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.”
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.
Thousands of people around the world lined up at their local Apple stores this morning for new iPhones, but only a select few got a meet-and-greet with the company’s CEO.
Tim Cook was at the Apple Store in Palo Alto, California, at 8 a.m. to welcome those waiting in line for the iPhone 6 and 6 Plus. Naturally, the Apple fans couldn’t resist shooting some selfies. See some of the best pictures and videos from Cook’s surprise appearance below.
It already seems like years ago that Apple unveiled its smartwatch. In this #TBT gallery, we relive the glory of last week's big event, as captured by award-winning sports photographer (and iPhoneography aficionado) Brad Mangin.
As the hands-on demo sessions wrap up, a few people linger inside Apple's mystery building.
CUPERTINO, California — I’m a sports photographer, not a tech blogger, so I felt out of place shooting Apple’s big iPhone 6 press event with my iPhone 5s.
Baseball is what I do — I’ve shot nine Sports Illustrated covers — but I swear it was easier getting field access to shoot a World Series game at Fenway Park than dealing with all the people and security at Apple’s event.
This thing was a free-for-all. It was crazy. The place was flooded with media types from all over the world, all standing in line to get into the Flint Center for the Performing Arts, where the event was held.
On Monday, the office of Connecticut attorney general George Jepsen revealed that he had sent an open letter to Tim Cook noting concerns about the privacy implications of Apple Watch, particularly related to the handling of health data.
The second part of Tim Cook’s interview with Charlie Rose is scheduled to air tonight on PBS, and as a teaser the show has released a short video of the CEO explaining that Apple’s stance on user privacy and company transparency is basically to never become like Google.
“You are not our product,” says Cook. “I think everyone has to ask, ‘How do companies make their money?’ Follow the money. And if they’re making money mainly by collecting gobs of personal data, I think you have a right to be worried and you should really understand what’s happening with that data.”
It’s rare that we get to see inside the mind of Apple CEO Tim Cook. It’s even rarer when what he says appears to be largely unscripted and candid.
The PBS show Charlie Rose aired part one of its interview with Cook over the weekend, and the hour-long talk is probably the most revealing conversation Cook has ever had with the press. Here’s what we learned from the interview:
When pressed about Apple’s plans for TV, Cook revealed that the Apple TV now has 20 million users. “It’s far exceeded the ‘hobby’ label we’ve placed on it,” said Cook. He also said he thinks watching TV is like “entering a time capsule” and that the whole experience is stuck in the 70s.
Another topic of conversation was Apple’s purchase of Beats. Cook shared a story about how he was skeptical about Beats Music until he used it one night. Based on the few minutes we’ve already seen from the interview, it looks like the full conversation will prove to be pretty interesting.