Speaking to The Wall Street Journal, Tim Cook has shared his thoughts on what Mountain Lion means for the future of the Mac, and has hinted Apple may be considering a grand unification of iOS and OS X somewhere down the line.
Apple has always been notoriously tight-fisted when it comes to spending. As the world’s most valuable technology company by a long shot, there’s a ton of pressure on Apple to acquire competition and flaunt its $100 billion cash reserve.
At the Goldman Sachs Conference today, Cook noted that Apple has spent billions on acquisitions, in the supply chain, retail, and company infrastructure. “But yes, we still have a lot,” he said.
Cook sarcastically called Apple’s 37 million iPhone sales last quarter a “decent” number to a room full of laughs at the Goldman Sachs Conference this afternoon. In Cook’s eyes, that number represented only 9% of the handset market, and Apple sees incredible opportunity to take the entire global handset market by storm. Cook said that Apple’s mission is to “make the world’s best product.”
Speaking at today’s Goldman Sachs keynote, Apple CEO Tim Cook began by bluntly addressing charges of worker abuse in Apple’s supply chain: Apple will not rest until every worker is guaranteed a fair, safe working environment without discrimination and at a competitive salary. Any suppliers who don’t take care of their workers will be fired.
Apple has announced that it will broadcast Tim Cook’s talk at the Goldman Sachs Technology and Internet Conference tomorrow. The live stream will begin tomorrow, February 14th, at 12:30 PM PST/ 3:30 PM EST.
Cook has presented at the conference several times in past years. This will be his first presentation as the CEO of Apple, and he is expected to give “forward-looking statements that are subject to risks and uncertainties” regarding Apple’s business.
There are sure to be some interesting statements given by Cook tomorrow, so be sure to tune into the audio stream at Apple’s Investor Relations page.
Following claims that it isn’t doing enough to end worker mistreatment in Chinese factories, Apple has publicly asked the Fair Labor Association (FLA) to “conduct special voluntary audits of Apple’s final assembly suppliers, including Foxconn factories in Shenzhen and Chengdu, China.”
The FLA acknowledged Apple’s request almost immediately and began its first inspections at a Foxconn factory in Shenzhen this morning. Apple will be hoping that the FLA’s report puts the allegations that it is not doing all it can to bed and proves that working conditions are improving thanks to the company’s work.
After having its tablet banned in one Chinese city today for using the iPad name without permission, Apple could be about to enter into another dispute if it names its television set the “iTV.” Britain’s biggest commercial broadcaster ITV has warned Apple not to use its name for the second time.
Retailers in Shijiazhuang, China, have halted sales of Apple’s iPad after it was claimed that the Cupertino company does not have the rights to the iPad trademark in the country. Proview Technology, which believed it still owns the iPad name, is seeking $38 million in compensation from Apple and seems to have secured a ban in at least one city as Chinese authorities begin confiscating the device.
Adam Lashinsky is a veteran Silicon Valley journalist and Senior Editor at Large for Fortune. Lashinsky wrote a riveting feature last year on the inner workings of Apple’s secretive culture that prompted him to publish Inside Apple: How America’s Most Admired–and Secretive–Company Really Works in January of 2012.
Inside Apple is a short read (about 180 pages) that provides several peeks behind the thick veil of secrecy Apple keeps between itself and the outside world. After reading Lashinsky’s portrayal of the company, you should have a better understanding of how Apple works and what makes it tick. Your perception of the world’s most valuable technology company should be challenged with fascinating stories from inside the walls of Cupertino.
Apple’s decision to hire John Browett as its Senior Vice President of Retail has come under fire from a small but vocal minority of Apple fans who believe he may not be the right man for the job. Brits in particular, who are familiar with the Dixons stores in the U.K. that Browett used to control, are concerned he is not a suitable replacement for Ron Johnson.
But Apple CEO Tim Cook has no doubts about the company’s decision, and has labeled Browett the best man for the role “by far.”
It seems that lengthy report looking into the poor working conditions in Chinese factories assembling Apple products is going to haunt the Cupertino company for some time yet. The latest backlash comes from consumer group SumOfUs, which has launched a petition calling for Apple to “stop worker abuse,” with over 35,000 signatures collected in just 24 hours.
Tim Cook was outraged by a recent report from The New York Times that provided a detailed look at the poor working conditions for Chinese factory workers assembling our Apple gadgets. It seems he’s not the only one. The BSR, a leader in corporate responsibility which works with Apple to develop sustainable business strategies, has labeled the report “inaccurate” and “misleading,” and has requested that it is corrected by the NYT.
Following a lengthy New York Times report published earlier this week, detailing the harsh reality behind the mistreatment of Chinese factory workers, Apple CEO Tim Cook has responded to his staff with an email that brands the report “patently false and offensive.”
Cook revealed he is “outraged” by the report, and reassured his team that “we’ve made a great deal of progress and improved conditions for hundreds of thousands of workers.”
It’s a great time to be an Apple employee. Not only is it the most successful company on the planet right now, but it’s also slashing the price of some of its most popular products as a thank you to its employees. According to one report, the Cupertino company’s CEO, Tim Cook, announced at an internal Town Hall meeting that staff could enjoy $500 off a new Mac, and $250 off a new iPad.
Despite being labeled the first real competitor to the iPad, it seems Amazon’s 7-inch Kindle Fire tablet still has a long way to go before it can lure tablet users away from Apple’s device. Although it seemed to be incredibly popular when it launched last year, largely thanks to that attractive $199 price tag, Apple CEO Tim Cook says the Kindle Fire, and other “limited function tablets,” had no impact on iPad sales whatsoever.
The iPad 3 is widely anticipated to hit store shelves in March, about a year from the date that the iPad 2 first debuted. Apple’s next-gen tabled it expected to pack a 2048 x 1536 Retina Display, an A6 SoC and (possibly) 4G LTE support. Now a new report suggests that we’re just a few short weeks away from getting our first look at the iPad 3.
Apple CEO Tim Cook has barely had time to make his mark on the tech giant when an ambitious senior vice president is being portrayed as a ‘CEO-in-waiting.’ In a soon-to-be published look inside Apple, Scott Forstall is described as a potential problem for Cook, who only months ago took over for co-founder Steve Jobs.
Tim Cook is one of the world’s top CEOs, but you wouldn’t know that by where he lays his head at night. The recently appointed head of Apple Inc. lives in a 2,400-square-foot, relatively modest home in Palo Alto, California.
The four-bedroom condo boasts a tiny yard and small adjunct section of real estate in the back. Not much for a man who was recently awarded a $378 million stock incentive.
Good news for Apple shareholders: stock reached an all-time high during mid-day trading today, peaking at $427.75 per share. The last record was set in October of 2011 at $426.70 per share. Despite some slightly tumultuous times on Wall Street after Apple failed to meet analyst expectations with its fourth-quarter earnings report, Apple stock has continued to climb to new heights year after year. The company will announce its earnings from the first-quarter of 2012 (or the 2011 holiday season) on Tuesday, January 24th. Apple also released its proxy statement for 2012 to investors this afternoon, in which it is revealed that CEO Time Cook received a total of $376,180,000 in compensation for 2011.
Apple has posted its 2012 proxy statement for investors. In the document, Apple reveals the compensation that its executives earned last year alongside more background information.
Notable facts from the document include CEO Tim Cook’s 2011 compensation, totaling an impressive $376,180,000.
Greedy rumor-mongers didn’t even wait until Tim Cook started running the show at Apple to begin spreading rumors of his plans to quit. Back in 2010, investor gossip site Fly On The Wall wrongly suggested that Cook was off to join HP as its new CEO. (Gullible investors actually led to Apple stock dropping 20 points as a result.) Now that Cook is CEO it’s a bit more difficult to make those kinds of reports convincing, so the narrative has instead changed to suggest the Apple board is unhappy with Cook’s performance and plans to drop him at the earliest possible opportunity. Well, plenty of opportunities have presented themselves, but Cook’s still hanging on in there.
Maybe (shock horror!) people have realized he’s actually doing a pretty great job.
If you thought pulling a rabbit out of your hat was cutting-edge magic, you haven’t talked to Apple CEO Tim Cook lately. Give him three months, and Cook can convert 300,000 Apple shares into almost $100 million dollars. Pretty neat trick, huh? In fact, Cook leads all Silicon Valley executives in the largest cash haul from company stock, according to just-released data.
Still waiting for the iPhone 4S in your territory? Well, you could be one of the lucky ones who are set to receive Apple’s latest smartphone on January 13. The company has announced in a press release issued this morning that next Friday will see the launch of the device in 21 additional countries.
While Siri will happily find you the ideal location to bury a dead body or pick up an escort, ask her where you can get an abortion and she’s not so happy to comply. In fact, she’ll do the exact opposite and look for anti-abortion pregnancy “crisis” centers.
This makes her an “anti-choice extremist,” according to one petition, which is calling for Apple to make changes to its new intelligent assistant.
Ron Johnson, Apple’s former Senior Vice President of Retail Operations, who changed the face of retail with the opening of the first Apple store in 2001, left the Cupertino company at the beginning of this month. Replacing him has become a mammoth task for Apple, according to a new report, with external candidates struggling to meet Johnson’s caliber, which may force the company to promote from within its ranks.
One of Tim Cook’s first changes as Apple’s new CEO was the introduction of a corporate matching program for charitable donations to nonprofits. Apple pledged to match donations of up to $10,000 per US employee per year.
In less than two months, Apple and it’s employees have already raised $2.6 million for nonprofits.