Apple is bracing itself against a growing coronavirus outbreak, restricting business travel to China and closing one Apple Store as health officials try to contain the deadly virus.
Apple is also trying to gauge the potential disruption to production. Most of the world’s iPhones, as well as other devices, are assembled in China with components coming from a network of nearly 400 suppliers.
Apple’s first earnings report of 2020 saw the company hit a new all-time record for revenue made in a quarter thanks to stronger than expected iPhone sales.
The iPhone-maker brought in $91.8 billion during the holiday quarter which has the stock soaring in after-hours trading. Worries over how the coronavirus in China might affect Apple’s production throughout 2020 had Wall Street worried yesterday and based on Apple’s guidance for Q2 2020, the company doesn’t seem overly concerned it will have a big impact on profits yet.
Apple’s first earnings report of the decade is barely 24 hours away, and Wall Street is praying for another historic quarter.
After defying gravity for the last 12 months, Apple’s soaring stock price suffered its biggest single-day loss in more than six months today. Tuesday’s Q1 2020 earnings, which will cover sales from the 2019 holiday season, could provide the jolt AAPL shares need to start jumping up the charts again. However, certain hot topics — and what Apple says about them — could signal a downturn ahead.
Tim Cook shared a tribute to Kobe Bryant Sunday after the NBA legend’s death at the age of 41 in a helicopter crash in Calabasas, California. Bryant’s 13-year-old daughter, Gianna, was also killed in the crash, alongside seven others.
“Devastated and heartbroken by the passing of Kobe Bryant,” Cook wrote. “I admired his athletic prowess from afar and his humanity close up. He was an original. Our thoughts and prayers are with his family, friends and fans. RIP.”
Thousands of people in China contracted the Wuhan coronavirus, and several cities are been locked down in attempts to keep it from spreading during the Lunar New Year. Apple CEO Tim Cook promises his company will donate to relief efforts in China.
This week on The CultCast: It’s not your imagination — Apple changed AirPods Pro and made them worse! We’ll tell you what’s going on. Plus: A new report says Apple caved to FBI pressure to keep your iCloud backups less safe. And stay tuned to hear about about Tim Cook’s favorite new … shower tech? Rub-a-dub-dub, my friends.
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Yesterday, news broke about how Apple allegedly scrapped plans to let users fully encrypt backups of their devices using iCloud. This was supposedly because the FBI complained that encryption would make future investigations more difficult.
Apple did not comment on Reuters’ story. But a previous interview with CEO Tim Cook, published by German-language newspaper Der Spiegel, suggests this is something Apple may, in fact, have been working on.
President Donald Trump and Apple CEO Tim Cook are taking their awkward bromance to Davos.
Cook is reportedly slated to attend breakfast with Trump this Wednesday at the World Economic Forum in Davos, Switzerland. Trump, who used his opening speech at the international gathering to slam climate change activists, also will be briefed by IBM CEO Ginni Rometty during the breakfast meeting.
Nebia, the eco-friendly shower head company adored by Apple CEO Tim Cook, unveiled a new version of its shower system today. Unlike the previous two generations, this one is priced to sell.
The new Nebia shower head is smaller and cheaper than previous models. Nebia launched a Kickstarter for it today, revealing the price has dropped from $499 to just $160. Now almost every home can get a Silicon Valley-style shower.
Check out the new shower head in action:
Apple CEO Tim Cook called for worldwide corporate tax reform Monday, saying the tech giant “desperately” wants the system to be fair.
Speaking in Ireland at an awards event, Cook said he thinks “logically everybody knows it needs to be rehauled. I would certainly be the last person to say that the current system or the past system was the perfect system.”
Revelations that the FBI has access to a tool that can unlock data on secure iPhones are raising questions as to why the agency is demanding Apple help to create a “backdoor” to recover data on the iPhones of a Florida shooting suspect.
What do you get when you’ve been at Apple for five years — aside from a (hopefully nice) paycheck and the knowledge that you’re valued enough by the world’s biggest tech company that they want to keep you around for half a decade?
The answer: A nifty five years plaque you can hang up on your wall, signed by none other than CEO Tim Cook.
President Donald Trump called on Tuesday for Apple to “step up to the plate” and “help our great country” by unlocking the iPhones used by a Saudi aviation student that killed three people at a Florida Navy base in December.
Apple denied late Monday that it has not cooperated with U.S. federal authorities to help unlock a pair of iPhone’s believed to have belonged to a Saudi aviation student that killed three people at a Florida Navy base in December, saying it always works with law enforcement in their investigations and directly contradicting claims by the U.S. Attorney General that it had not given “substantive assistance.”
Apple CEO Tim Cook is set to receive a Special Recognition Award for the company’s 40 years of investment in Ireland, the IDA confirmed to Cult of Mac.
Irish Prime Minister Leo Varadkar will present Cook with the accolade on January 20 in Dublin. It may be met with criticism from some as Apple continues to pay back €13 billion in unpaid Irish taxes.
Tim Cook earned $125 million in Apple’s fiscal 2019, according to Apple’s latest SEC regulatory filings. That works out at more than $342,000 a day, or $28,538 per hour for a 12-hour shift.
But while Cook’s pay packet puts him firmly in 0.001 percenter territory as far as earnings go, it’s not a record year for him. In fact, Cook took home $11 million less than he did in 2018.
Apple’s first night at the Golden Globes didn’t go exactly as Tim Cook may have hoped — with none of the nominations for Apple TV+ show The Morning Show resulting in award wins. Adding insult to injury, returning host Ricky Gervais quipped that Apple used sweatshops to make its products. And even drew parallels to terrorist group ISIS.
CEO Cook was in attendance for the ceremony.
Tim Cook’s street food tour of East Asia continues. Earlier this week, Cook enjoyed a traditional breakfast in Singapore’s Tiong Bahru Market. Now he’s hopped over to Thailand, where he chowed down on some “five star” crab omelette in Bangkok with food bloggers Yota and Jira.
Oh, and visited some developers and Apple users, too. But, you know, that crab omelette!
iPhone hasn’t become a boring, mature product. Not according to Apple’s CEO, anyway. Tim Cook promises plenty of future iPhone innovation, though he admits progress is faster in some years than others.
Tim Cook has finished his visit to Japan and stopped off in Singapore for the next leg of his East Asian business jaunt.
On Twitter, Cook shared a photo of himself starting his day with a traditional Singaporean breakfast. Tiong Bahru Market is located in one of Singapore’s most vibrant neighborhoods. The area offers a variety of hipster stores and boutique art galleries.
Tim Cook is on a business trip to Japan right now — and, as part of his travels, he paid a visit to the first Apple Store the company opened outside of the United States.
That store is located in Ginza, a trendy shopping district in Tokyo. “Our very first store outside of the US, Apple Ginza is always such a special place,” Cook tweeted. “Thanks for a wonderful visit!”
Former design chief Jony Ive today disappeared from Apple’s leadership page after leaving Cupertino.
Ive joined Apple in 1992 and led its design team from 1996. He is credited for helping rescue the company from the brink of bankruptcy with a slew of iconic products.
It’s not quite the end of Ive’s relationship with Apple, however. His own design company, LoveFrom, will hold the iPhone-maker as one of its primary clients.
Tim Cook says that tech companies are doing a poor job creating policies that protect user privacy. The CEO of Apple wants the US government to step in.
Apple CEO Tim Cook clearly impressed Donald Trump yesterday during their tour of the Mac Pro factory; the president suggested that Apple be involved in rolling out 5G access across the US.
And he cited Cook as a big reason why.
Making the iPhone in the United States is “not on the horizon,” Tim Cook said during an interview with ABC News Wednesday.
Cook gave the interview while visiting Apple’s Mac Pro factory in Austin, Texas, with President Donald Trump.