Most remain undisclosed, but details on Beats buyout rationale emerge
Apple CEO Tim Cook disclosed during Tuesday's conference call with analysts that Apple had acquired 30 companies and/or their talent over the course of the past nine months, back to the beginning of the fiscal year which began last October. Of these, less than half have been publicly revealed -- though a few of the higher-profile buyouts, such as the record-setting Beats Electronics and Music deal, have made headlines. On the topic of the latter company, Cook shared a bit more detail on the thinking behind it.
Larger markets waiting on next iPad, sales in developing markets are way up
For the second time in as many quarters, Tim Cook has had to explain away drops in iPad sales. Last quarter, the iPad saw a 16 percent drop from the year-ago quarter, but Cook detailed a credible explanation that channel inventory from the holiday season had overstuffed retailers and that the drop was actually only three percent because of that, which fell within normal ranges. This time, iPad sales were down about 9.2 percent, which Cook largely blamed on anticipation for the next iPad coming this fall.
Apple CEO will make unspecified contribution in Campbell's honor
In something of an "exit interview" with Fortune magazine, outgoing Director Bill Campbell -- who started with Apple in 1983 and has served on the Board of Directors since 1997 -- talked about the late Steve Jobs, current CEO Tim Cook, his sideline seat watching Apple go from nearly broke to the most valuable publicly-traded company in the world and other topics. He also revealed that Cook plans to make a contribution to Campbell's hometown of Homestead, Pennslyvania.
Claims company more about 'actions'
Apple will eventually release data about the racial and gender diversity of its workforce, according to Tim Cook. The CEO made the comment at this week's Sun Valley conference in Idaho. "We'll release the information at some point," he remarked. "We are more focused on actions."
Cue silent on media deals
As anticipated, Apple CEO Tim Cook and senior VP of Internet software and services Eddy Cue are currently in Idaho for this week's Sun Valley media conference. Cook was spotted by the Wall Street Journal's Doug MacMillan. Cue, meanwhile, was briefly stopped by The Information's Jessica Lessin, who asked if he was talking to companies about TV programming deals. "Nah, just going back to my hotel room," the executive is quoted as saying.
Age, gender diversity, new businesses may be issues
Apple CEO Tim Cook is "actively" hunting for new directors to add to the company's board, sources tell the Wall Street Journal. Why is unmentioned, but it may be related to the age and gender diversity of the group. Just one board member is female -- Andrea Jung -- and six out of seven are over the age of 63. Another possibility is that Cook wants directors with experience in Apple's newest fields of interest, such as fashion, fitness, and mobile payments, of which the first two will be combined in this fall's iWatch.
Six-color Apple logo makes restyled comeback, of sorts
During today's San Francisco Pride Parade, some 5,000 Apple employees -- dressed in white t-shirts with a modern twist on the six-color classic Apple logo -- marched alongside CEO Tim Cook and Environmental Director Lisa Jackson in the iPhone maker's first public participation in the event. Employees handed out special "one free song" iTunes cards, and the company featured event-friendly apps on its App Store, such as Find My Friends. Apple also set up an LGBT Pride station on iTunes Radio for the day.
Duo attended 2013 event
Apple CEO Tim Cook and his senior VP of Internet Software and Services, Eddy Cue, may be headed to the 2014 Sun Valley media and finance conference in Idaho, scheduled for next week, according to an invitation list. The extension of invitations doesn't necessarily mean the pair will show. Both attended the 2013 conference however, and Cook went by himself in 2012.
Short-term focus doing disservice to long-term growth, evidence already on display
On Monday -- following a New York Times editorial that many saw as a "hit piece" on Apple CEO Tim Cook's leadership, designed to crimp the stock's recent growth -- investment firm UBS issued an unusual vote of confidence in Cook's leadership, calling him "the right man for the time" and saying "we think Cook-doubters will be proven wrong" in a note to investors. The investment firm has maintained a "buy" rating on Apple's stock, predicting a 12-month target of $100 per share, which it is within striking distance of now.
Cook allegedly aiming at 'friendlier' face for PR
Apple is considering hiring someone from outside the company to replace outgoing communications head Katie Cotton, sources say. Although there reportedly internal candidates as well, CEO Tim Cook is said to be leading a search for "high-profile" outside candidates that might put a "friendlier" face on Apple PR. Two internal candidates may be Steve Dowling and Nat Kerris, who have worked in Apple's Communications branch for years.
Photo shows second part to Austin visit
(Updated with photo of Cook at AppleCare center) As a part of his visit to Austin yesterday, Apple CEO Tim Cook also ended up touring the manufacturing plant where the Mac Pro is assembled, according to a new Twitter post. "Watching the Mac Pro come together in Austin yesterday, thanks to a team loaded with American manufacturing expertise," he writes, captioning a photo.
Talked Beats acquisition, Ahrendts hiring, 'exciting' new products
Although only the first two buildings in the first phase of the project has been fully operational for about a month, Apple's Austin, Texas-based Americas Operations Center held its grand opening today with special guests: Apple CEO Tim Cook, and senior VP of Internet Software and Services Eddy Cue. The pair spoke to workers about the recent Beats acquisition and the hiring of Dame Angela Ahrendts as retail chief, and also teased "exciting" new products in the pipeline.
Travel, lodging for trip to see Apple CEO not included
Tim Cook's second charity auction, selling a lunch with the Apple CEO, has ended -- bringing in over $330,000 for the Robert F. Kennedy Center for Justice and Human Rights. The winner is as of yet unnamed, but can bring a guest, with both attendees expected to undergo a security screening prior to the event. Travel and lodging are not included in the purchase price. A previous coffee meeting with Cook, auctioned off a year ago, fetched $610,000.
Proceeds to go to RFK Center for Justice and Human Rights
Apple CEO Tim Cook is now auctioning off a lunch date via the website Charitybuzz. The auction runs today through May 13th, and has a $100,000 target, with the proceeds due to go to the RFK Center for Justice and Human Rights. The RFK Center is involved in field activities around the world, as well as awards and educational programs.
CEO delves into details to add color to Apple earnings announcements
Beyond the "big story" about Apple's analyst-beating earnings, profits and surprise stock split, financial analysts got a chance to ask some probing questions during Wednesday's Apple conference call discussing the company's fiscal Q2 results. In a Q&A session accompanying the announcements, Apple CFO Lucas Maestri and CEO Tim Cook revealed some details and their thoughts on diverse areas of the business, ranging from specifics on China to the changing US smartphone landscape.
Surprise news beats expectations
Former Burberry CEO Angela Ahrendts will be joining Apple as its retail head "next week," Apple CEO Tim Cook revealed today during the company's Q2 conference call. Ahrendts has been confirmed as making the switch since last year, but until now neither Apple nor Burberry would give an exact timeframe. In the interim Ahrendts has been helping Burberry transition to her successor, CCO Christopher Bailey.
Company says almost half of US stores powered by renewable energy
Apple today embarked on a new campaign to advertise its environmental protection efforts. The company's CEO, Tim Cook, narrates a video simply titled "Better" (below), in which he talks about initiatives such as renewable energy for datacenters, and efforts to use recyclable materials in products and reduce the amount of packaging Apple products come in. The company's VP for environmental concerns, Lisa Jackson, has meanwhile given an interview to Wired on the topic.
Continues Apple's LGBT-friendly policies
Apple CEO Tim Cook took to Twitter earlier today in support of the Employee Non-Discrimination Act. "The House should mark the 50th anniversary of the Civil Rights Act by passing ENDA," he wrote. If passed, the bill would make it illegal for companies to discriminate based on gender identity or sexual orientation. The bill has been trapped in the US political system since 1994, however, and a November 2013 editorial by Cook in the Wall Street Journal had little impact.
Facebook's Mark Zuckerberg tops high-tech
Apple CEO Tim Cook pulled in $73.9 million in compensation during 2013, according to data compiled by USA Today. That included a $4.3 million salary, and $69.6 million in vested stock options Cook had been awarded several years ago. The figures were enough to rank Cook second among a list of best-paid Silicon Valley executives, but this year's payout was atypical for the Apple CEO.
Pope Francis, Dalai Lama among other people on list
Apple CEO Tim Cook ranks 33rd on a first-ever Fortune list of the "World's 50 Greatest Leaders," defined as people who are currently active with "transformative" influence. "Following Steve Jobs has arguably been the toughest corporate leadership assignment in decades, yet Cook has carried it off with mostly quiet aplomb," the publication writes. "In 2½ years he has kept the parade of winning new products marching (the Retina display, new operating systems, the iPhone 5), and he is bringing in Burberry's savior, Angela Ahrendts, to run Apple's retail stores. That's thinking different."
Book claims declining Apple culture
Yukari Iwatani Kane's book Haunted Empire: Apple After Steve Jobs is "nonsense," claims Apple CEO Tim Cook. "This nonsense belongs with some of the other books I've read about Apple," he says in a statement to CNBC. "It fails to capture Apple, Steve, or anyone else in the company. Apple has over 85,000 employees that come to work each day to do their best work, to create the world's best products, to put their mark in the universe and leave it better than they found it. This has been the heart of Apple from day one and will remain at the heart for decades to come. I am very confident about our future."
Short video clip made available by Israeli PM's office
As reported previously, Israeli Prime Minister Benjamin Netanyahu met on Wednesday with Apple CEO Tim Cook at Apple headquarters as part of a California-driven initiative to strengthen commercial ties between the state and Israel. In a short video posted to the prime minister's official YouTube channel, Netanyahu can be seen touring Apple's headquarters and posing with Cook ahead of a lunch meeting.
Tour of Silicon Valley part of California-Israel technology partnership deal
On Wednesday, visiting head of state Benjamin Netanyahu -- the prime minister of Israel -- met with Apple CEO Tim Cook and the founders of Facebook's recently-acquired WhatsApp as part of a tour of Silicon Valley, part of a state government initiative to forge stronger trade and business relationships between California and Israel. According to reports, Netanyahu had lunch with Cook at Apple's Cupertino headquarters.
First Apple outlet in Turkey
The delayed grand opening of the Istanbul Apple Store will take place on April 4, says local site ElmaDergisi. The report further claims that Turkish President Abdullah Gül will be present, along with Apple CEO Tim Cook. Cook only rarely appears at Apple Stores, and it's even rarer for major government officials to inaugurate a location.
Conservative group's proposal questioned costs of environmental initiatives, more
A shareholder questioner from a conservative front group, the National Center for Public Policy Research (NCPPR), who questioned Apple's humanitarian policies of worker education, services for the disabled, and particularly environmental initiatives -- and also demanded that the company commit to only policies and projects that were explicitly profitable -- was sternly rebuked by Apple CEO Tim Cook in an unusually direct exchange.
iMessage sees exponential growth
Apple is currently handling about 40 billion iMessages (including push notifications) per day, and about 15 to 20 million FaceTime calls, CEO Tim Cook disclosed earlier today during the company's annual shareholders meeting. That indicates exponential growth during 2013, since in January of that year, the company was only up to 2 billion iMessages a day. Apple just recently added audio-only FaceTime calls as an option for iOS and OS X, which could grow traffic even further.
Set-top no longer just a 'hobby,' CEO hints
More than $1 billion in Apple TVs were sold during 2013, Apple CEO Tim Cook revealed during today's annual shareholders meeting. At $99 per device, that translates into almost 10 million units. "It's a little more difficult to call it a hobby these days," Cook told investors, referring back to comments Apple executives have made about the Apple TV's significance and prospects.
Diligent student fondly remembered by classmates, teachers
On the same day that Apple CEO Tim Cook was celebrating the life of his predecessor, co-founder Steve Jobs, his hometown newspaper was running a profile of Cook that features insights on his early life in the small Alabama town of Robertsdale, a tiny community in the southern tip of the state, situation between Mobile and the Florida panhandle border. Cook revisited the area last Christmas when he went to see his parents.
Company still closely tied to co-founder's public image
Via Twitter, Apple CEO Tim Cook has posted a pair of quotes from company co-founder Steve Jobs on what would've been his 59th birthday. "Details matter, it's worth waiting to get it right," one of them reads. The other is Jobs' more famous adopted motto, "Stay hungry, stay foolish," which he took inspiration from (it originally appeared on the back cover of the last edition of The Whole Earth Catalog). To that quote, Cook adds that "We honor him by continuing the work he loved so much."
Newspaper also suggests iWatch might be able to predict heart attacks
Apple was at one point considering buying electric auto maker Tesla, a report from the San Francisco Chronicle suggests. The paper cites a source who says that in April of 2013, Tesla CEO Elon Musk met with Apple's head of acquisitions -- Adrian Perica -- at the company's Cupertino headquarters. It's speculated that he might also have met with Apple CEO Tim Cook, a strong possibility given Musk's importance, especially if the two companies were exploring a buyout.
Trial due to begin at end of March
Apple CEO Tim Cook and the head of Samsung's mobile division, Shin Jong-Kyun, are said to have met last week in a failed attempt to negotiate an out-of-court settlement, Korean reports say. The meeting came about because of a US court order mandating the two sides meet ahead of next month's trial. Lawyers are said to have met on January 6th to set a framework for the negotiation, which included a Feburary 19th deadline, and the presence of each side's CEO along with three to four in-house attorneys.
Apple CEO doesn't dismiss possibility of bigger iPhone
The Wall Street Journal has published the full contents of yesterday's interview with Apple CEO Tim Cook, in which he announced the company's expanded share buyback plan. Commenting on Google's recent sale of Motorola to Lenovo, Cook says that he "wasn't surprised," and that it "seems like a logical transaction," since Motorola is losing money and Google isn't committed to it. "I think it's really hard to do hardware, software and services and to link all those things together. That's what makes Apple so special," he adds. "It's really hard, so I'm not surprised that they are not going to do that."
Apps, educational systems discussed
As a part of his tour of the United Arab Emirates, Apple CEO Tim Cook today met with Minister of Cabinet Affairs Mohammad Abdullah Al Gergawi and other government officials in Dubai, says the Khaleej Times. The ensemble reportedly discussed developing next-generation educational apps, and the potential of creating an entirely new educational model that other nations might adopt as well. Al Gergawi is said to have lauded the potential of a public-private partnership with Apple.
Cook eager to show investors that company is confident in future
Just two weeks after it reported its fiscal Q1 2014 results -- which set records in many areas but disappointed iPhone-focused investors -- Apple CEO Tim Cook has revealed in an interview that the company has repurchased another $14 billion of its own stock , on top of over $40 billion spent on buybacks over the past year. Some $12 billion of the new purchase was part of the regular buyback program, with another $2 billion bought separately on the open market.
President, Prime Minister ask for technology part investment, get promise of 'unique' Apple Store
Following on from reports yesterday, Apple CEO Tim Cook held a high-level meeting with Turkey's President Abdullah Gül regarding the country's FATIH initiative, a potentially $4 billion deal to supply Turkey's students with iPads. Also discussed at the meeting was improving iOS keyboard support of the Turkish language, adding more content to Turkey's recently-opened iTunes stores, and further localization of support, such as through Siri.
Follows visits to Ireland, UAE, mostly on educational tech topics
Apple CEO Tim Cook, already on something of a world tour following recent visits to China, Ireland and the United Arab Emirates, will meet once again with Turkey's President Abdullah Gül on Tuesday, presumably to further discuss a potential $4 billion iPad educational initiative as well as open the country's first-ever Apple Store, located in Istanbul. The store is a 21,500-foot facility in the city's Zorlu Center, and follows the opening of the online Apple Store for Turkey back in October.
Cook makes 'exception' to company's forward-looking policy
Following a blitz of interviews given by the executive team and a special mini-site dedicated to the 30th anniversary of the Macintosh, Apple has rounded off its celebrations by hosting a "beer bash" for employees that featured executives and engineers mingling outside the company's main headquarters, and a live concert by the band One Republic. The well-attended event (captured in a photo by Apple CEO Tim Cook, below) also featured brief remarks by Cook.
Truth of statement difficult to verify
ABC has released another clip from its interview with Tim Cook and other Apple executives. In the new piece, Cook discuses the National Security Agency's domestic spying operations, and whether or not the agency has direct access to Apple servers, as it does at some other corporations like AT&T. "I've been pushing very, very hard to open the books and be totally transparent," he says. "Much of what has been said isn't true; there is no back door. The government doesn't have access to our servers. They would have to cart us out in a box for that. And that just will not happen. We feel that - strongly about it. But I do want to be transparent, because I think transparency would help put everything in perspective."
CEO drumming up shareholder interest in US
Apple CEO Tim Cook made a rare TV appearance on Wednesday in order to discuss the company's impending launch of the iPhone on China Mobile. Cook sat alongside Mobile chairman Xi Guohua during an interview with CNBC. The former called the deal a "watershed day," and claimed that Mobile has a "very fast network." He also spoke of "deep respect" for the carrier, adding that he's been "incredibly impressed" so far.
Cook tied his reward more closely with stock performance over company performance
A move made by Apple CEO Tim Cook and the board of directors at Apple has ended up costing Cook some $4 million in additional bonuses over the previous arrangement, according to proxy statements filed by the company over the weekend. Cook annually receives a stock grant, but because AAPL didn't outperform the overall S&P500 average to which the award is tied, Cook lost about half of the grant, which would currently be worth about $4 million.
Salary and bonuses amount to small rise from 2012 package
Though the media generally reports that Apple CEO Tim Cook has "earned" hundreds of millions of dollars in compensation, in fact most of the money attributed to Apple's chief is theoretical, and comes in the form of stock options or Restricted Stock Units -- potential rewards Cook may never see, and won't vest for years to come. For 2013, Cook's actual yearly compensation package totalled $4.3 million, a slight rise from the $4.17 million he made last year, his first full year as CEO.
Apple acquisitions reportedly continue
Apple may have stealthily acquired two more companies in a continuing effort to improve the functionality of iOS. 9to5Mac reported on Monday that Apple has snatched up both BroadMap – a mapping firm – and Catch – an Evernote competitor – in the last several months. Apple CEO Tim Cook has previously said that Apple has acquired 15 firms this year, but not all of those have been revealed to date, and these latest two firms appear to be the sort that Apple would pick up.
Cook promises a lot to look forward to for 2014
Apple CEO Tim Cook told employees of the iPhone maker that the company has big things on queue for 2014, fueling speculation that the next year could see multiple new Apple product families introduced. In an email obtained by 9to5Mac, Cook wished Apple employees a happy holiday season and thanked them for their contributions to the company's ongoing successes. The Apple chief also devoted space to discussing Apple's recent efforts toward encouraging diversity. One sentence, though, is likely of the most interest for Apple fans and investors: the one dealing with what Apple has planned for the near future.
Cook speaks on gay rights, racism, immigration at alma mater
On Tuesday, Apple CEO Tim Cook accepted a Lifetime Achievement Award from Auburn University, his alma mater, where he earned his bachelor's degree in industrial engineering. In his acceptance speech, the Apple CEO addressed a number of issues, but he dwelt for a time on equality. A video of the speech has been posted to the Internet, and in it Cook speaks out on gay rights, racism, and immigration. The United States should move toward equality, Cook says, because movement toward such issues is "right and just."
Admits 'Steve Jobs probably wouldn't have talked to me'
(Updated with Twitter comment on buyback cap) Investor Carl Icahn filed a shareholder proposal for an Apple stock buyback on November 26th, a new TIME interview reveals. Icahn has been trying to pressure Apple into expanding its current buyback from $60 billion to $150 billion, and having it take effect immediately, rather than run through 2015. In response to the interview, Apple has issued a statement. "As part of our regular review process, we are once again actively seeking our shareholders' input on our program, and as we said in October, the management team and our board are engaged in an ongoing discussion about it which is thoughtful and deliberate," a spokesperson says.
Letter to Cook confirms $2.5 billion in share holdings
Investor Carl Icahn has publicly released a letter he originally sent to Apple CEO Tim Cook in late October. The letter -- issued to shareholders overnight -- confirms that Icahn now owns roughly $2.5 billion in Apple stock, and continues pushing for expanding the company's share buyback program from $60 billion to $150 billion, while having it take effect immediately instead of running through 2015. Icahn claims that his plan could ultimately raise Apple's share price to as high as $1,250, which would make it more valuable than Google.
Investor quiet on progress of stock buyback agenda
Rich investor Carl Icahn has again spoken with Apple CEO Tim Cook, CNBC reports. Icahn tells the network that he had a "good conversation" with Cook in the past few days, and that both sides agree Apple stock is undervalued. The parties are also allegedly continuing to explore the possibility of an expanded share buyback program.
Rare political statement by Apple executive
In a Sunday editorial for the Wall Street Journal, Apple CEO Tim Cook asked US senators to pass the Employment Non-Discrimination Act in a cloture vote scheduled to take place on Monday. ENDA is meant to prevent businesses from discriminating based on gender or sexual orientation. Although the Act has the backing of President Obama and 59 senators, it's one senator short of the 60 needed to defeat any Republican filibuster attempt. That makes it critical for ENDA's backers to swing any moderate Republicans, if possible.
Option reserved in case Apple executives decline proposal
A shareholder proxy vote is an option if Apple executives don't go along with a $150 billion share buyback proposal, says Carl Icahn in a new CNBC interview. The investor -- who has met with Apple CEO Tim Cook on the matter, and sent an open letter -- states that he isn't "going away," and will continue pursuing an expanded buyback. Asked if he's interested in using a proxy vote, he says that "We'll test the waters and see if the shareholders want us to do it and want us to win."
Investor ups stake to $2.5 billion
As promised yesterday, influential investor Carl Icahn has published the contents of a letter sent to Apple CEO Tim Cook. The letter asks Apple to pursue an "immediate" $150 billion share buyback program, expanding on the $60 billion program the company is already engaged in. The latter is due to finish by the end of 2015, and has required Apple to go into debt despite tens of billions in cash reserves.