Apple, other tech companies react harshly to similar Indiana law
Amidst strong critical and economic reaction to an anti-LGBT law signed by Republican Governor Mike Pence in Indiana, Apple CEO Tim Cook -- recently named as the "World's Greatest [Business] Leader" by Fortune magazine -- has posted on Twitter expressing "deep" disappointment with the move and urging another Republican governor, Asa Hutchinson of Arkansas, not to sign a similar measure.
New interview discusses pressures of leadership, higher profile of colleagues
On Thursday, Fortune magazine named Apple CEO Tim Cook to the top spot of its "World's 50 Greatest Leaders," which largely refers to business and industry leaders rather than government officials. The honor came with a new interview with Cook as well as some of those who work with him, and addresses many of Cook's and the company's successes (and a few missteps) in the lengthy profile.
Inner circle felt need to help provide more complete picture of complex leader
After a long period of refusing to participate, and following some "reflection" on how Jobs was portrayed in his own authorized biography, Apple executives reversed course and agreed to be interviewed for a new biography on the mercurial co-founder and twice-CEO of Apple. Due to go on sale tomorrow, Becoming Steve Jobs, by Brent Schlender and Rick Tetzeli, includes statements made by CEO Tim Cook and numerous other Apple executives, a first for the company since Jobs' death in 2011.
Congratulates host on 10-year anniversary of 'Mad Money' stock show
Say what you want about CNBC financial host Jim Cramer, but he found a way to making talking about stocks for a good portion of the day interesting through a combination of hair-on-fire histrionics and old-fashioned physical comedy. On the occasion of the Mad Money show's tenth anniversary, Apple CEO Tim Cook called in as a surprise to congratulate Cramer, saying that "we love the fact that you highlight innovation as a centerpiece of your show." Cramer took the opportunity to praise Cook as well.
Donation announced on same day as call for African-American on Apple's board
Even as Reverend Jesse Jackson was calling on Apple CEO Tim Cook to name a person of color to Apple's board of directors to replace the retiring Mickey Drexler at its annual shareholder's meeting, the company announced that it would invest some $50 million in grants to various organizations aimed at raising the profile and diversity of minorities, women, and service veterans in the technology industry. The money will fund the first stage of a multi-year effort, the company said.
Cook commits to more work on diversity, dodges questions on board opening, Tesla
The annual Apple shareholders' meeting was held on Tuesday at Apple headquarters in Cupertino, with shareholders re-electing the entire board of directors, expressing confidence in the management team, and following Apple's recommendations on various proposals. The board was re-elected with 95 percent approval, but Apple CEO Tim Cook notably avoided questions about diversity on Apple's board, as well as shareholder questions about a possible Tesla relationship.
CEO Tim Cook reveals details, apps for Apple's latest hardware category
On Monday, Apple CEO Tim Cook and other executives spent the majority of their time during the press event held today talking about the forthcoming Apple Watch. The company finally iterated pricing for the device, one of the biggest mysteries concerning the debut, by saying the Sport version would start at $349 ($399 for the men's model), while the regular model would begin at $549 to $1,040 ($50 more for the 42mm men's watch size), and the deluxe Edition version, which features a solid 18-karat gold body, would be available from $10,000. The Apple Watch will officially open for pre-orders at retail on April 10, and demos are available at Apple Stores. It will debut on April 24 at retail.
First five apps available today, focusing on diabetes, Parkinson's, more
As part of today's Apple "Spring Forward" event, CEO Tim Cook announced ResearchKit, a framework that enables medical researchers to more easily design the apps they're going to use for clinical studies. The first apps available target Parkinson's disease, diabetes, cardiovascular disease, asthma, and breast cancer. The app development kit is strictly opt-in for users, and is designed to collate data from research subjects. It runs hand-in-hand with HealthKit, and will be open source for full availability to all who seek to use it.
Product debut build-up resulting in rare access to CEO and design chief
A new interview with Apple design head Sir Jonathan Ive and recent remarks by CEO Tim Cook are shedding some light (and building up hype) for both the Apple Watch and the current outlook of the company and the men who run it. Ive, in an interview with London's Financial Times, explains the rationale behind the development of the Apple Watch, while Cook expanded on his view on privacy, and Apple's industry leadership. In other news, a forthcoming Apple Watch app has already set the bar to a new low.
Apple Watch, abilities will expand over time, replace car keys as well
In a new interview with the UK newspaper the Telegraph, Apple CEO Tim Cook has revealed a few new tidbits about the forthcoming Apple Watch, as well as some of the larger vision behind such innovations as the watch, and Apple Pay, and Touch ID -- an all-out attempt to reduce the ephemera people need to carry with them, from wallets to car keys. In the same report, Cook also confirmed that Apple will "tweak" its retail look to accommodate Apple Watch buyers, who are likely to be even more upscale than average Apple customers.
Visits with German Chancellor, Israeli President for former president
Fresh from his trip to Germany, Apple CEO Tim Cook and Apple VP of Hardware Technology Johny Srugi -- the latter a graduate of Israel's Technion Institute of Technology -- have made their way to Israel for meetings and to attend the opening of a new set of Apple R&D offices in Herzliya. Along with the announcement of a nearly $2 billion investment in two new data centers to be located in Europe, Cook and Srugi met with various Israeli officials, including President Rueven Rivlin and former president Shimon Peres.
Reason Cook is in Germany not clear, pays visit to Bild tabloid newspaper
Apple CEO Tim Cook was spotted in Berlin, Germany on Tuesday, spending a portion of his day with the editors of the German tabloid paper Bild, though the reasons for the visit were not made clear. Cook may be in Germany for a variety of reasons, ranging from meetings with EU bankers to help forge European Apple Pay agreements, to overseeing the last of the glass panels for the Apple Campus 2, or on his way to Israel to help open the new Apple R&D center there. While in Germany, he tweeted a remembrance of what would have been Steve Jobs' 60th birthday.
Initiative launches in September, massive transaction volume expected
At today's Cyber Security conference at California's Stanford University, Apple CEO Tim Cook took the stage. As part of the appearance, the White House and Cook announced that Apple Pay would be enabled for users of federal payment cards, including all benefits that are paid out through debit cards. Additionally, the Apple payment service would be accepted at National parks and similar venues.
Facility near Anobit's offices in Israel, purpose of location unknown
Reports are circulating that Apple CEO Tim Cook is headed to Herzliya, Israel early next week. While there is no official confirmation from Apple, the executive is said to be attending the opening of a new Apple office and research facility in the country, an area where Apple has had little corporate presence other than acquisitions in for some time.
Apple holds new record as first company to pass $700 billion
During Tim Cook's interview at an investor's conference today in San Francisco, Goldman Sachs President and COO Gary Cohn told Cook that his company, Apple, had become the first publicly-traded company to ever top $700 billion in market capitalization, and the stock also closed the day at a new record high of $122.02 per share. The peaks come just a under a week after the previous all-time high last Wednesday, following a record-shattering holiday quarter.
To be built just south of HQ, will supply enough power for 60,000 homes
At the Goldman Sachs Technology and the Internet conference in San Francisco on Tuesday, Apple CEO Tim Cook revealed that the company is planning to build its "biggest, boldest, and most ambitious project" in renewable power ever -- an $850 million solar farm to be built in Monterey county, which is expected to eventually provide enough power to run all of Apple's operations -- from the new HQ to retail stores -- in the state of California.
Apple CEO expected to reiterate previous statements on product pipeline
Apple CEO Tim Cook will again be a speaker at this afternoon's Goldman Sachs Technology and Internet Conference, taking place in San Francisco. Cook will be among numerous tech company speakers, including executives from Seagate, NetApp, SanDisk, AMD, ZenDesk, and Jive Software, among others. Cook will address the conference at 12:30PM PT (3:30PM ET) today, and the audio stream is being carried live by Apple on its investor web page.
President seeks to strike balance between security and privacy
The Office of the President has announced a forthcoming White House Summit on Cybersecurity and Consumer Protection that will take place on Friday, February 13 at Stanford University. President Obama and representatives from business, government, cyber security firms and other interested stakeholders will gather in the hopes of finding a balance between protecting America's interests from the growing threat of cyber-attacks, while still protecting citizen privacy. Apple CEO Tim Cook is among those who have been invited to speak.
Now taking two-thirds of mobile payments; cash grows despite payouts
If you are making a contactless mobile payment in the US based on a Visa, MasterCard or American Express account, odds are that you're doing it from an iPhone 6 model. During the conference call with analysts, Apple CEO Tim Cook revealed that the company's Apple Pay mobile payments system -- only in its fourth month -- now accounts for more than $2 of every $3 of money paid in that manner. In addition, CFO Luca Maestri updated analysts on the still-growing (but more slowly) cash stockpile Apple has, now at $178 billion.
Cites high customer satisfaction, enterprise opportunities among reasons
Apple's iPad tablet is continuing to see growing declines in sales, as noted in the most recent quarterly results. As expected, the iPad dropped 18 percent year-over-year in sales, though new models and the holiday season provided a substantial boost from the previous quarter. Although Apple only sold 21.4 million iPads this holiday season compared to 26 million last year, sales were up strongly from the previous quarter, leaping from September's 12.3 million iPads.
J. Crew Group CEO will retire from Apple's board after 16 years
In a new filing with the SEC, Apple revealed on Thursday that CEO Tim Cook has been able to double his total compensation from that of last year, with the increase based largely on performance bonuses based on how well the company has done over the last year. In addition to $1.75 million in salary, Cook reaped $6.7 million in non-equity incentive compensation for his work. In addition, Apple disclosed in the filing that board member Millard "Mickey" Drexler will retire.
Holiday season expected to give Apple another record-breaking quarter
Apple has announced that it will release the results of its fiscal first quarter of 2015 on Tuesday, January 27. An earnings call is scheduled for 2PM PT that day, or 5PM Eastern, but the company typically issues a press release about 30 minutes beforehand. Barring unexpected developments, the call should include commentary by CEO Tim Cook and CFO Luca Maestri as they respond to questions from analysts and investors, and is expected by most pundits to result in a record quarter for the company.
Links worth to stock performance
Apple's Tim Cook has been chosen as CNN Money's CEO of the Year for 2014. The site explains this is because "Apple is the apple of Wall Street's eye again;" the company's shares are noted to be up 40 percent this year, and close to an all-time peak. CNN in turn links that stock performance to the success of the iPhone 6 and 6 Plus, and "excitement" about the Apple Watch, due to ship early next year.
Williams tells Apple staff that company is improving labor conditions
In a new email memo to the company's UK workforce, Apple's Senior VP of Operations Jeff Williams claims that he and CEO Tim Cook were "deeply offended" by a BBC Panorama documentary exposing labor abuses in the company's supply chain. Specifically, Williams and Cook are said to have been "deeply offended by the suggestion that Apple would break a promise to the workers in our supply chain, or mislead our customers in any way;" Williams charges that "Panorama's report implied that Apple isn't improving working conditions. Let me tell you, nothing could be further from the truth."
Apple CEO looks to influence Southern politics
Apple CEO Tim Cook has made a "generous personal financial investment" in Project One America, an LGBT rights effort run by the Human Rights Campaign, according to an announcement. Project One is concentrated on securing marriage and nondiscrimination rights for LGBT people in Alabama, Arkansas, and Mississippi. HRC says it's interested in "tearing down misperceptions, and providing concrete protections for those who need it most." The organization also lauds Cook for being the first openly gay CEO of a Fortune 500 company, calling it a "clear and powerful message" about it being acceptable to be gay.
CEO announces company's promotions have raised over $100 million since 2006
In a memo to all employees, Apple CEO Tim Cook has announced that the recent (Product) RED campaign, which ran through app upgrade purchases, in-store items and online accessories during the run-up to World AIDS Day on December 1 raised over $20 million, which will be seeded to the Global Fund. The group fights HIV/AIDS, malaria and other health threats largely in Africa and other impoverished areas. Cook said that the promotion has thus pushed Apple's total contribution to over $100 million since 2006.
Executive loses equivalent Time title
Apple CEO Tim Cook has been selected as the Financial Times' Person of the Year. In granting him the title, the publication cites Apple's financial success and "dazzling new technology," as well as Cook's willingness to come out as gay in a Businessweek essay; he is the first openly gay CEO of a Fortune 500 firm. The Times also compliments Cook on hiring former Burberry CEO Angela Ahrendts to head retail, and this summer's acquisition of Beats for $3 billion.
'Productive' meeting ends with civil rights leader praising Apple CEO
On Monday, Apple CEO Tim Cook had a meeting with civil rights leader Rev. Jesse Jackson on what is described as a range of topics, including Apple's efforts to create more diversity both in its own workforce as well as generally throughout the tech industry. USA Today reports the talks as having been "productive," with Jackson praising Cook by saying that he was "impressed with [Cook] and the conversation ... he has a real vision for Apple, and he sees the value in inclusiveness."
Vladimir Putin, Taylor Swift among competition
Apple CEO Tim Cook is among eight finalists in the running for Time's 2014 Person of the Year, the magazine has announced. Cook was previously a candidate for the title in 2012, when Time lauded him for taking over from Apple co-founder Steve Jobs, who died in October 2011. In 2014, the CEO is being credited as the first openly gay CEO of a Fortune 500 company, and for overseeing the iPhone 6/6 Plus, Apple Pay, and still-unreleased Apple Watch -- all the while leading Apple to new revenue and stock highs.
Publicity expected to help bill progress, Apple offers '100 percent' support
An effort by the only openly-gay legislator in Alabama to make progress on an anti-discrimination bill got a boost on Wednesday -- after some initial confusion -- when Apple endorsed the effort by Representative Patricia Todd (D-Birmingham) to name the bill after CEO Tim Cook, who has championed equality and civil rights issues and recently identified himself as gay. Cook is said to be "honored" by the naming, which might allow the bill to progress after years of being stalled on the state house floor.
Administrators still working out how to best use tablets
The board for Pennsylvania's Steel Valley School District has voted to use a $291,791 donation from Apple CEO Tim Cook to buy iPads for district students, and train teachers on the technology, says the Pittsburgh Post-Gazette. The donation was announced in September in honor of Bill Campbell, a former member of Apple's board of directors. The cash was only accepted this week, however, and the iPads won't be formally deployed until the 2015-2016 school year.
Cook works to influence Republican's high-tech stance
Apple CEO Tim Cook's stay in DC on Tuesday involved meeting Utah Senator Orrin Hatch, the latter's office has confirmed. Hatch is the chairman of the Republican Party's High-Tech Task Force, and has been supporting a number of tech-related agendas. One of these involves addressing patent trolls -- patent-holding firms that make their income solely through licensing deals and lawsuits. Hatch backed a Senate patent reform effort this year, and may well bring the issue up again in 2015.
Apple CEO may still be in DC area, sources say
[Updated with Portland store revamp] As a part of the company's World AIDS Day promotions yesterday, Apple CEO Tim Cook made a surprise visit to the Georgetown Apple Store in Washington, DC. He posted photos of the event on Twitter, which also show him meeting with Deborah Dugan, the CEO of the Global Fund. In a tweet of her own, Dugan thanks Apple for feeding over $75 million to The Global Fund since 2006, through specially-branded accessories and iPods. Apple doesn't offer Product (RED)-branded Macs, iPhones, or iPads, though it did produce a one-off (RED) Mac Pro in 2013.
CEO 'knows what he's doing'
Apple CEO Tim Cook has claimed second place on Fortune's Businessperson of the Year list for 2014. In awarding the position, the publication says that it's "becoming increasingly clear that Tim Cook knows what he's doing" in the wake of losing Apple co-founder Steve Jobs in 2011. "The company's stock is at an all-time high. Booming sales of larger iPhones and renewed enthusiasm for Mac computers are making up for slowing growth in iPads. The coming Apple Watch and the already-released Apple Pay service show that Apple remains an innovator -- even under a CEO known more for operational prowess than product savvy," Fortune continues.
Spoke on Apple Pay-CurrentC 'skirmish,' Apple Watch, Carl Icahn
The Wall Street Journal has now released the full 34-minute interview given by Apple CEO Tim Cook on its web site. In the conversation, Cook discusses Apple products, not-yet-available Apple products like the Apple Watch, the thinking behind Apple Pay, and activist investor Carl Icahn, among other issues. While little that was genuinely new was revealed, Cook again shared his thinking on the interface of television and made some fresh comments on things competitors and allies are doing.
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."