Despite its revenue miss and revised guidance, Apple has topped financial targets for fiscal 2018 so the company's board has decided to give CEO Tim cook a 22% increase in pay.
Apple has cut its sales outlook for the first time in over a decade, but CEO Tim Cook has assured employees in an internal memo that he won’t blame external factors for the overall slowdown in iPhone sales in China and a variety of other business issues.
After slashing Apple's revenue guidance for the important holiday quarter by a whopping $7 billion amid a slowdown in China and iPhone sales deceleration, Tim Cook will hold an all-hands meeting with workers today to assuage any concerns they may have about the situation.
Following Tim Cook's unexpectedly long and detailed open letter to investors in which he revised Apple's projected earnings for the lucrative holiday quarter, the company said today it will be holding a conferences call with Wall Street investors and analysts to discuss the latest quarterly earnings on Tuesday, January 29, at 2:00pm PT / 5:00pm ET.
John Giannandrea, Google's former search chief, was promoted today to Apple's executive team as Senior Vice President of Machine Learning and Artificial Intelligence Strategy, becoming one of 16 executives who report directly to CEO Tim Cook.
Corel, Canada's longstanding maker of software titles for creative pros, announced Thursday that it's acquiring virtualization software developer Parallels.
Apple needs more office space for its growing army of employees so the company announced Thursday that it would be building a new $1 billion campus in Austin, Texas, as well as establish new sites in Seattle, San Diego and Culver City, California.
Ashish Chowdhary, Nokia's Chief Customer Operations Officer, will be departing the company at the end of this year after 15 successful years to join Apple starting in January of 2019 as its new head of India operations.
Apple's corporate culture is on prominent display on the company's recently updated jobs site. The biggest change is the introduction of a new video that welcomes possible recruits to the company.Â
Apple is acquiring San Francisco-based Asaii, an automated analytics and artists and repertoire (A&R) platform for the music industry powered by machine learning and artificial intelligence. The transaction is valued at less than $100 million, Axios reported this morning.
Apple has agreed to pay $600 million to buy parts of Dialog Semiconductor, an Anglo-German supplier of power management chips and technologies. The move hints at Apple’s further custom semiconductor efforts in areas like power management and charging. Under the terms of the agreement, Apple is getting Dialog's patents, a team of about 300 engineers representing sixteen percent of Dialog's workforce and the company's offices in Europe.
Apple will report earnings and other financial metrics pertaining to its fourth fiscal quarter (which corresponds to the third calendar quarter) on Thursday, November 1.