap iPhone and other topics.
I’ve included the best quotes right below… Read More
By Cody Lee on Sep 10, 2013
Great news folks, the moment we’ve all been waiting for is finally here! Tim Cook has just taken the stage in Cupertino, meaning Apple’s iPhone event has begun and we are just moments away from seeing the new smartphone.
As usual, the CEO is getting things started this morning by going over some significant sales numbers and achievements for the company over the past year. And also as usual, we’re collecting and posting them for you after the fold… Read More