Tim Cook - page 21

Apple employees get big bonus thanks to Trump

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Apple could be a $2 trillion company by end of 2021
Apple could be a $2 trillion company by end of 2021
Photo: Ste Smith/Cult of Mac

President Donald Trump’s new tax law is doing great things for Apple employees’ wallets.

Apple told employees today that it plans to give all of them $2,500 worth of restricted stock, thanks to the revised tax law that goes into effect this year.

Apple says it will add $350 billion to U.S. economy

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Apple leases new offices near to Apple Park
A new Apple HQ is already on the way!
Photo: Duncan Sinfield

Apple’s big tax break is about to unleash an avalanche of spending from the iPhone-maker.

In a public statement this morning, Apple revealed its plans to contribute $350 billion to the U.S. economy over the next five years now that the fee for repatriating its mountain of overseas cash has been significantly lowered.

Tim Cook talks Apple values in rare interview with high schooler

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Tim Cook still hid a few surprises up his sleeve for the iPhone X event.
One lucky high school student secured an interview with Tim Cook.
Photo: Apple

As CEO of the world’s most valuable company, Tim Cook can pick and choose where he gives interviews. Which is why it’s kind of cool that he just gave an interview to high school student Rebecca Kahn.

In an article published by the National Center for Women & Information Technology, Kahn recalls her experience speaking Tim Cook — and the unlikely way it all came about.

Apple pays tribute to Martin Luther King Jr.

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MLK
MLK Day is celebrated each January in the U.S.
Photo: Apple

As it has for years, Apple is commemorating Dr. Martin Luther King Jr. Day by changing the image on its homepage and displaying a quote from the legendary civil rights leader.

“The time is always right to do what is right,” reads the quote from King, which accompanies a photo of the slain minister who was born on this date in 1929. On Twitter, Tim Cook also paid homage to King, who the Apple CEO often refers to as one of his personal heroes.

Tim Cook joins 100 other CEOs in protesting end of DACA program

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President Trump: Apple encryption could protect ‘criminal minds’
CEOs aren't happy about the possibility of DACA coming to an end.
Photo: Gage Skidmore/Flickr CC

Tim Cook joined more than 100 prominent CEOs who signed an open letter urging Congress to pass legislation to protect young immigrants threatened by the end of the Deferred Action for Childhood Arrivals program.

Branding the situation a “crisis,” the letter asks lawmakers to pass a bill supporting “Dreamers

U.S. officials probe Apple over iPhone throttling

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iPhone
Don’t miss out on iOS 13. Ditch your old iPhone now.
Photo: Ste Smith/Cult of Mac

U.S. officials are questioning Apple after the company admitted to throttling the performance of older iPhones.

Apple has already apologized for the practice and set up a battery replacement program in an effort to fix affected units. But that hasn’t saved the company from getting into hot water with authorities in a number of countries.

Delayed Apple products more common under Tim Cook

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Tim Cook still hid a few surprises up his sleeve for the iPhone X event.
Tim Cook is widely hailed as an operations genius.
Photo: Apple

Tim Cook may be considered an operations genius, but during his stint as Apple CEO product delays have increased substantially compared to Apple under Steve Jobs.

That’s according to a new report, which points out that there have been delays with the launch of several major new products launched by Cook as CEO. Meanwhile, the average length of time between Apple announcing a new product and shipping it stands at 23 days over the past six years, compared to 11 days’ average for the six years previous.

Apple in 2017: A year of epic proportions

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Apple year in review 2017
Did any company have a better 2017 than Apple?
Image: Ste Smith/Cult of Mac

Cult of Mac's 2017 Apple year in review 2017 was a pretty damn good year for the world’s most profitable tech company.

Apple did much more than rake in more cash than any company this year. Cupertino also pushed out its most impressive product lineup ever, laid the groundwork for the future of augmented reality, moved into a new spaceship campus, battled other tech giants and got tossed into the political spotlight.

Apple dominated the tech scene in 2017 more than any other company. Here’s a recap of some of the year’s most memorable Apple moments.

Tim Cook will take home $102 million this year

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Tim Cook
Tim Cook has good reason to be cheerful right now.
Photo: Apple

Apple has had a great year, and CEO Tim Cook is being rewarded accordingly. According to a new report, Cook will take home a massive $102 million this year, composed of his $3.06 million salary, $9.33 million incentive payment, and an equity award of $89.2 million.

For security reasons, the Apple board now stipulates that Cook use private planes for all business and personal travel. His personal security costs in 2017 were calculated at $224,216, while he ran up a $93,109 bill for traveling on private planes for non-business trips.

Jony Ive shakeup! Plus the beauty, the beast, the iMac Pro, on The CultCast

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Jony Ive CultCast
Ive only visits Apple's campus a couple of times a week.
Photo: BBC

This week on The CultCast: Shakeup at Apple! In a surprising turn of events, Jony Ive takes back the reigns of the Apple design team. We discuss what this means for Apple. Plus: The new iMac Pro is out, and the reviews are coming in. We’ll tell you what’s new about this beastly machine with a monster price tag. And we wrap with what Apple got right 2017, and what the company needs to do better in 2018! It’s been a wild year.

Our thanks to Squarespace for supporting this episode. It’s simple to accept Apple Pay and sell your wares with your very own Squarespace.com website. Enter offer code CultCast at checkout to get 10% off any hosting plan.

Tim Cook teams up with Charles Koch to fight for dreamers

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Tim Cook
Cook and Koch aren't usually homies.
Photo: Apple

Apple CEO Tim Cook and Koch Industries CEO Charles Koch are usually on opposite ends of the political spectrum, but the two business titans are coming together to support a common cause: The Dreamers.

In a rare opinion piece authored by Cook and Koch, the two implore Congress to act now so that this holiday season isn’t the last one in the United States for 690,000 of our neighbors.

U.S. senator says Apple should defend free expression in China

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Tim Cook
Comments came after a recent keynote Tim Cook gave in China.
Photo: Apple

Democratic Party Senator for Vermont Patrick Leahy has argued that Apple has a “moral obligation” to push back against suppression of free expression in China.

Leahy, who is the most senior senator and took office in 1975, has previously questioned Apple’s relationship with the government in China. In a new interview with CNBC, he said that, “American tech companies have become leading champions of free expression. But that commitment should not end at our borders.”

Tim Cook reaffirms Apple’s commitment to China

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Tim Cook
Tim Cook has said that China is Apple's future biggest market.
Photo: Apple

Apple CEO Tim Cook gave a keynote speech at China’s World Internet Conference on Sunday, reaffirming Apple’s commitment to China, which Cook has previously called Apple’s future biggest market.

Cook said the theme of the conference, which he described as a “developing a digital economy for openness and shared benefits,” is one that is shared by Apple.

Apple Park visitor center opens doors to the public

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Apple Park
They're not waiting for the iPhone X.
Photo: Shara Tibken/Twitter

Apple opened the doors to the visitor center at Apple Park to the public this morning. And of course, there was a line to get in.

Construction is still being completed on the main campus but you can now get a first-hand view of the campus at the visitors center. The newly opened building looks a lot like a regular Apple store on the inside, except it features some products you can only buy at Apple Park.

Leaked documents reveal Apple’s newest tax haven

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Apple is made of money.
Apple's tax practices save it billions of dollars.
Photo: Ste Smith/Cult of Mac


Dodging taxes is still one of Apple’s top priorities.

The iPhone-maker has come under serious fire in both the U.S. and internationally for its tax practices, but according to a new batch of leaked documents, the company is still doing everything it can to avoid paying the full amount.

7 biggest takeaways from Apple’s record Q4 earnings

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Will Apple reach its own targets for Q2?
AAPL shares are on the rise.
Photo: Ste Smith/Cult of Mac

Apple surprised investors with its best Q4 earnings report ever today. The outrageous numbers dispelled doubts about the iPhone-maker’s strategy — and pushed Apple closer to becoming the world’s first trillion-dollar company.

With the launch of the iPhone X just hours away, Apple CEO Tim Cook had a lot to be happy about during the earnings call with investors. Analysts quizzed Cook and Apple CFO Luca Maestri on everything from iPhone 8 sales to how Apple plans to monetize its augmented reality efforts.

Here’s what we found out:

Apple beats expectations in historic Q4 earnings

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Apple earnings
Apple crushed its Q4 earnings.
Photo: Ste Smith/Cult of Mac

The last Apple earnings report of 2017 is finally here and the results are even better than Wall Street anticipated.

Aided by strong iPhone sales thanks to the launch of the iPhone 8 and iPhone 8 Plus, Apple was able to bring in slightly higher than expected revenues and the company is expecting big things next quarter too.

Apple earnings call live blog: How high can AAPL fly?

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Apple earnings
Apple's Q2 earnings are expected to be a bit of a downer.
Photo: Ste Smith/Cult of Mac

Apple is set to unveil its last earnings report of 2017, and it’s expected to be one of the company’s biggest Q4 results ever.

Wall Street analysts are eager to see how many iPhones Apple sold during the quarter, which included a few days of iPhone 8 and iPhone 8 Plus sales at the end. Apple CEO Tim Cook and CFO Luca Maestri will be hopping on the call with investors at 2 p.m. Pacific today. Naturally, we’ll be here live-blogging all the action.

Come join the fun:

Tim Cook: Russian ads aren’t to blame for U.S. election results

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Tim Cook
Cook thinks there are bigger issues to deal with.
Photo: NBC

The tech and political worlds may be buzzing over claims that Russian ads helped influence the U.S. presidential election, but one person who’s not so quick to jump on board with the theory is Apple CEO Tim Cook.

In an interview with NBC Nightly News anchor Lester Holt, which aired Wednesday night, Cook poured cold water on the suggestion by arguing that such ads make up an absolutely tiny part of the larger issue as to why people in the U.S. are so divided in their politics.

Apple’s earnings call will be the calm before iPhone X superstorm

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Apple is worth more than the entire US energy sector combined
Apple is worth more than the entire US energy sector combined
Photo: Ste Smith/Cult of Mac

Apple will give investors their first insight into iPhone 8 sales, right on the eve of the iPhone X launch.

The final Apple earnings call of 2017 takes place Thursday, November 2, at 2 p.m. Pacific. Apple’s fourth fiscal quarter ended right after the iPhone 8 started shipping. The results aren’t expected to be record-breaking, but this first glimpse should give us a better idea of how monstrous Apple’s holiday season will be.

This is what to watch for:

Tim Cook meets with president of China

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tim cook
Tim Cook during one of his last visits to Asia.
Photo: Tim Cook/Weibo

Apple CEO Tim Cook along with Facebook creator Mark Zuckerberg met with Chinese President Xi Jinping today as Apple prepares to launch the iPhone X in the country this week.

The two tech CEOs were on hand at the annual gathering of advisers to Beijing’s Tsinghua University business school, where Xi spoke to business leaders and other officials.

Tim Cook discusses his CEO replacement in new interview

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Tim Cook still hid a few surprises up his sleeve for the iPhone X event.
Who will replace Tim Cook?
Photo: Apple

Apple CEO Tim Cook says he wants people to see Apple’s retail locations as more than just a place where you buy things.

To celebrate the opening of the new flagship Apple store in Chicago, Cook and Apple retail boss Angela Ahrendts sat down for a wide-ranging interview. The duo discussed everything from why physical Apple stores are still vital in the digital age to whether Apple’s political stances will cause pushback from customers.