All items tagged with "Tim Cook"

10 key takeaways from Apple’s expectation-crushing earnings call

Photo: Apple

Record iPhone sales keep Apple’s money machine humming. Photo: Apple

Apple surpassed analysts’ expectations with $42.1 billion in revenue in the back-to-school season, buoyed by unprecedented iPhone sales and surprisingly strong demand for Macs.

While breaking down the Q4 2014 numbers during today’s earnings call, Apple CEO Tim Cook and CFO Luca Maestri offered insights into the company’s Q4 performance in China, the struggling iPad and hints of new product categories coming down the pipeline.

Here are the biggest takeaways.

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Hilarious song pays homage to Apple’s ‘Chairman Honeycrisp’

Tim Cook unveiled the rest of Apple's 2014 lineup today. Photo: Apple

Tim Cook Chairman Honeycrisp took to the stage at yesterday’s Apple keynote. Photo: Apple

Tim Cook sure is picking up a lot of nicknames as of late. At the iPhone 6 keynote he was dubbed the “Zen Master of hardware and software” by U2’s Bono, and at yesterday’s iPad event he was given the codename “Chairman Honeycrisp” as part of the entertaining Stephen Colbert secrecy skit.

Taking the latter nickname as his inspiration, YouTube’s resident Apple songsmith Jonathan Mann (whose work we profiled earlier this week) put together his customary post-keynote song, highlighting the October 16 Apple media event.

The result may not quite hit the highs of Mann’s superb WWDC tribute (a song that is still stuck in my head months later), but it’s worth a watch for the repeating “Intergalactic Chancellor Chairman Honeycrisp” chorus alone.

Check out the video after the jump:

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Everything’s better and faster. How could Apple be so boring?

Tim Cook bores the world with even more amazing Apple products. Yawn. Photo: Apple

Tim Cook bores the world with even more amazing Apple products. Yawn. Photo: Apple

Was Apple’s livestreamed iPad event really such a big yawn? Search Twitter for “#AppleEvent yawn” or “Apple boring” and you’ll see tweet after tweet bemoaning the boring nature of Thursday’s press conference. It got so tedious for some, there were dozens of photos of napping dogs.

“Most boring Apple event ever,” tweeted one. “Bring back the Chinese translation.”

Maybe some of those folks are being facetious, but there’s a grain of truth in the tweets: Nothing about Thursday’s event, except for maybe Stephen Colbert’s crackup comedy bit with Craig Federighi, was super-compelling on the surface. Many of the specs had been leaked (some even by Apple itself), and the rumor mill proved pretty accurate in the run-up to the presentation.

Still, this was no Phantom Menace. I mean really, what were people expecting? Jetpacks, aliens and electric cars?

This is Apple’s big dilemma right now: How do you top yourself when you make the best products in the world?

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Carl Icahn thinks his Apple stock should be worth double current value

Credit: Tactus.com

Credit: Tactus.com

It’s likely that Tim Cook doesn’t exactly look forward to hearing from Carl Icahn, but it’s difficult to argue that the activist investor isn’t a massive cheerleader for Apple.

As promised, Icahn published his open letter to Tim Cook today and the big surprise (spoiler alert!) is that he feels his 45 million shares of AAPL stock are grossly undervalued.

In a message entitled “Sale: Apple Shares at Half Price,” Icahn explains why he believes Apple stock is currently trading at half its true value, instead claiming it should be priced at $203 per share — based on growth forecast for the next two years, alongside the company’s massive cash reserves.

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Bullish investor Carl Icahn promises open letter to Tim Cook tomorrow

Credit: Tactus.com

Credit: Tactus.com

Bullish activist-investor Carl Icahn is back again! In a tweet sent earlier today, Icahn noted that he plans to send Tim Cook an open letter tomorrow. The contents of this letter are unknown, but Icahn promises it will be “interesting,” to say the least.

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10 memorable Apple auctions we wish we’d won

iPhone 6 officially goes on sale in China on October 17

iPhone 6

iPhone 6 is finally coming to China. Photo: Apple

iPhone 6 and iPhone 6 Plus will officially be available to pre-order in China from Friday, October 10, ahead of their launch a week later, Apple has confirmed. The news comes just hours after the Cupertino company’s new smartphones finally received approval from China’s Ministry of Industry and Information Technology.

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Tim Cook’s alma mater fires up T-shirt Gatling gun

Tim Cook’s alma mater fires up T-shirt Gatling gun

School spirit is seemingly alive and well at Tim Cook’s alma mater of Auburn University, courtesy of a, err, T-shirt Gatling gun.

The video appeared on YouTube, via Wall Street Journal Apple reporter Daisuke Wakabayashi, and shows free t-shirts being fired into the crowd at a recent Auburn Tigers game.

Two things leap out from the video. The first one: we hope no-one was hurt by what looks to be a military barrage of clothing. Secondly: was the above video shot using the new dazzling 240fps slo-mo feature of the iPhone 6?

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EU plans to publish details of Apple’s alleged tax evasion

taxcodenanostewart

Apple could be made to repay unpaid tax in the EU. Photo: The Daily Show

Regulators are set to break down the reason tax deals given to Apple in Ireland violate EU laws, according to people familiar with the matter.

The European Commission began formal investigations into the tax avoidance issue back in June, and plans to publish its findings as early as today — with the claim that tax deals between Apple and the Irish government could fall under the heading of illegal state aid.

While Apple has yet to make a comment on the matter, the Irish government has spoken up; describing its position as “confident” that the Apple deal represents “no breach of state-aid rules.” It claims that it has already submitted a formal response to the European Commission, in which it addresses in detail “the concerns and some misunderstandings.”

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Top Apple execs sell $143 million worth of stock

Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Tim Cook, Phil Schiller and others sold Apple stock at a time when it was hitting record highs.

Five top Apple execs — including Tim Cook and Phil Schiller — unloaded $143 million AAPL shares as part of a 10b5-1 planned sale, according to a new report from Barron’s.

Cook sold 348,425 Apple shares for $35,250,297, while Schiller dropped 348,846 shares for $35,256,000.

Other Apple higher-ups who did the same include CFO Luca Maestri, who sold his entire direct holdings for $1,631,286; Jeffrey E. Williams, senior vice president of operations, who raked in $35,233,446; and Bruce D. Sewell, general counsel and senior vice president of legal and government affairs, who made $35,393,915 on the deal.

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