Tim Cook has shared some of the details of his recent meeting with President Donald Trump, during which he reportedly criticized the White House’s trade war with China.
“I felt that tariffs were not the right approach there, and I showed him some more analytical kinds of things to demonstrate why,” Cook told Bloomberg Television. Cook is referring to the Trump administration’s 25 percent tariffs on around $50 billion worth of products entering the U.S. from China.
Apple blew analysts’ expectations out of the water this afternoon with its historic Q2 2018 earnings report that saw the company post the most revenue ever in the March quarter.
Tim Cook and Apple CFO Luca Maestri were absolutely giddy during today’s call with investors. Everyone expected the iPhone X to be a bust, but even Apple was surprised by its success as it still dominates the iPhone sales charts. New products are on the horizon too as Apple’s executives teased new goodies coming down its pipeline:
These were the biggest takeaways from the call:
In a disastrous turn of events, Apple may have lost up to half its market share in Greater China, analysts report.
A combination of poor adoption of Apple’s latest generation of iPhone handsets and increased competition from domestic handset makers like Huawei and Oppo might have slashed Apple’s business in a market Tim Cook is convinced is Apple’s biggest hope.
Apple CEO Tim Cook was reportedly “most helpful” during his White House meeting with President Donald Trump earlier this week. Cook was enthusiastic about the Trump administration’s recent tax cuts, and also had some advice about business dealings in China.
“I really enjoyed the meeting,” Larry Kudlow, director of the National Economic Council, told CNBC’s Squawk on the Street. “I spent a good amount of time with [Cook], and then we came back and we visited the POTUS.”
Shipments of iPhone in China increased 32 percent in the first quarter of this year. This was during a period when the overall Chinese handset market declined.
Many Chinese see Apple devices as status symbols and pick them over local brands that cost significantly less.
Apple has become the world’s first major tech company to be powered by 100% renewable energy.
The company has been investing heavily in renewable energy sources for years, and in a statement today, Apple says it has already achieved its goal to use 100% clean energy to power all of its global facilities.
The iPhone and other major tech products are safe from Trump’s brewing trade war with China.
On Tuesday, the office of the U.S. Trade Representative revealed that it was slapping 25 percent tariffs on 1,300 products coming from China related to technology, transport and medical products. iPhone components were exempt from the list, but other products like magnetic hard drives and flat-panel television sets were hit hard.
Tim Cook is headed to China this weekend, alongside Sundar Pichai, the CEO of Google, and Ginny Rometty, head of IBM. Cook will be heading co-chairing the China Development Forum, an annual event which aims to build relationships between Western corporations and the Chinese government.
The event comes at a challenging time when the U.S. and China are duking it out concerning trade tariffs and import duties.
It is shaping up to be a spectacular month for battle royale games on iOS. After the hugely popular Fortnite landed in the App Store last week, PlayerUnknown’s Battlegrounds has made its way to iPhone and iPad.
After a round of beta testing in Canada, the free PUBG Mobile is now available on iOS (and Android) in the United States and other locations around the world.
Do you want to continue being able to unlock your iPhone in a timely manner? Then maybe don’t leave a 2-year-old child playing with your handset.
That’s the lesson learned by a mom who ended up locked out of her iPhone for 47.5 years because her son entered the passcode incorrectly enough times.
