During today’s Goldman Sach’s Technology and Internet Conference, Tim Cook was asked whether there’s something in Apple’s culture or business model that turns it against large acquisitions.
Some analysts speculated that Apple might be interested in buying Dell or Nokia, but Apple never decided to buy either company and has instead focused on buying smaller companies. Tim Cook says that Apple isn’t against buying big companies, but none of them have passed Apple’s tests.
Speaking at today’s Goldman Sachs Tech Conference, Apple CEO Tim Cook was asked a series of questions about the recent controversies involving Greenlight Capital’s David Einhorn, who believes Apple wants to eliminate preferred stock and is suing the company over it.
Cook’s answers were candid, saying that the issue was widely misunderstood, and that he viewed the lawsuit as a “silly sideshow” that wasted the money of investors.
Apple CEO Tim Cook’s remarks at Goldman Sachs Technology and Internet Conference have just started. This is the second time Tim Cook has spoken at the Conference, and last year a number of interesting remarks emerged.
We’ll be live blogging Cook’s most interesting comments, but if you want to hear the whole thing as it is broadcast, you can hear it here.
Apple CEO Tim Cook will be rubbing shoulders with the Obama family at the U.S. State of the Union address on Tuesday, February 12th. First Lady Michelle Obama has invited Cook to sit in her box while President Barack Obama gives his speech.
The Nike Fuelband was one of my favorite gadgets last year. It tracks all your movement to help you stay in shape. It syncs everything with your iPhone. Plus, it looks pretty freaking cool.
Nike Fuelband is part of the wave of futuristic wearable fitness devices. In a couple of years we’ll all have something like it, but for now, the Nike Fuelband only syncs with your computer or iPhone. There’s no Android app, and according to Nike, you shouldn’t hold your breath waiting for one.
It’s not often that Tim Cook speaks at a non-Apple event, but for the second year in a row, Tim is heading to New York City to speak at the Goldman Sachs Technology and Internet conference.
Last year, Apple’s CEO Tim Cook presented at the Goldman Sachs tech conference where he spoke about working conditions in China, why Apple TV is just a hobby, the popularity of the iPad, and much more.
Path, the mobile social network that first launched on the iPhone in November 2010, has agreed to settle Federal Trade Commission charges that it deceived its users by collecting personal information from their address books without their knowledge or consent. The settlement requires the company to establish a comprehensive privacy program and to have independent privacy assessments carried out every other year.
The company has also been fined $800,000 for illegally collecting personal information from children without their parents’ consent.
You should probably check if your cash is still in your wallet… ’cause according to Apple’s recent earnings call, they just made all the money. We put some perspective on just how huge Apple’s Q1 cash hoard was on our all-new CultCast, then expertly deconstruct Tim Cook’s cryptic words about new and unannounced products.
But wait, there’s more! From iOS 7, to bigger-screen iPhones, to our favorite Mac apps, we answer your Facebook questions in our newest segment, CultCast Q&A.
Get a fun weekly dose of all things Apple! Subscribe to The CultCast now on iTunes, or easily stream new and previous episodes via Apple’s free Podcasts App.
Apple stock opened at $457.70 this morning, down more than 10%, following its financial results on Wednesday. The Cupertino company announced $13.1 billion profit for the first quarter of 2013, a slight increase over the $13.06 billion it posted for the first quarter of 2012. But despite that increase, it’s clear Apple’s phenomenal growth has hit a stumbling block.
Apple just posted one of their most successful financial quarters ever. A bunch of records were broken for iPad sales, iPhone sales, net revenue, and net profit.
Sorting through the pile of information and numbers Tim Cook and Peter Oppenheimer just gave us can make your head spin, so we’ve broken it down for you. Here are the most important numbers you need to know from today’s earnings call:
2 million Apple TVs were bought in the last quarter, up 60% since this time last year.
During Apple’s earnings call today, Piper Jaffray’s Gene Munster asked Tim Cook about future Apple TV plans yet again. Munster has been beating the Apple HDTV drum for years now, and Tim Cook has been skirting questions for just as long. Something is definitely brewing.
During Apple’s Q1 2013 earnings call, CEO Tim Cook addressed recent reports regarding iPhone order supply cuts overseas. Publications like The Wall Street Journal recently claimed that Apple has significantly slowed iPhone production, causing rampant speculation that demand has been weakening. Apple’s stock has slid since the rumors started picking up steam earlier this month.
Today Cook threw cold water on the idea of Apple cutting its own orders.
Apple co-founder and former CEO Steve Jobs threatened Palm CEO Edward Colligan with patent litigation if he did not agree to stop poaching Apple employees, according to a court filing that was made public on Tuesday.
Confidential emails between the pair, along with documents from Adobe and Google, have surfaced in a civil lawsuit that claims a number of major companies in Silicon Valley violated antitrust rules by entering into agreements not to recruit each other’s employees. Five employees are now fighting for class action status and damages for lost wages as a result of the “no-hire” agreements.
The shipping delay for the 21.5-inch iMac increased today to 2-3 weeks on the U.S. Apple Online Store. Prior to this, the new all-in-one was shipping in 7-10 days, and that had been the case since early December. Now new customers will have to wait until at least mid-February for their machine to turn up at their door.
Apple CEO Tim Cook must provide a deposition in a lawsuit that claims the Cupertino company, along with other major firms in Silicon Valley, violated antitrust rules by entering into an agreement not to recruit each other’s employees. Apple’s lawyer, George Riley, had objected to the order handed out by U.S. District Judge Lucy Koh in San Jose, California, on Thursday.
Even though Apple’s headquartered in Cupertino, they’ve got operations all across the globe, and we don’t mean just retail stores. There have been rumors that Apple is opening up an R&D center in Israel, but according to a new rumor, that’s not the only place they’re considering.
Tim Cook recently talked to the mayor of Beijing, Wang Ashun, about the possibility of Apple opening an R&D center in Beijing.
Although Apple has already combined blockchain and retail for some time now to maintain a smooth flow of their entire process and also keep track of everything, they must now overhaul its supply chain in a bid to make its iPhone cheaper and meet the demand of low-cost smartphones in emerging markets, according to former CEO John Sculley. The Cupertino company has enjoyed plenty of success with the device in the United States and Europe, but Sculley feels that going forward, Apple will need to depend on growth in emerging markets, where the handset’s premium price tag just won’t work.
Tim Cook is on his second visit to China as Apple CEO this week, and during an interview with local reporters on Thursday, he confirmed that the cellular version of the iPad mini will be arriving in the nation in late January. The Wi-Fi only model arriving in China on December 7, just over a month after it launched in the United States.
Digitimes has today published one of its more questionable rumors regarding Apple’s upcoming low-cost iPhone. Citing sources in the Cupertino company’s supply chain, it claims the cheaper device — believed to be called the “iPhone mini” by one analyst — will make its debut later this year, aimed at China and other emerging markets.
But it won’t be smaller to cut costs. Instead it’ll boast a larger screen to meet the “prevailing trend for the adoption of 5-inch displays.”
Tim Cook has kicked off 2013 with a second visit to China. The Apple CEO met with Miao Wei, head of the Ministry of Industry and Information Technology, to discuss the development of China’s information technology industry, mobile communications, and Apple’s expansion in China.
The Cupertino company has doubled its number of retail outlets in the nation, and its iOS devices are becoming increasingly popular there. Cook’s last visit to China came in March 2010 before he pledged “greater investment” in the world’s largest market for consumer technology.
Back from the holidays, Apple has just filed a preliminary proxy statement with the SEC today in preparation for its annual shareholder meeting in 2013. It’s filled with a lot of insight into the inner workings of our favorite company, and while the biggest news is probably Tim Cook’s remuneration for 2012, there are also other interesting tidbits, including Apple’s resistance to the idea of the appointment of a Board Committe on Human Rights, and the fact that Scott Forstall’s departure lead to a pay raise for the rest of Apple’s executive team.
On this week’s CultCast, we’re ending the year with our favorite gear! Don’t miss our “End of Days, Faves ‘N Raves,” where pitch our favorite apps, accessories, games, even shows, of 2012.
But before that, we’ll break down the whole Instagram debacle for you, and tell you why you should be paying attention to the big I’s plans for your personal pics.
All that and Tim Cook, person of the year?
Join us, friends! Subscribe to The CultCast now on iTunes, or easily stream new and previous episodes via Apple’s free Podcasts App.
Show notes ahead!
Apple’s much-anticipated television set has entered its initial testing phase at Hon Hai Precision Industry, a company source has revealed. It’s expected to feature a display between 46 inches and 55 inches in size, and shipments are likely to be “huge.” Don’t expect to have one in your living room anytime soon, however; it doesn’t look like it’s going to get its grand unveiling during 2013.
Filling Steve Jobs’ shoes is not an easy task, but Tim Cook has done an incredible job leading Apple in 2012. There were some big bumps in the road but Tim navigated past them with great poise and as a result he’s one of eight frontrunners to be named TIME’s Person of the Year.
Since 1927, Time magazine has given out the Person of the Year award to the person that most influenced the world – whether for good or evil. Steve Jobs was nominated a few times but never received the award.
Along with Tim Cook, the list of eight nominees includes the following people:
I hope it looks like this. Apple has begun testing high-resolution television set designs with manufacturing partners in Asia, according to a new report from The Wall Street Journal that cites unnamed sources within Foxconn. Both Foxconn and display manufacturer Sharp are said to be involved in the process, which is still in its early stages.