Apple’s fleet of self-driving cars is expanding at an astonishing pace after starting with just three vehicles a year ago.
New records posted by the California Department of Motor Vehicles reveals that Apple currently has the third largest number of autonomous cars in the state, but it’s closing the gap on the Google’s self-driving car project that holds the number two spot.
Trump’s latest round of proposed tariffs will negatively impact Apple’s revenues but according to some numbers crunched by an Apple analyst, investors shouldn’t worry about the company’s profits being hit too hard.
Apple revealed last week that some of the proposed tariffs would hurt the profitability of Apple Watch, AirPods, HomePod and Apple Pencil. Price increases would be passed on to consumers, however, it probably won’t be more than a 20% jump.
President Trump’s latest list of proposed tariffs on products manufactured in China would have a negative impact on some of Apple’s most popular products.
In a letter sent to the U.S. Trade Representative, Apple says the Apple Watch, AirPods and Apple Pencil would be caught in the crossfire of Trump’s escalating trade war with China. And regular consumers stand to lose the most.
Apple just dropped a big clue that it’s planning to make a pair of augmented reality glasses with its latest acquisition.
The company confirmed this week that it purchased a Colorado-based startup called Akonia that’s focused on making lenses for wearable headset displays and it could help Apple create thin, transparent smart glass lenses with vibrant full colors.
Want to know how much cash Tim Cook has raked in since taking over as Apple CEO in 2011, during which time he has almost quadrupled the company’s share price? It’s perhaps both more and less than you might expect.
According to a new report, combining Cook’s salary (which was a shade over $3 million last year) and his lucrative stock options and other awards, Apple’s CEO has earned approximately $701 million during his time as head honcho.
Tim Cook has been granted 560,000 restricted Apple stock options and, to celebrate the windfall, he’s cashed in $58 million.
As revealed in an SEC (Securities and Exchange Commission) filing, Cook was awarded his stock options on Friday, valued at around $120 million. However, approximately half of these were withheld as the result of statutory tax withholdings on vested stock options.
Tim Cook is set to rake in around $120 million in Apple stock this week, thanks to another year well done as Apple CEO.
Cook will receive a maximum of $560,000 shares on Friday. This is split into two separate awards: 280,000 shares for his continuing service as Apple’s chief executive, and another 280,000 on condition that Apple’s stock market return over the past three years exceeds two-thirds of the other stocks in the S&P 500.
Tim Cook has long talked about how he plans to give his entire fortune to charity — and a recent SEC filing shows that he’s living up to his word.
Recently, Apple’s CEO gave 23,215 Apple shares to an unspecified charity. At the current AAPL trading price, that’s almost $5 million.
Apple CEO Tim Cook’s tweet mourning the death of soul singer Aretha Franklin was among countless remembrances flooding social media this morning after news of her passing began to spread.
Cook’s heartfelt message included a black-and-white photo of the Queen of Soul belting out a song during a recording session.
Apple becoming the world’s first trillion dollar company has put it in the crosshairs of consumer advocates, including Ralph Nader. He heavily criticized the company for a $100 billion stock buyback, instead of using the money to pay employees more, improve recycling efforts, increase R&D, or making other productive investments.
Nader is angered that businesses like Apple have spent so much of the Republican tax cuts put in place last year on stock buybacks, rather than the “productive investment and jobs” they promised.
In a short interview for Fast Company, Tim Cook raves about his love of music, and talks about Apple’s reasons for getting into the space with Apple Music.
“I couldn’t make it through a workout without music,” Cook said. “Music inspires, it motivates. It’s also the thing at night that helps quiet me. I think it’s better than any medicine.”
In this week’s Cult of Mac Magazine: It’s official. Apple beats Amazon to the coveted $1 trillion valuation. Tim Cook plays it cool, telling staffers it’s “not the most important measure of our success.”
You’ll find that top story and much more. Check out the the biggest takeaways from Apple’s Q3 earnings call. Feast your eyes on the iPhone X Plus and new LCD iPhone. Plus: Learn how to use the iPhone camera’s manual controls. Get your free subscription to Cult of Mac Magazine from iTunes. Or read on for this week’s top stories.
This week on The CultCast: The journey to a trillion! How did Apple become the most valuable company on earth? We discuss, and remember the company’s troubled history. Plus: Is the i9 MacBook Pro a total ripoff? One YouTube reviewer says yes, and his tests are convincing. We’ll fill you in. And stay tuned for the sad decline of MoviePass. Is the troubled movie service still worth it?
Our thanks to Squarespace for supporting this episode. It’s simple to accept Apple Pay and sell your wares with your very own Squarespace website. Enter offer code CultCast at checkout to get 10% off your first hosting plan or domain.
Apple became the first company to ever reach a $1 trillion market cap on Wednesday as its share price soared to $207.39. But according to CEO Tim Cook, this is “not the most important measure of our success.”
In an email to Apple employees, Cook says that financial returns are simply the result of innovation — and that it’s the team behind them that really makes Apple so spectacular.
Apple beat Wall Street’s expectations today with its Q3 2018 earnings report. Even though iPhone sales were barely up 1% the company still posted better-than-expected revenues as sales of Apple Watch, services and AirPods picked up the slack leading to Apple’s best Q3 results ever.
Prices of Apple shares skyrocketed closer to the illustrious $204 mark that will make the iPhone-maker the first ever trillion dollar company once the results posted and Tim Cook seemed extremely confident and relaxed on his call with investors this afternoon. While the rest of tech stocks are starting to sink, Apple is as steady ever.
Apple’s weakest earnings report of 2018 is set to be revealed today but it might also contain a few clues about the 2018 iPhone launch this fall.
Tim Cook and Apple CFO Luca Maestri will talk to investors on an open call at 2 p.m. Pacific. Analysts don’t expect a huge boost in iPhone sales and revenue (in fact some are downright pessimistic). However, Apple could pull out a few surprises like it did the last two quarters.
Per usual, Cult of Mac will be here to live-blog all the action starting at 1:30 p.m. (That’s when the earnings report typically lands.) Come join the fun!
While the rest of the tech industry’s earnings are in a slump, Apple just posted its biggest Q3 earnings report ever.
Investors were expecting Apple to post at least $51 bilion in revenue, but the iPhone-maker has come away with $53.3 billion in income, marking a 17% increase from last June quarter. iPhone sales came in at 41.3 million units sold for the quarter which has Apple CEO Tim Cook absolutely stoked.
Quick, what’s the advertising slogan Apple uses for the iPhone X? How about for the iPad? What was the theme of the last Apple ad you saw?
If you shrugged your shoulders at all these questions, then you’ll understand why a former Apple ad man sees problems with the company’s current advertising strategy.
Tim Cook made an appearance at Utah’s 2018 LoveLoud festival over the weekend, sharing a few thoughts with the crowd before introducing the band Imagine Dragons.
LoveLoud is a music festival celebrating the LGBTQ+ community. During his tenure as Apple CEO, Tim Cook has been a proud and outspoken advocate for LGBTQ+ rights. Watch his comments to the crowd below.
Apple CEO Tim Cook will be among the speakers this Saturday at the second LoveLoud Festival in Salt Lake City, Utah.
The music festival is staged by the LoveLoud Foundation, which was started in 2017 by Dan Reynolds, lead singer of pop band Imagine Dragons. The fest began as a way to promote acceptance of the LGBTQ+ community.
Apple’s weakest earnings report of 2018 is scheduled for July 31.
The iPhone-maker notified developers this afternoon that it will reveal how many iPhones it sold during the Q3 2018 fiscal quarter. And it might also drop some clues about when the next iPhones are going on sale.
Apple stock price has dropped steadily throughout June. That likely bothers short-term investors, but not Tim Cook. Apple’s CEO thinks long-term, and says planning no farther than the next quarterly earnings report is a recipe for disaster.
“If you’re making a decision based on the short term investors, you’re going to be guaranteed to be making terrible decisions,” Cook said yesterday.
When Tim Cook wants to know how Apple is doing, it’s doubtful he turns to some research group’s published rankings of brands and companies with the most value, most love or most intimacy with its customers.
So for what it’s worth to the CEO or, for that matter anyone else, Apple is the second-most valuable U.S. brand, according to a new report published today by the group Brand Finance.
Whenever Apple CEO Tim Cook weighs in on a social issue, like his recent disparaging comments about U.S. immigration policy, there are always voices urging him to be quiet and concentrate on making great products.
Speaking at a forum in San Francisco this evening, Cook said that changing the world is in his job description.
Tim Cook, Lisa P. Jackson, and other Apple employees took part in the San Francisco Pride parade over the weekend. As part of the festivities, Apple employees passed out Apple Pride T-shirts featuring the company’s official Apple Pride logo.
