Executive thought about media message 'for a while'
Apple CEO Tim Cook has come out as gay in a new essay written for Bloomberg Businessweek. Although the fact has been widely known for some time, Cook has never before stated it publicly. He says that he is "proud to be gay," but admits that it "wasn't an easy choice" to come out. "Privacy remains important to me, and I'd like to hold on to a small amount of it," the essay reads later on. "I've made Apple my life's work, and I will continue to spend virtually all of my waking time focused on being the best CEO I can be. That's what our employees deserve -- and our customers, developers, shareholders, and supplier partners deserve it, too."
Cook says CVS, Rite Aid will eventually need to do what customers want
During the service's first 72 hours, over one million credit and debit cards were activated on Apple Pay, according to Apple CEO Tim Cook. The executive made the comment yesterday at the WSJ.D conference in Laguna Beach, California. Cook moreover claims that Apple Pay already has more mobile wallets in the US than all other mobile payment platforms combined, despite the headstart of options like Google Wallet.
Engineering effort to re-make low demand device would be 'massive'
Without much fanfare, Apple discontinued the hard drive-based iPod classic in September of this year. Speaking at the Wall Street Journal's WSJD conference, Apple CEO Tim Cook had a simple explanation for fans of the high capacity device -- lack of parts availability led to the demise of the last non-flash iPod.
Effort still in earliest stages
For Apple, getting Apple Pay working in China is a major priority, CEO Tim Cook tells China's state-run Xinhua news agency. "China is a really key market for us," he says. "Everything we do, we are going to work it here. Apple Pay is on the top of the list." He adds, however, that the company still has to learn the steps needed to bring Apple Pay to China, and has yet to meet with local banks, merchants, and carriers.
Icahn endorsement, strong iPhone sales, coming holiday behind push
Apple's stock on Thursday hit a new all-time closing high, reaching $104.83 per share at the closing bell. While many are waiting to see if the company can close the week at that level or higher, others -- including activist investor Carl Icahn and CEO Tim Cook -- believe the stock remains undervalued. AAPL also set a new intra-day high of $105.05 during trading, and is up slightly from its close at this writing in after-hours trading. Stronger-than-expected iPhone numbers and the coming holiday season has helped fuel the rise.
CEO as already met with Vice Premier Ma Kai over China iCloud attacks
Apple CEO Tim Cook has posted a picture from his latest trip to China on Twitter, showing him sharing a laugh with a factory worker named Zhang Fan, who helps assemble the iPhone 6 at a factory in Zhengzhou. While Foxconn's factories manufacture equipment for a wide variety of technology firms including Google, Microsoft and others, Cook is the only CEO to routinely visit the facilities and personally investigate conditions and safety at the plants. He called the meeting with Zhang "an early highlight" of the trip.
Chinese government so far denying involvement
Apple CEO Tim Cook met with China's Vice Premier Ma Kai in Beijing on Wednesday to discuss man-in-the-middle attacks against iCloud users, according to Reuters and China's state-run Xinhua news agency. Reuters notes that the Chinese government has so far denied allegations of involvement, which in particular tied the attacks to the state firewall used to censor Internet access in the country. As for the meeting, Xinhua says only that the pair shared views on "protection of users' information" and "strengthening cooperation and in information and communication fields."
Now at $45 billion in buybacks for the year, double its 2013 buying spree
During its conference call to analysts, Apple CEO Tim Cook mentioned that the company had spent $17 billion in the fourth fiscal quarter on further stock buybacks, the largest amount since the March quarter and bringing the total spent across the fiscal year to $45 billion. About half of the money was spent buying shares on the open market rather than through banking partners, an unusual move for a large corporation. The stock came close to another record high on Tuesday, but has yet to crack its $110 all-time (adjusted for both splits and buybacks) share high.
Cook announces new trip to Beijing for worker meeting that will be posted online
As is his habit, Apple CEO Tim Cook on Monday released a company-wide memo to employees recapping much of the sales and growth data from the analyst conference call given earlier that afternoon. He referred to the expectation-beating results as "Apple's highest September quarter revenue ever, and our strongest growth rate in seven quarters," adding that this was made possible "by your hard work and dedication." He also noted the big jump in Mac sales, beating industry averages significantly.
Says Apple shares are trading at half their actual value
(Updated with Apple response) Following up on yesterday's Twitter post, Carl Icahn has published an open letter to Apple CEO Tim Cook, urging him to ask the Board of Directors to "accelerate and increase the magnitude of share repurchases" through a tender offer. He argues that Apple shares are trading at half of their actual value, pointing to personal estimates for Apple's growth in fiscal 2016 and 2017 should value Apple at $203 today. In real-world trading, Apple stocks are currently worth over $101.50.
Investor may be angling for more payouts
Activist investor Carl Icahn has taken to Twitter to hint at an "interesting" open letter addressed to Apple CEO Tim Cook. "Tmrw we'll be sending an open letter to @tim_cook. Believe it will be interesting," one post reads. In another, he comments about his firm's large stake in Apple and recent share performance. "Just over 1yr ago we tweeted our large position in $AAPL & belief the company extremely undervalued. Since then, stock is up 50.6 percent."
Says co-founder's influence is still present in every new product and service
As he has done each year since taking over as CEO, Tim Cook has written a memo to all Apple employees reflecting on the death of co-founder and former CEO Steve Jobs. In this latest note, Cook says he will be thinking of Jobs on Sunday, the third anniversary of his passing. He thanks employees for "helping carry Steve's legacy into the future," and notes that even projects that were begun after Jobs's death still carry his "unmistakeable" influence.
Google chairman defends company against implied Tim Cook remarks
Google chairman Eric Schmidt has fought back against comments over the company's security and privacy, following comments laid out by Apple CEO Tim Cook. In an interview which touched upon a recent open letter about privacy from Cook, Schmidt claims "Someone didn't brief [Cook] correctly on Google's policies. It's unfortunate for him."
Continues trend of recent years
Apple CEO Tim Cook has sent a memo to all of the company's workers, promising an extended vacation the week of the US Thanksgiving holiday. The decision is said to be a reward for this month's product launches, which included iOS 8, the iPhone 6 and iPhone 6 Plus, and previews of Apple Pay and the Apple Watch. The company, and Cook in particular, have instituted similar vacations in the past.
CEO hints at still greater uses
People will be able to use the Apple Watch as a remote for their Apple TV, Apple CEO Tim Cook mentions in the full-length version of a recent Bloomberg interview. "I love operating my Apple TV from the watch. I don't have to worry anymore about the remote falling through the cushions of the sofa," he joked. The interviewer notes that the public has yet to see the matching app. "There's -- I don't think we showed this," Cook responds. "I've got a little advance copy. And so it will operate your Apple TV, and you can imagine that it can control other things as well."
Says climate, human rights, education 'deep in our values'
Speaking at Climate Week NYC earlier today, Apple CEO Tim Cook said that he was "optimistic" about his company's ability to influence climate change, as well as the prospect of people choosing "green" products over alternatives. "Consumers will vote with their dollars. There's no one out there that wants the planet to go in the wrong direction, or to continue to go in the wrong direction," he explained.
Speech to be livestreamed
Apple CEO Tim Cook is due to speak at the Climate Week NYC conference at 12PM Eastern time, or 9AM Pacific. The conference is an annual gathering themed around sustainability, and for 2014 there is a special emphasis on lowering carbon emissions. Cook will be joined by other corporate heads from firms such as IKEA and Bloomberg. A livestream link is embedded below.
Event will run at same time as rival Code/Mobile
Apple CEO Tim Cook will be interviewed at the first WSJDLive technology conference being hosted by the Wall Street Journal, according to an announcement. The event is scheduled for October 27 through the 29 at the Montage in Laguna Beach, California. Some other people appearing at the conference will include Alibaba Executive Chairman Jack Ma, and Dreamworks Co-founder Jeffrey Katzenberg.
Apple executives drum up publicity for iPhone 6 launch
For today's iPhone 6 launch, Apple CEO Tim Cook made an appearance at the Palo Alto Apple Store, while retail head Angela Ahrendts helped launch the phone in Sydney, Australia -- one of the first places in the world to get the device. Cook is said to have taken selfie photos with the crowd, and joked that he'd gotten the phone several months ago. Ahrendts was spotted talking with Apple Store clerks.
Fortune's annual list of Most Powerful Women in Business released, features IBM's Ginni Rometty, App
Fortune has released its 17th annual list of the 50 Most Powerful Women in Business, with Apple's Angela Ahrendts making the top 30. The list, compiled by Fortune editors, produced the list with four criteria: the size and importance of the woman's business in the global economy, the health and direction of the business, the arc of their career, and social and cultural influence. Topping the list is Chairman, CEO and President of IBM Ginni Rometty, who in an interview with Fortune described IBM's recent partnership with Apple for developing services optimized for iOS and IBM support.
Security, user data respect seen as differentiators from rival companies
Company is a 'very different place,' but changing market suits Cook's management style
A hit-and-miss profile on Apple CEO Tim Cook has brought some new details to light about changes made at Apple since Cook took over in late 2011. It also confirms that the Apple Watch project was started after former CEO and co-founder Steve Jobs died, that the consolidation of hardware and software teams that led to Scott Forstall's ouster was a deliberate move by Cook, and that those who work with him have no doubts about the ability of the company to continue innovating.
Williams says holiday launch was possible, but bad idea
A new interview with CEO Tim Cook, lead designer Jonathan Ive, and Operations head Jeff Williams sheds some light on the development of the Apple Watch. Ive remarks that Apple first began working on the project about three years ago, and calls it "probably one of the most difficult projects I have ever worked on." The company delved into an extreme amount of research, going so far as to invite watch historians to speak at its Cupertino headquarters. "What was interesting is that it [watches] took centuries to find the wrist, and then it didn't go anywhere else," Ive says. "I would argue the wrist is the right place for the technology."
Show website features full interview in two parts, includes talk of Jobs, diversity, innovation
A nearly two-hour conversation with Apple CEO Tim Cook covering a wide variety of topics is now available in full from the Charlie Rose show website as well as PBS' own Hulu channel. Excerpts from the interview are also available on PBS' iOS app. The sit down discussion with Rose was filmed almost immediately after Cook unveiled the new iPhone 6 and 6 Plus, the Apple Watch and the Apple Pay mobile payments system.
Apple's product-centric business model differentiates it from others, CEO says
During more of the interview for PBS' "Charlie Rose" show, Apple CEO Tim Cook addressed the thorny issue of user privacy, with Cook coming out strongly differentiating Apple from other companies, noting that Apple "tries not to collect data." Cook said he believes users "have a right to privacy," and used the issue to reiterate that Apple was not cooperating with US government spying programs.
Concerns more directly related to HealthKit
Connecticut's Attorney General, George Jepsen, has issued a letter to Apple CEO Tim Cook, asking the company to explain how the Apple Watch will collect and store data. Jepsen asks, for instance, "whether Apple will allow consumers to store personal and health information on Apple Watch itself and/or on its servers, and if so, how information will be safeguarded," and "if and how Apple will review application privacy policies to ensure that users' health information is safeguarded." Other concerns include consent, the specific types of data the watch and its apps will collect, and guideline enforcement.
New interview reveals CEO still focused on TV, thinking bigger
In a new interview for the PBS Charlie Rose show, Apple CEO Tim Cook adds some small tidbits to hs previous public statements around Apple's latest products. Specifically, he reveals that the company's "great interest" in television is continuing, that the company is working on products not even "rumored about yet," and more.
Apple Watch may be first new product never seen by Jobs, Apple Pay 'incredibly safe'
In interviews with the Wall Street Journal and ABC News' David Muir, Apple CEO Tim Cook reiterated many of the sentiments expressed during the Tuesday press even that introduced the two new iPhone 6 models, the Apple Watch wearable and the Apple Pay mobile payments system. He also, however, had a few words in response to questions, ranging from his thoughts on Steve Jobs in the three years since his passing, and how the iPhone 6 will trigger "the mother of all upgrades."
Electronista, MacNN staff discuss the new announcements from the fall event
A great deal of conversation between the MacNN and Electronista staff happens behind the scenes, especially when something like keynotes are ongoing. This week's annual Apple mobile announcement is no different. Writers Mike and Jordan, along with editor Charles, tackle some of the issues surrounding the mass-media Apple reveal that Tim Cook helmed today, showing the iPhone 6 family, and the Apple Watch.
U2 partnership allows large launch, free Sounds of Innocence album until October 13
Not leaving any stone unturned, Apple made a final announcement during the iPhone 6 unveiling that moved away from hardware. After bringing the much-rumored group U2 to the stage to perform their new single during the event, Tim Cook and Bono played out a little event on stage that would lead to one of the biggest musical launches in history, and it was happening on iTunes.
Photos not obtained by iCloud breach, but by password hacking
Apple CEO Tim Cook has formally addressed the recent celebrity selfies scandal, where some of the images obtained by hackers came from the victims' iCloud accounts (alongside other services, those responsible for the collection of the images have recently admitted). In an interview with the Wall Street Journal, Cook not only acknowledged that some celebrities' accounts were specifically targeted using conventional data-stealing techniques, but promised both educational and engineering improvements.
Every category being hit, CEO says
Flattening iPad sales during the last two quarters are nothing to worry about, says Apple CEO Tim Cook in a new interview. "We couldn't be happier with how we've done with the first four years of the iPad," he tells Re/Code's Walt Mossberg. "I'd call what's going on recently a speed bump, and I've seen that in every category."
Tablet has been popular with medical sector, gov't calls hospital a 'model' for others
One day after US Secretary of Veterans Affairs Robert McDonald called the Palo Alto Veterans Administration hospital one of the "crown jewels" of the VA healthcare system," the facility received a visit from Apple CEO Tim Cook, who tweeted that he was "honored" to meet doctors alongside California legislator Anna Eshoo, noting that the facility is "now using iPads to help treat vets and families." The message was accompanied by a photo of Cook with an iPad-using staffer.
Directors, executives accused of bringing company into legal trouble
A new lawsuit, filed on behalf of plaintiff R. Andre Klein, is seeking damage compensation for Apple shareholders as a result of alleged misconduct by the company's directors and executives. Lawyers for Klein accuse former CEO Steve Jobs, current CEO Tim Cook and others of "breach of fiduciary duty, gross mismanagement, corporate waste, and breach of the duty of honest services." Specifically, by engaging in anti-poaching practices, Apple leaders are said to have caused the company to break antitrust laws, issue misleading proxy statements, and suppress workers' wages.
Donations going to ALS Association
[Update: Tim Cook answers challenge] Apple's worldwide marketing head, Phil Schiller, has joined in on the "ice bucket challenge" currently making the rounds on social media to raise awareness and money for combatting ALS. In a Twitter post, Schiller includes photos of himself standing on a beach and tipping a bucket of water over his head. Keeping to the rules, he challenges other people, including his wife Kim, Apple CEO Tim Cook, and fellow Boston College graduate Chris O'Donnell, currently best known for starring in NCIS: Los Angeles. Later on Thursday, Cook answered the challenge in front of a crowd of Apple employees.
Comic legend offered the original voice to the 'Your Verse' campaign
[Updated with addition of feature spot on the main Apple website] The death of actor and comic Robin Williams has spawned a dedicated section at the iTunes Store where fans can find various movies, specials and other performances from the widely-loved actor and comedian. Among the offerings are both videos and audio-only appearances, celebrating the diversity of his career along with a brief biographical note. Apple CEO Tim Cook and Nest CEO Tony Fadell were among the luminaries that remembered Williams in tweets on Monday.
Internal memo says Apple is donating to relief charities
(Updated with precise donation figure) Apple CEO Tim Cook has issued an internal memo expressing "deepest sympathies" to the victims of this weekend's earthquake in Yunnan, China, and promoting the company's related charity efforts. "Our deepest sympathies go out to the people of China's Yunnan Province, which was struck by a devastating 6.5-magnitude earthquake over the weekend," he writes. "Nearly 600 people died and over 2400 were injured in the worst earthquake to hit the region in 100 years. Rescuers have evacuated 230,000 people who are now displaced from their homes. The road to Longtoushan Township, the epicenter of the quake, has been blocked by landslides, making the rescue effort there even more challenging.
Analyst talks of iOS 'everywhere,' Cook's bold strategies
Six weeks after it rebutted a New York Times editorial that cast doubt on Apple's CEO, investment firm UBS has again praised Tim Cook's vision and leadership of Apple in a note to clients. In particular, analyst Steven Milunovich was taken with Cook's plans to expand iOS to automotive, gym, medical and home markets through its CarPlay, HealthKit and HomeKit initiatives, as well as the continuing growth of the entire OS X and iOS eco-systems, which the company refers to as "the Applesphere."
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.