All items tagged with "Tim Cook"

Kanye West Tells Tim Cook To ‘Quit Trying To Act Like You’re Dumb’ [Video]

(Credit: Steven Klein/Interview magazine)

(Credit: Steven Klein/Interview magazine)

Successor to Steve Jobs, BFF of Steve Wozniak, and all-around “creative genius” Kanye West had some harsh words for Tim Cook over the weekend.

Speaking/singing on stage at a Saturday night show in Newark, NJ, West blasted the Apple CEO for allegedly asking him to perform for free at an Apple event.

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You Can Become Tim Cook’s Next-Door Neighbor For Only $2.8 Million

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Getting Apple to dish on secrets is practically impossible, but if you’re looking for an inside line to one of the most powerful CEOs in tech, the house next door to Tim Cook just went on the market.

That’s right, even you could become Tim Cook’s neighbor, as long as you got a cool $2.8 million in the bank to drop on a condo.

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Apple Has Bought Back $14 Billion Of Its Own Shares Over The Past Two Weeks

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Tim Cook has acknowledged that Apple has bought back $14 billion of its own shares over the past two weeks — reacting to an 8 percent decline in shares following the recent financial quarter results.

In an interview with the Wall Street Journal, Cook admitted that he was “surprised” by Wall Street’s reaction to Apple’s last quarter, in which the company broke records by selling 77 million iOS devices over the holiday season.

Apple’s recent share repurchase is the largest of its kind for a company of Apple’s size over a similar timespan. During the past 12 months, Apple has bought back $40 billion of its own shares — part of a plan to repurchase a total of $60 billion. In the past two weeks Cook says that Apple bought $12 billion of its shares through an “accelerated” repurchase program, and a further $2 billion on the open market. Apple plans to disclose updates to its buyback program either next month or in April.

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85% Of Apple’s Power Comes From Green Energy Sources [Report]

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Apple is the fourth greenest tech/telecoms company — generating  85 percent of its power through green power sources — according to a new list published by the US Environmental Protection Agency (EPA).

The recently published report compares the amount of power used by America’s top technology and telecom firms with the percentage that comes from renewable “green” resources, such as wind, solar, bio-gas and other options.

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Tim Cook Visits Ireland To Talk Taxes With Prime Minister

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Irish Prime Minister Enda Kenny

Tim Cook has made a journey over to Ireland this week to visit with staff at the company’s Cork offices. Along with addressing the 4,000 employees responsible for assembling the MacBook Pro, Cook also met up with the country’s prime minister, Taoiseach Enda Kenny today to talk about Apple’s presence in the country, and the Irish tax laws that help it avoid paying billions extra.

The Irish Prime Minister denied claims that the Irish government courts multinational companies like Apple to give them special deals on their corporate tax rate. According to a report from theJournal.ie, Edna Kenny said the tax issue came up during his conversation with Cook and told him they’re in discussions with the OECD about an international response, but the country’s statutory rate of 12.5% applies to all companies.

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Tim Cook Talks Mac, Customer Emails, ‘iRing’, And NSA In ABC Interview

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As part of Apple’s celebration of the Mac’s 30th anniversary, the company invited David Muir of ABC News to its Cupertino headquarters for a rare interview with CEO Tim Cook. A couple teaser clips have already aired, and the full special will premiere tonight on ABC’s World News With Diane Sawyer.

In the interview, Cook was joined by Apple executives Craig Federighi and Bud Tribble. Federighi is in charge of Apple’s software, and Tribble was a member of the original Apple Macintosh design team.

There are several juicy tidbits to be gleaned from the interview excerpts, including the confirmation that Apple’s new factory in Arizona will manufacture sapphire glass. Cook also shared his thoughts on the iWatch rumors, NSA, and more.

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Icahn Says Apple’s Mistreating Shareholders, Buys $500 Million More Shares

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Carl Icahn’s relationship with Apple has been rocky ever since he became the company’s most loquacious investor last Fall. While ribbing Tim Cook publicly with one hand for not doing a bigger buyback, the other has been busy forking over fat stacks of cash for more and more AAPL shares.

This morning Carl went classic Icahn and took to Twitter again to complain about Cook and the Apple board not giving him and other investors more money with his proposed $50 billion buyback, while also announcing he’s been gobbling up AAPL shares faster than Jaws went after those guys on the boat:

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China Mobile Finally Begins Selling iPhones To Its 763 Million Customers

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After years of speculation — and some incredibly drawn-out contract negotiations along the way — China Mobile finally began selling iPhones today.

Tim Cook was in Beijing for the launch, where he handed out autographed iPhones to customers, alongside China Mobile Chairman Xi Guohua. Cook tweeted the following:

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Tim Cook Responds To Thai Customer’s iPhone Request

(Credit: Techinasia)

(Credit: Tech in Asia)

Soon after Tim Cook took over running Apple, we reported that he was following the example of predecessor Steve Jobs in terms of responding to customer emails.

Two-and-a-half years on, it seems nothing has changed.

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Apple Reaches Settlement With FTC Regarding In-App Purchases

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After negotiating with the Federal Trade Commission for months regarding the use of in-app purchases in the App Store, Apple has reached a consent agreement with the agency, according to a company-wide email Tim Cook just sent employees.

Apple’s in-app purchases practices have frustrated regulators since debuting in the App Store back in 2009. In his letter to employees, which was obtained by Re/code, Cook says a host of complaints from customers led Apple to investigate its practices. Last year Apple emailed 28 million App Store customers regarding their in-app purchases and subsequently refunded more than 37,000 in-app purchases that parents claim were unauthorized. The FTC announced that Apple will refund $32.5 million to customers as part of the settlement.

The settlement also requires Apple to change its billing practices by March 31 to ensure customers give their informed consent before billing them for in-app purchases. Apple also has to add an option for customers to remove that consent at any time.

Cook says “it doesn’t feel right for the FTC to sue over a case that had already been settled. To us, it smacked of double jeopardy,” but the FTC’s deal isn’t going to require Apple to do anything extra, so they decided to sign it and move on.

Here’s the full letter:

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