Tim Cook has been Apple CEO for 10 years and he’s considering his exit strategy. But it won’t be soon because the executive will wait until the launch of “one more major new product category,” according to a new report.
Apple shocked investors with better than expected earnings for Q3 2016 today, despite some ominous signs that some analysts claimed signaled we’ve reached peak Tim Cook.
Thanks to the booming App Store business and other Services, Apple raked in an impressive $42.2 billion in revenue, which Tim Cook says, “was way better than we expected from so many different points of view.”
Here are the most important takeaways from today’s earnings call:
Aaron Sorkin, the screenwriter for the upcoming Steve Jobs movie, didn’t hold back his feelings about Tim Cook’s recent comments. Sorkin said that Cook has “a lot of nerve” calling his film “opportunistic,” which seems to imply that the filmmakers are capitalizing on Steve Jobs’ death. Sorkin threw additional shots too.
Cloud computing giant Marc Benioff has praised hailed Angela Ahrendts, Apple’s new head of retail and online sales, as the “future Apple CEO.” Referring to her in a Tuesday tweet as “the most important hire Tim Cook has ever made”, Benioff’s toasting of Ahrendts has left analysts asking whether it is simply a show of support for Burberry’s outgoing CEO — or evidence that Benioff knows more than he is letting on, following disappointing fourth quarter numbers for Apple.
Senator Claire McCaskill has just asked Apple CEO Tim Cook about the deal Apple forged with Ireland to pay only 2% taxes, and whether or not there will ever be a country that offers Apple such a great tax deal that they would pack up and move out of Cupertino to overseas.