Consumers Spent More Than $1B For Apple TV In 2013

By | Friday February 28, 2014 @ 1:10pm PST

Apple CEO Tim Cook disclosed the number, which includes hardware and software sales for the streaming video device, at the company’s annual shareholder meeting today. AppleTVAnd at $1B in sales “it’s a little hard to call it a hobby … Read More »

Comments (4)

Apple CEO Says He Plans New Products, Not Just Tweaks On Existing Ones

By | Monday January 27, 2014 @ 3:33pm PST

Don’t worry, Apple fans. When CEO Tim Cook talks about the new products he plans to introduce this year he isn’t just referring to variations on familiar themes, such as a large-screen iPhone. Tim Cook“We’re working on things that … Read More »

Comments (10)

Apple CEO Says Consumers May Have To Wait For New Product Lines

By | Monday October 28, 2013 @ 3:45pm PDT

Apple CEO Tim Cook probably just disappointed a lot of people who’ve been hoping to see his company unveil a new blockbuster product line such as an iWatch or Apple TV set. He teased the Read More »

Comments (4)

UPDATE: Apple Introduces Redesigned iPad Air And iPad Mini

By | Tuesday October 22, 2013 @ 10:48am PDT

Apple‘s share price fell right after CEO Tim Cook closed today’s new product event without a major surprise such as an update to the Apple TV or an iWatch. We’ll see whether investors … Read More »

Comments (7)

Apple’s Tim Cook Joins Twitter But He’s No Rupert Murdoch

By | Friday September 20, 2013 @ 3:32pm PDT

Steve Jobs never did it but today Apple’s current boss Tim Cook made his social media presence official. Right now let’s just say Rupert Murdoch doesn’t have to worry about the … Read More »

Comments (4)

UPDATE: Apple Shares Slip After It Introduces New iPhones And iOS Update

By | Tuesday September 10, 2013 @ 11:42am PDT

Investors were hoping that a low-priced iPhone would help Apple to expand in developing countries. But shares are -2.8% following a presentation where Apple CEO Tim Cook played up … Read More »

Comments (13)

Carl Icahn Says He’s Meeting With Apple’s Tim Cook About Stock Buyback

By | Thursday August 22, 2013 @ 1:01pm PDT

Billionaire investor Carl Icahn again took to Twitter to chat up Apple — just more than a week after he tweeted he has “a large position” in the computer giant, believes it to be “extremely undervalued” and … Read More »

Comments (1)

Apple Shares Rise After It Beats Earnings And iPhone Estimates For Fiscal Q3

By | Tuesday July 23, 2013 @ 1:32pm PDT

It’s not just the earnings pushing the stock up about 4.3% in post market trading. Investors will be delighted by the higher-than-expected iPhone sales: 31.2M in the quarter vs expectations for about 27M. As for the core financials: … Read More »

Comments (1)

D11: Apple CEO Tim Cook Talks Wearables, Taxes But Stymies Again On New Product: Video

By | Tuesday May 28, 2013 @ 8:07pm PDT

Apple‘s Tim Cook faced the billion-dollar question right off the bat at the annual AllThingsD tech conference Tuesday night: “Is Apple in trouble?” The CEO threw out a few calculated bones: the unveiling of a new iOS and OS X refresh in June at its WWDC conference, the hire of ex-EPA head Lisa Jackson as the company’s new environmental czar. But, as he did last year, Cook again skirted the toughest topics in his second visit to the AllThingsD tech conference leaving Applewatchers frustrated. “We believe very much in the element of surprise,” he said. “We think customers love surprises.” (UPDATE: Check out the full conversation below.)

If shareholders are concerned over Apple’s dipping stock prices — down 36% since September — Cook appeared unfazed. “The beauty of being around for a while is you see a lot of cycles,” he said. “Our North Star is always on making the best products. So we always come back to that.” But for all the emphasis on quality of usage, e-commerce and customer satisfaction over the number of units sold in the smartphone arena, Cook didn’t offer new-product reveals or the kind of game-changers Apple needs to maintain the pace set by the late Steve Jobs. (He did reveal that Apple bought 9 companies in the past year but didn’t announce them all.) Pressed on why Apple doesn’t expand its iPhone line with larger screens, stylus tablets, or cheaper alternative models like its competitors do, Cook blamed the trade-offs involved in crafting variants in a line versus improving the same model. “Are we now at a point that we need to do that?” he asked. Read More »

Comments (5)

UPDATE: Apple CEO Challenged For Moving “Crown Jewels” To Avoid Paying U.S. Taxes

By | Tuesday May 21, 2013 @ 11:08am PDT

UPDATE, 11:08 AM: Apple‘s part of today’s proceedings is over after Sen. Carl Levin finally drew blood. He hammered CEO Tim Cook and other Apple execs for creating business arrangements that ensured that the company’s “crown jewels” — economic rights to more than two-thirds of its worldwide profits — “are in three Irish companies that you control and don’t pay taxes.” Cook acknowledged that he has “no current plan” to bring that cash “home at the current tax rate.” Levin noted that this was entirely Apple’s choice: The arrangement in Ireland was signed by “three people working for Apple.” He also observed that the company repatriates profits from Latin America and Canada but not elsewhere. “We cannot continue a system where a multinational company as phenomenally successful as you can make a decision as to where the profits are going to flow. An American company where the R&D is 95% in the United States. You had R&D tax credits, all the benefits of living in this country, [including] protection of patents….You made a unilateral decision where these profits are going to be taxed or not taxed. Folks, that is not right.”

Related: Lawmakers Say Apple Exploits Loopholes To Avoid U.S. Taxes

PREVIOUS, 10:13 AM: Tim Cook seems to be in command so far in his appearance before the Senate’s Permanent Subcommittee on Investigations to defend Apple against charges that it parks cash overseas to avoid paying U.S. taxes. He began his testimony throwing down a gauntlet calling for “dramatic simplification” of U.S. corporate taxes. “Apple has always believed in the simple, not the complex,” he said adding that it should also apply to the tax code. He called for a revenue-neutral change that would lower corporate income tax rates and provide for “a reasonable tax”– which he said should be a single digit percentage — “that allows the free flow of capital back to the United States.” It would probably increase Apple’s U.S. taxes, he says, but “it would promote U.S. economic growth.” Read More »

Comments 34

Apple Says It Will Return Billions To Shareholders

By | Tuesday April 23, 2013 @ 2:46pm PDT

The consumer electronics company has more than doubled its stock repurchase program with plans to buy $100B of its shares by the end of 2015. “This is the largest share buyback of any company in history,” Apple CFO … Read More »

Comments (0)

UPDATE: Apple Shares Close Below $500

By | Tuesday January 15, 2013 @ 1:25pm PST

UPDATE, 1:25 PM: Apple ended the day at $485.92, -3.2% — the stock’s lowest closing price since February 8, 2012. The performance stood in contrast to the slight rise in both the Dow Jones Industrial Average and Standard & Poor’s 500. Investor concerns about how much and how quickly Apple can grow are sure to weigh on CEO Tim Cook as he prepares to talk with analysts on January 23, when the company releases its earnings for the last three months of 2012. Read More »

Comments 20

Apple Begins Charm Offensive Against Critics: Claims Will Start Bringing U.S. Jobs Back

By | Thursday December 6, 2012 @ 8:03am PST

Wouldn’t it be swell if the studios and networks felt the same way about their own runaway production? Apple‘s chief Tim Cook took on his Bad Apple critics in interviews this week — one airing tonight on Rock Center With Brian Williams (see the video below) and the other with Bloomberg Businessweek. Now Cook is claiming a line of Apple’s Mac computers will be manufactured in the U.S. in 2013. Certainly the Cupertino company has met with terrible press recently on at least two fronts — those Chinese worker walkouts over allegations of oppressive Foxconn working conditions on the new iPhone 5, and The New York Times exposé about Apple using creative accounting and legal loopholes to deprive U.S. and California government coffers of billions in badly needed corporate tax dollars while the fiscal cliff looms. When Williams asked Cook why Apple isn’t Read More »

Comments (14)

Apple Software Chief Scott Forstall And Retail Head John Browett Exiting Company

By | Tuesday October 30, 2012 @ 2:25am PDT

Apple reported disappointing Q4 results last week and shares were down about 9.5% over the last month as investors wondered whether the company can continue to fly high. On Monday, in its biggest management shake-up in … Read More »

Comments (5)

Apple Apologizes For Flawed Maps App

By | Friday September 28, 2012 @ 6:33am PDT

This had to hurt. Apple CEO Tim Cook acknowledged this morning that his company’s Maps product — which replaced Google Maps in the new iPhone 5 and iOS 6 operating system — “fell short” of his company’s standards. “We are extremely sorry for the frustration this has caused our customers and we are doing everything we can to make Maps better,” he said in a public letter. Cook’s mea culpa follows widespread reports across the Internet from people who became lost after relying on the Apple app for travel directions. For example, New York Times writer David Pogue wrote this week that he used his iPhone to reach a speaking engagement, but “When the app told me that I had arrived, I was sitting in a random suburban cul-de-sac.” Cook says that “The more our customers use our Maps the better it will get.” But he added that, in the meantime, they can download map apps from competitors including Bing, MapQuest, Waze, Google, and Nokia.

Related: Will Apple Be Able To Keep Up With Demand For iPhone 5? Read More »

Comments 32

Will Apple Be Able To Keep Up With Demand For Its iPhone 5?

By | Monday September 24, 2012 @ 9:57am PDT

That has to be a real concern for the company today: Apple sold 5M units in the smartphone’s opening weekend in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK, it said today. That means demand for iPhone 5 already exceeds the supply. Some people who pre-ordered will have to wait until next month to receive them, Apple says. And production could slow after the phone’s manufacturer, Foxconn Technology Group, shut a factory today in China following fights that Bloomberg says involved as many as 2,000 workers with 40 people hospitalized. A Foxconn spokesman wouldn’t say whether the plant makes iPhone 5 parts. Meanwhile iPhone 5-mania is just beginning: The new smartphone will be offered in 22 additional countries beginning Friday, and will sell in more than 100 countries by year-end. Apple CEO Tim Cook says this morning that although “we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date. We appreciate everyone’s patience and are working hard to build enough iPhone 5s for everyone.” Read More »

Comments (5)

Apple Fiscal Q3 Results Fall Short Of Analyst Expectations

By | Tuesday July 24, 2012 @ 1:51pm PDT

Apple Q3 2012 EarningsApple fanatics may find it hard to believe that the company could disappoint anybody. But the company’s stock is down about 5% in after-market trading following the release of fiscal Q3 earnings that failed to impress. … Read More »

Comments (2)

UPDATE: Apple Introduces Updates To Siri Plus New MacBook Pro With Retina Display

By | Monday June 11, 2012 @ 10:49am PDT

UPDATED: Apple gave its fans a lot of news to chew on — including features coming this fall on iOS 6, applications for the Siri voice recognition system, iPhone maps with turn-by-turn directions, and a light new MacBook Pro with a Retina display. But the company’s presentation at its Worldwide Developers Conference disappointed investors who had hoped to hear more — possibly the unveiling of a new iPhone, iPad, or Apple TV. Apple’s share price began to drop once it became clear that CEO Tim Cook and his colleagues had a more modest agenda. Apple users probably will be less churlish about today’s hodge-podge of announcements. One of the most notable is a major upgrade to the maps app that will enhance the iPhone’s ability to act as a GPS. All of the cartography was done in-house. The system is integrated with the Siri voice recognition system and has turn-by-turn navigation. It also has real-time traffic info enabling the system to direct users around accidents and jams. There’s a Flyover view, giving users a 3D look at major cities. The maps app will continue to work from the lock screen, and will be included in the iOS 6.

Related: Apple Has Big Secret Surprises Coming Next Week – But CEO Tim Cook Won’t Detail Read More »

Comments (6)

Apple Has Big Secret Surprises Coming Next Week – But CEO Tim Cook Won’t Detail

By | Tuesday May 29, 2012 @ 7:48pm PDT

Tim Cook Apple All Things DProblem is, Apple CEO Tim Cook won’t say what they are. He told the AllThingD conference tonight that he has never been so amazed as he is by “all the things I cannot talk about today.” In fact, Cook said the notoriously tight-lipped Apple would “double down on secrecy on products”. On the TV front, however, Cook made no secret of his enthusiasm for Steve Jobs’ pledge to change television with Apple TV like iTunes changed music. “We have a good relationship with the content owners,” Cook replied when asked about Apple and the Hollywood studios. “I’ve met with several of them recently; they were talking about what more we could do with them.” (Cook made a point of noting his respect for what Apple board member Bob Iger has accomplished at Disney.) Cook wouldn’t disclose what those discussions with Hollywood were about, except to say, “most people would say that TV is not an area of their life they are completely pleased with.” Read More »

Comments (19)
More Deadline | Hollywood »