Apple’s stock price fell off a cliff this morning, trading below $100 a share for the first time all year. The best time to buy AAPL shares all year was at 9:30 a.m. today, when the stock opened at $94.87 — before Tim Cook intervened.
It’s not a good start to the week for Apple, as shares fell below the $100 mark even before the market opened.
Seeing investors panicking, Tim Cook shared a few thoughts with CNBC Mad Money host Jim Cramer — particularly reassuring him about Apple’s continued success in China, which Cook continues to be bullish on due to its “unprecedented” opportunities.
Tim Cook will reveal his plans to bring a close to America’s “digital divide” in public schools in an interview with ABC’s Good Morning America to be aired later today, kicking off at 7am ET.
While Apple’s long been criticized as a hiring mostly white males, the company has made some big improvements in the last year, hiring its largest-ever group of employees from underrepresented groups.
Google might have the Nest Learning Thermostat, but Tim Cook’s got a smart shower, thanks to a recent investment by the Apple CEO in a new, environmentally friendly shower company.
And what kind of boss would he be if he didn’t test the next-gen washing solution as an option for Apple employees?
Tim Cook might be a guy who can take care of himself, judging from the impressive amount of time he spends in the gym each day, but Apple’s not taking any chances: The company shells out close to $700,000 each year on security for its CEO.
And who can blame them?
IBM became Apple’s largest corporate customer this year when it agreed to buy 50,000 MacBooks from Apple, but according IBM’s chief information officer Jeff Smith, the company will more likely end up purchasing between 150,000 to 200,000 Macs when all is said and done.
In an internal IBM video, Smith describes how he and Apple CIO Niall O’Connor struck the deal that will see 50-75% of IBM’s workforce switching from Lenovo ThinkPads to Macs. Apparently that’s not good enough for Tim Cook though, who asked IBM VP Fletcher Previn, “well, what about the other third?” when the company told the Apple CEO of the massive bulk order they were planning.
Watch the video below:
Apple’s been stealing top talent from automakers over the past few months to help it work on the company’s electric car project, but according to a new rumor, Apple wanted to steal the entire body of another luxury automaker’s car to get its project on the road.
In an effort to outlaw discrimination against LGBT people under federal law, members of congress introduced the historic Equality Act of 2015 today, and they’ve got the biggest company in tech on their side.
By ensuring people can no longer be discriminated against due to sexual orientation or gender identity, the sweeping legislation would extend these rights to LGBT people in the 31 states that don’t offer those protections to LGBT citizens. The new bill already has 150 co-sponsors, plus Apple’s official endorsement.
We didn’t get Apple Watch numbers, but Tim Cook and Luca Maestri delivered plenty of good news about Apple’s current financials and future prospects during Tuesday’s earnings call. Amid all the canned statements and bewildering biz speak, they dropped some tantalizing tidbits.
Cook and Maestri teased us with plenty of bullishness — and a little debunking — about impressive Apple Watch sales and consumer responses to the new device. And that’s just the tip of the iceberg: Apple hit record numbers again this quarter, with massive sales of both iPhone 6 and Macs across the globe.
Here are the highlights from today’s third-quarter 2015 Apple earnings call.
Apple didn’t officially announce any Apple Watch sales numbers during today’s earnings call, but according to Tim Cook, the company has already beat its own internal expectations.
While the official number of units sold remains a secret, the Apple exec said the number of Apple Watches sold in the first nine weeks was greater than the number of iPhones or iPads the company sold in the same period after they launched.
Apple’s earnings fell just shy of Wall Street’s expectations for third-quarter revenue despite continued strong sales of the iPhone 6, which helped the company bring in $49.6 billion in gross revenue and $10.7 billion in profit.
Perhaps even worse for AAPL, the company’s fourth-quarter revenue forecast fell short of analysts’ best guesstimates.
Apple is set to report its financial results from Q3 2015 to investors this afternoon and, as usual, Cult of Mac will be here to liveblog all the action, from the numbers down to the analysts’ questions.
Apple Watch sales have been looming large in the minds of investors and analysts now that the device has been available for a full quarter. We don’t expect CEO Tim Cook or CFO Luca Maestri to announce the Watch sales as their own category, but there’s sure to be plenty of speculation as to whether the new wearable has met sales expectations.
Today’s earning’s call is set to kick off at 2 p.m. Pacific, but we’ll be kicking off the liveblogging party early with a breakdown of all the numbers. Bookmark this page and join us for the Apple earnings bonanza.
The Apple Store’s policy to check employees backpacks after they check out from work has been turned into a class-action lawsuit.
U.S. District Judge William Alsup in San Francisco certified the case as a class-action on Thursday, after former employees sued Apple for conducting the bag searches at the company’s 52 retail stores in California.
Tim Cook and Eddy Cue were in Sun Valley, Idaho this week for Allen & Co’s annual gathering of the richest and most successful people in media and technology. The gathering includes multiple days of hobnobbing with fellow elites where Cook has become a staple for the past two years.
Last year Apple’s CEO made headlines by telling a reporter to throw her Samsung away. This year Cook was mum when reporters asked him questions, but he was spotted chatting with some of his fellow tech titans, like Microsoft founder Bill Gates:
Tim Cook has been appointed to a six-year term at the Duke University Board of Trustees, the school announced today. Cook joins alongside Coca-Cola Foundation Chairwoman Lisa Borders, PRM Advisors founder Patricia Morton, NBA Commissioner Adam Silver and ValueAct Capital CEO Jeff Ubben.
Apple was out in force yesterday as Tim Cook and 8,000 Apple employees participated in Sunday’s 43rd Annual Gay Pride Parade in San Francisco, following last week’s historic Supreme Court decision legalizing gay marriage across the U.S.
Apple employees carried LGBT rainbow flags as they took to the streets — considerably outnumbering the hundreds of employees from other tech companies such as Google, Facebook, Uber, and others.
This week has been one of the most miraculous weeks we’ve seen in recent history. We’ve seen a 25 year-old country girl bend the will of a bunch of rich ass middle-aged white men in Silicon Valley. 150 after their defeat, in the Civil War, Confederacy loyalist are lowering the stars and bars. And you can finally marry anyone you want in any state you want in America, regardless if a bunch of religious people aren’t cool with it.
Celebrations have been ringing out across the country in light of the Supreme Court’s decision that same-sex marriage is right. Silicon Valley execs tweeted their approval of the decision this morning, including Apple CEO Tim Cook, who had the Pride Flag raised at Apple HQ in celebration.
Here’s a better look:
To succeed in tech, you must be a master of innovation. No two companies understand this better than Apple and Google, which have become kings of the industry thanks to a string of incredible ideas that have shaped the technology we rely on today.
But which company is continuing to innovate in 2015? Is it Apple, with its fitness-focused Apple Watch, Apple Pay, and a new streaming service that hopes to save the music industry? Or is it Google, with Google Glass, self-driving cars, and secret robots?
Join us as we take it to a debate in this week’s Friday Night Fight between Cult of Android and Cult of Mac.
In a Chinese-language interview, Tim Cook has revealed how Apple considers Chinese consumer tastes into account when designing any new products.
Given that Cook has previously talked about how China will soon overtake the U.S. as Apple’s biggest market this is unlikely to surprise many readers, but it’s another reminder of just how important the Chinese market is for Apple.
Apple has been eager to point out lately that unlike Google and Facebook it doesn’t collect or sell your personal information. It’s been a great way for the company to differentiate itself from its competitors and Apple has apparently won over Edward Snowden in the process.
In a recent interview, Snowden was asked whether he thinks Tim Cooks perspective on privacy has been genuine and honest, to which Snowden replied, “it doesn’t matter if he’s being honest or dishonest,” but “that’s a good thing for privacy. That’s a good thing for customers.”
Snowden pointed out that Apple obviously has a financial incentive to differentiate itself from competitors, and we should incentivize other companies to follow their path:
Not everybody has two-and-a-half hours to watch an Apple event. Tim Cook and crew delivered tons of updates at the kickoff for this year’s Worldwide Developers Conference, and you can speed through all the news with this WWDC 2015 keynote supercut.
It’s just two-and-a-half minutes long!
Apple’s big idea for transforming the way we experience music is bringing a personal touch — and a simple, unified platform — to the tangled technological mess that music’s become in 2015. Apple Music is classic Apple: putting a human face on technology that threatens to overwhelm us.
Tim Cook brought out high-profile artists, and Apple’s team of industry insiders, to show off what he called “the next chapter in music” today at the Worldwide Developers Conference in San Francisco.
“I know your are going to love it,” Cook said, introducing Apple Music. “It will change the way that you experience music forever.”
Here’s what Apple Music will bring to your ears.
In a speech to nonprofit research firm Electronic Privacy Information Center (EPIC) at its annual “Champions of Freedom” awards dinner last night, Apple head Tim Cook had some strong words about online security, government monitoring, and corporate data mining.
Cook was the first business leader to receive recognition from EPIC, which lauded his “corporate leadership” on matters of maintaining Apple customers’ privacy.
Apple head Tim Cook has donated 50,000 of his shares in the company to an undisclosed charity, according to an SEC filing Friday. The donation has a value of $6.54 million, as of this writing.