All items tagged with "Tim Cook"

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


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.

Read the rest of this post »

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


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:

Read the rest of this post »

China Mobile Finally Begins Selling iPhones To Its 763 Million Customers


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:

Read the rest of this post »

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.

Read the rest of this post »

Apple Reaches Settlement With FTC Regarding In-App Purchases


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:

Read the rest of this post »

Subscribe to the Cultcast

What Apple’s Massive 2013 Buying Spree Means For The Future [Year In Review]

Apple's headquarters in Cupertino, California (image taken by Benjamin Feenstra)

Apple’s headquarters in Cupertino, California (image taken by Benjamin Feenstra)

It was widely reported in January that Apple was in talks to buy Waze, an Israeli startup with a hugely popular maps app. Waze was rumored to be asking Apple for $750 million. The same outlet that broke the acquisition rumor quickly backpedaled and said no such deal was taking place. Google ended up buying Waze in June for $1 billion.

And so goes the buyout game in Silicon Valley, a power play where tech giants like Apple and Google court hot startups with the hopes of adding them to their war chests.

Apple had its biggest year ever for acquisitions in 2013, with a record 15 smaller companies joining the fold. A dozen of them have now been publicly disclosed.

For an entity as secretive as Apple, examining the companies it buys is one of the only ways to peek into its future plans. When AuthenTec, a company that specialized in fingerprint readers and identification software, was purchased in July 2012, speculation immediately followed. What did Apple want with fingerprint sensors? The answer ended up being obvious, and the technology debuted in Touch ID in September 2013.

Often the outcome of an Apple acquisition isn’t so immediately apparent.

Historically, Apple acquires far fewer companies than its competitors. But the line is starting to blur. Google publicly bought three times as many companies as Apple in 2012 and not even twice as many in 2013. Apple bought more companies than Microsoft in 2013.

So what does all of this say about Apple’s future?

Read the rest of this post »

Tim Cook Earned Almost $4.3 Million In 2013


Tim Cook was paid $4.25 million in 2013, according to a regulatory filing reported by Apple on Friday.

This figure broke down as $1.4 million in salary, and a further bonus bonus of $2.8 million. Cook’s other compensation included $52,721 in company contributions to his 401(k) account, life insurance premiums, and vacation cash-out.

Read the rest of this post »

Apple Has Clearly Been Good This Year As Stock Surges To 2013 High


Tim Cook has talked about this being an “iPad Christmas”, but plain calling it an Apple Christmas might be altogether more accurate — as Apple surged to a 2013 new stock high following news of the recent China Mobile deal.

Apple stock gained 3.8 percent to end Monday trading at $570.09, reflecting what Creative Technologies analyst Tim Bajarin has called, “a huge deal for Apple.”

Although it hit several year highs over the past several months, Apple stock prices had been depressed for some of 2013 as investors appeared concerned regarding a supposed lack of innovation from the company.

More recently, share prices had wavered as nervous shareholders fretted that the long-reported China Mobile deal wasn’t happening as fast as they hoped.

Although analysts are still arguing over the long-term impact the China Mobile deal is likely to have, this strong year finish nonetheless bodes well for Apple in 2014.

Twitter, Facebook, and Google shares also finished strong after the day’s trading.

Long-Awaited China Mobile Deal Offers Up 760 Million Potential iPhone Buyers


Apple investors got their Christmas wish: The China Mobile deal, which could add billions of dollars to Apple’s revenue, has finally materialized.

The iPhone will be available to China Mobile customers beginning January 17, Apple announced Sunday, with pricing and availability to be released at a later date.

Read the rest of this post »

Obama Is A House Of Cards Fan, And Tim Cook Says They Had A “Great Meeting” Today

Screen Shot 2013-12-17 at 3.49.30 PM

(That’s Tim Cook next to Eric Schmidt on the bottom left.)

Yesterday the White House announced that President Obama would be meeting with a number of tech executives today about, the NSA, and how tech is converging the public and private sectors. Another topic of discussion ended up being Netflix’s popular House of Cards series, and apparently Obama is a fan.

While leaving the panel with the President and 14 other American executives, Tim Cook told a reporter that they had “a great meeting.”

Read the rest of this post »