Tim Cook

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Apple: iPhone 6, 6 Plus Sales Break Record

Company claims 10 million units sold over 3 days

(Newser) - Apple says it sold more than 10 million iPhone 6 and 6 Plus models, a record for a new model, in the three days after the phones went on sale. A year ago, Apple Inc. said it had sold 9 million of the then-new iPhone 5C and 5S models. The...

U2 Gives Away Surprise New Album

'Songs of Innocence' available for download on iTunes

(Newser) - Bigger iPhones and a high-tech watch were ostensibly the stars of yesterday's much-hyped Apple event, but a few other luminaries showed up to grace the stage in Cupertino, Calif. U2 made a surprise appearance and unexpectedly announced that a) it has a new album out, and b) all 500...

Apple Unveils Its First Watch

Tim Cook also announces bigger iPhones

(Newser) - Apple unveiled its latest gadgets today, and a long-rumored Apple Watch is indeed among them. (It's not an "iWatch," though, just Apple Watch.) The device will start at $349 and be available early next year. (That's about $100 higher than the competition, notes the Wall ...

Longtime Arch-Rivals Apple, IBM Join Forces

Landmark deal will create 100 IOS business apps

(Newser) - Former arch-rivals Apple and IBM have gone in different directions since they were fiercely competing for customers in the 1980s and they're now planning to share their strengths. The two tech giants have announced a partnership to work together on more than 100 business apps designed for Apple's...

Apple Unveils New Operating Systems

HealthKit, HomeKit, and Family Sharing among the changes

(Newser) - Apple fans, dig in: Company CEO Tim Cook today unveiled the new iOS 8 and OS X operating systems at Apple's annual Worldwide Developers Conference in San Francisco. The software won't be out until fall, but behold a few highlights, beginning with iOS 8:
  • A HealthKit app is
...

Is Apple Trying to Buy Tesla?
 Is Apple Trying 
 to Buy Tesla? 
Feb 17, 2014 12:55 PM CST

Is Apple Trying to Buy Tesla?

'Chronicle' thinks Apple wants to buy, but others aren't so sure

(Newser) - Apple might just be shopping for a certain electric car company, suggests the San Francisco Chronicle . It reports that Tesla's Elon Musk held a secret meeting last year with the Apple executive in charge of mergers and acquisitions and "probably" CEO Tim Cook. Industry analysts have been floating...

Apple Sitting on Extraordinary Pile of Cash

As in, it holds 10% of all corporate cash out there

(Newser) - Apple CEO Tim Cook had dinner with billionaire investor Carl Icahn last night, and Icahn gave him an earful: He says he "pushed hard" for a $150 billion buyback for shareholders, reports Bloomberg . And as a new Moody's analysis shows, the company is sitting on an enormous cash...

Icahn Drives Apple Stock 5% With a Single Tweet

Now Carl Icahn is pushing for a $150 billion buyback

(Newser) - "We currently have a large position in APPLE," activist investor Carl Icahn tweeted yesterday. "We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come." That was enough to send Apple stocks soaring up 5%, closing yesterday at $489.57. But...

Apple Applies for 'iWatch' Trademark

Application was submitted June 3 in Japan

(Newser) - Rumors about an "iWatch" have been floating for a while now , and Apple applied for a "smartwatch" patent in February. Today, even more confirmation that the device is coming: Apple applied for an "iWatch" trademark in Japan, a patent official tells Reuters . The trademark application was submitted...

Sorry, Foxconn: Apple's Dating Other Manufacturers

Foxconn's getting expensive as it improves labor conditions

(Newser) - Apple isn't exactly breaking up with Foxconn, its longtime controversial manufacturing partner. But after seeing the production glitches that plagued the iPhone 5, it's decided to have an open relationship. Tim Cook has been shifting more and more work from Foxconn to the relatively obscure Pegatron Corp, the...

Cook: New Apple Game-Changers Are on Deck

He hints at a move into wearable electronics

(Newser) - Apple hasn't been having such a great year but CEO Tim Cook says the company will continue to come up with new innovations—in the field of consumer electronics, not tax-dodging . Speaking at the All Things Digital conference, Cook says Apple will release "several more game-changers" and signaled...

Apple Case Cinches It: We Need Tax Reform Now
Apple Case Clinches It:
We Need Tax Reform Now
OPINION
May 22, 2013 1:52 PM CDT

Apple Case Clinches It: We Need Tax Reform Now

Don't blame the company, blame the tax code, say critics

(Newser) - So what can we take away from Apple chief Tim Cook's testimony on Capitol Hill yesterday about the company's byzantine tax strategy ? Not that Apple did anything illegal, only that it's savvy enough to employ "smart accountants and tax lawyers," says the editorial board...

Apple's 'Offshore' Billions? They're in Manhattan

Has $102B in 'overseas' profits right here, and the IRS can't touch it

(Newser) - Tim Cook went before the Senate yesterday, answering accusations that Apple is keeping billions from the IRS' clutches by holding it in overseas subsidiaries. Only that money isn't actually overseas, the New York Times reports—its $102 billion in offshore profits is managed by a subsidiary based in Nevada...

Apple CEO on Tax Shelters: 'I'm Not an Unfair Person'

Defends practices, company's contributions to US economy

(Newser) - Tim Cook is on Capitol Hill today to answer criticism that Apple uses overly creative—but legal—accounting practices to avoid paying billions in taxes . The highlights amount to Cook defending the company's practices, while critics such as Carl Levin and John McCain accuse it of shirking its tax...

Winning Bid for Coffee With Tim Cook: $610K

Apple CEO will spend up to an hour with lucky bidder

(Newser) - Someone just paid $610,000 to have coffee with Tim Cook sometime in the next year. A charity auction for up to one hour with the Apple CEO closed yesterday, and the winning bid was quite a bit higher than Charitybuzz's suggested value of $50,000, NPR reports. The...

Cup of Coffee With Tim Cook: Just $180K

Charity site auctions chance to chat with Apple CEO

(Newser) - Would you spend $180,000 for a half-hour with Tim Cook? If so, you're not alone: That's how high the auction price stands for coffee with the Apple CEO. The site charitybuzz is auctioning off the coffee date of 30- to 60-minutes to benefit the RFK Center for...

Apple Giving $100B to Shareholders

Profit falls 18% but beats analysts' estimates

(Newser) - Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. The news came as the company released its fiscal second-quarter earnings after the stock market closed. Results beat analysts' estimates, though Apple posted its first...

Is Apple Going to Ax Cook?

 Is Apple Going to Ax Cook? 
Rumor Mill
Apr 22, 2013 10:44 AM CDT

Is Apple Going to Ax Cook?

Rumor has it CEO's days are numbered; is that a good thing?

(Newser) - Are Tim Cook's days at Apple numbered? The gadget giant is secretly headhunting for a new CEO, anonymous "Wall Street sources" tell Gene Marcial at Forbes , though Marcial cautions that there's "yet no available evidence" to back the claim up. Even if the rumor is false,...

Apple to China Consumers: Sorry if We're 'Arrogant'

Tim Cook apologizes despite signs criticism was all hoopla

(Newser) - Apple issued an apology to Chinese consumers today after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement Apple posted in Chinese on its website today said the complaints had prompted "deep reflection" and persuaded the company of the...

Employees Say the Top CEO in America Is ...

Mark Zuckerberg wins poll, tying with SAP's co-CEOs

(Newser) - Mark Zuckerberg may not be able to keep his investors happy , but those inside Facebook still love him. Zuckerberg just topped Glassdoor's latest list of the 50 highest-rated CEOs in the country, with a 99% approval rating from Facebook employees, reports PC Mag . Not surprisingly, Facebook employees also voted...

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