Tim Cook and President Obama are attending today’s White House Cyber Security Summit to talk about a range of issues facing the U.S. tech industry.
Mark Zuckerberg, Marrisa Mayer, and Google CEO Larry Page all decline invites to the summit where Obama is expect to urge tech firms to share data with the government. While Silicon Valley’s elite have snubbed the event, Cook’s appearance could be a big deal in his effort to advocate for the importance of privacy for users. Tim Cook’s appearance is expected soon, while President Obama is scheduled to take the stage at 2:15 ET.
Jimmy Iovine, Tim Cook, Andre Young, and Eddy Cue. Photo: Apple
Apple plans to launch a new streaming music service this spring, but music industry insiders say Apple isn’t trying to just compete with Spotify, it wants to become the music business.
Tim Cook and Jimmy Iovine were two of the most in-demand people at this year’s Grammys. Eddy Cue and iTunes VP Robert Kondrk were also in attendance according to a new report from Billboard, which claims artists and labels execs alike were lined up at Clive Davis’ pre-Grammy gala to get a meeting with the biggest names in tech that are now poised to take on music, again.
Jimmy Iovine has devoted recent weeks to meeting senior execs at major and indie labels to talk about the new music service that will launch by summer at the latest and come alongside a major redesign of the iTunes Store as the company struggles to adapt to decline music sales.
That changed yesterday, when Apple gave reporters from San Francisco news outlet KQED an up-close-and-personal glimpse at its flying saucer-shaped headquarters, which will eventually house up to 15,000 employees.
Along with photos showing the development, the reporters also heard a few environmentally friendly factoids about the campus — such as the fact that it will use recycled water to flush toilets, solar arrays to meet the majority of energy needs, and that the older buildings Apple inherited when it bought the land were broken down and recycled for new building materials.
Life at Apple has been phenomenal ever since Tim Cook took over as CEO. AAPL shares are up 120 percent. 750 million iOS devices have been sold. $100 billion was returned to shareholders. And Apple just became the first $700 billion company in history.
To celebrate a successful 2014 campaign, Cook sat down with Goldman Sachs President Gary Cohn today to talk about how Apple achieved its unbelievable results, as well as what other tricks the company has up its sleeves.
Here are the 12 biggest revelations from Cook’s Goldman Sachs tech conference appearance:
Swatch has an answer for Apple Watch. Photo: Apple
Swatch Group AG isn’t planning to just roll over dead now that Apple is entering the timepiece market. Swatch announced today that it’s preparing its own smartwatch to take on Apple Watch, and it’ll be ready to launch in just three months.
Swatch CEO Nick Hayek was originally skeptical of the smartwatch revolution two years ago, but in an interview with Bloomberg, Hayek said his company is ready to throw its numerous patents into a smartwatch that won’t need daily recharging.
The man described by Fortune as “Tim Cook’s Tim Cook” Photo: Apple/Cult of Mac
Coming off a record-breaking financial quarter — largely thanks to the astonishing success of the iPhone 6 — it’s worth asking who Apple owes its present success to.
While everyone is quick to mention the usual suspects (Tim Cook and Jony Ive being two of the most prominent), a name you don’t hear bandied about so much is Jeff Williams. He’s Apple’s operations whiz, the VP whose job it is to make sure products get manufactured, shipped and delivered on time, and with the highest possible standards.
Ever wonder how Apple was able to go from shipping 10 million iPhones in the whole of 2008 to 74 million in the past quarter alone, without missing a beat? That would be Jeff Williams, the guy Fortune once called “Tim Cook’s Tim Cook.”
Tim Cook has a lot to be happy about. Photo: Apple
Apple closed its earnings call this afternoon after announcing an unprecedented 74.5 million iPhone sales to go along with $74.6 billion in revenue and $18 billion in profits. It broke the record for the most money made by a corporation in history.
While breaking down the Q1 2015 numbers, Tim Cook and CFO Luca Maestri also gave us some juicy details about what’s in store for 2015 by hinting at new products in the pipeline, as well as subtly dropping the Apple Watch’s release date.
We’ve combed through the numbers and the conference call and found seven huge new revelations every Apple fan needs to know:
Apple’s earnings from last quarter will be historic. Photo: Jim Merithew/Cult of Mac
Tim Cook and CFO Luca Maestri are getting ready to announce Apple’s biggest earnings ever to investors this afternoon, and we’ll be on hand to liveblog all the action.
The results are expected to be historic, thanks to unprecedented demand for the iPhone 6 and 6 Plus in not only the US, but also China. Wall Street expects Apple to blow past its projected revenue of $63.5 billion to $66.5 billion and hit somewhere closer to an all-time high of $68 billion.
Analysts expect iPhone 6 sales to have topped more than 66 million, but Apple expert Ben Bajarin is predicting any number lower than 70 million would be a result of supply chain limitations, not demand. Mac sales are also expected to be strong, while the iPad remains the only wild card.
The call begins at 2 p.m. Pacific, but the liveblog action starts now. Keep this tab open and come back throughout the day for coverage of Apple’s biggest quarter ever.