Apple’s cash pile heads for $250 billion milestone

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Apple raked in the cash last quarter.
Apple raked in the cash last quarter.
Photo: Jim Merithew/Cult of Mac

Apple’s second quarterly earnings report of 2017 will likely reveal the company now has over a quarter of a trillion dollars of cash stashed in the bank.

The iPhone-maker has so much cash its reserves exceed the foreign-currency reserves of the U.K. and Canada combined. During the last quarter of 2017, Apple’s money-making machine was earning $3.6 million per hour.

Tim Cook set to advise Trump’s ‘Office of American Innovation’

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Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Photo: Sean Spicer/Twitter

President Donald Trump is set to unveil a new government office today that’s tasked with overhauling federal bureaucracies, and he’s asked Tim Cook and other tech leaders for advice.

Even though Trump sparred with Cook on numerous issues during his presidential campaign, the Apple CEO will reportedly lend a hand to the Office of American Innovation. The new office will be led by Trump’s son-in-law, Jared Kushner, and will be tasked with making the country run more like a “great American company.”

Apple loses another key employee to Tesla

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Tesla is siphoning engineering talent from Apple.
Tesla is siphoning engineering talent from Apple.
Photo: Ste Smith/Cult of Mac

The battle between Apple and Tesla to attract top talent revved up to a new level this week after another key employee for the iPhone-maker defected to Elon Musk’s auto company.

Matt Casebolt, who made key contributions to the design of the original MacBook Air, has reportedly left the company to work as an engineer for Tesla.

What they said: Best Apple quotes of 2016

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Best Apple quotes 2016
If you can't say something nice ...
Image: Ste Smith/Cult of Mac

2016 Year in Review Cult of Mac The world of quotes is a poorer place without Steve Jobs, who was a quote machine. Nonetheless, plenty of people talked about Apple this year, whether lauding the company’s successes or damning its strategies.

Here are the most memorable Apple quotes of 2016.

Tim Cook and other tech titans meet Trump in his tower

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Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Peter Thiel separates Tim Cook and Donald Trump at tech summit.
Photo: Sean Spicer/Twitter

Trump Tower in New York City became the site of the biggest meeting of tech figures in years Wednesday, as President-elect Donald J. Trump called together Silicon Valley’s elite for a meeting of the minds.

Apple CEO Tim Cook was among those in attendance and was seated within arm’s reach of the Trump, even though Cook  previously has been criticized by the recently elected Republican. Trump also called for a boycott against Apple products during the blistering presidential campaign.

5 years after his death, Steve Jobs remains among top ‘current’ tech leaders

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Steve Jobs was anything but a bust as CEO.
Steve Jobs is still one of the most revered leaders in tech.
Photo: China News

Put it down to Steve Jobs’ astonishing legacy — or poor reading comprehension — but according to a poll of 700 tech company founders, the late Apple CEO is among the most admired “current” tech leaders.

Despite having died five years ago, Jobs scored fourth place in the poll, following Tesla and SpaceX founder Elon Musk, Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos.

Elon Musk thinks Apple Car will come too late

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Musk is confident Telsa will beat the Apple Car.
Musk is confident Telsa will beat the Apple Car.
Photo: Recode/Facebook

Apple should have started development on the Apple Car a lot earlier than it did, according to Space X and Tesla CEO Elon Musk.

The real-life comic-book superhero sat down for an interview at Code Conference and said that when it comes to autonomous cars, Google won’t be a competitor because they’re not a car company, however Apple will be.

Musk thinks it may be too late for Apple to be truly competitive though.

Apple’s changing auto design without even having a car out

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Apple car truck
We're pretty sure the Apple Car won't look like this. Not a chamfer in sight.
Photo: devastatormonstertruck.com

We haven’t even gotten an official announcement of the Apple Car yet, but it looks like the company is still working its way into the automotive industry.

That’s according to the staff at car news site The Drive, which placed Apple’s chief design officer Jony Ive and CEO Tim Cook on its list of “The 10 Most Influential People in Automotive Technology.” They didn’t top the list, however; that would be crazy. But they did place higher than some people who are actually in charge of real vehicles that people are driving around right now.

But The Drive backs its decisions up pretty well.