Editor’s Pick “I am not an unfair person,” Apple CEO Tim Cook told lawmakers yesterday. “Apple is not an unfair company.”
The head of the Irish agency designed to promote foreign investment in the country strongly denied that Ireland is a tax haven. But when questioned by Ireland’s RTE News, he could not deny that Apple has paid an effective tax rate of just two percent, much as Senator Carl Levin said yesterday in hearings on Capitol Hill.
How much would you donate to charity to have a private pitch meeting with your favorite venture capitalist?
“Eighty percent of the world’s purchasing power lies beyond our borders,” Portman said. “But we’re living with an international tax code that’s a relic of the 1960s.”
“Apple has real operations in real places with Apple employees,” Cook said. “We pay all the taxes we owe, every single dollar. We don’t only comply with the letter of the law, but the spirit of the law. We don’t stash money on some Caribbean island.”
What time is it — about five months before fall, 2013? Then it must be time for testing iWatch.
“Apple has not ‘conspired’ with anyone, was not aware of any alleged ‘conspiracy’ by others, and never fixed prices,” the company stated in a reply to the suit.
Sometimes there is method to the Cupertino madness.
Apparently, coffee with Apple CEO Tim Cook is a big deal. Even bigger, perhaps, than a new 2013 Lamborghini.
That fits both with Apple CEO Tim Cook’s announcement during the company’s recent earnings call that Apple would not bring out any new products until the fall, and with recent rampant rumors of new iPhone models.
Sharp, Japan Display, and Samsung rival LG Electronics are tooling up for Apple iPhone 5S production runs which will begin in earnest in June, according to a report out of Japan.
There’s a reason the rich get richer, and wealthy corporations get wealthier. They’re smarter than the rest of us, and they have more financial tools at their disposal.
In a global smartphone market that Android has been expanding at a breakneck pace, a bright spot for Apple has been increasing market share in the lucrative U.S. domestic market. A new report from the Yankee Group says that’s going to continue, and that Apple is winning the slow way, via customer loyalty.
The proceeds of the auction will benefit the RFK Center for Justice and Human Rights. Other notables and celebrities who are auctioning off experiences for the RFK Center include Elon Musk, Peyton Manning, Alec Baldwin, and Jay Leno.
Apple CEO Tim Cook is auctioning off a coffee date with him that will last up to an hour via CharityBuzz, a company that asks notable people to auction their time off for a good cause.
The first part of Tim Cook’s answer was exactly what Wall Street wanted to hear. The second part, not so much.
Apple’s doing well in China, Apple CEO Tim Cook said today on the company’s earnings call, growing at 18 percent on a “sell-through basis,” he said.
“We’ve accomplished a tremendous amount,” Tim Cook said today in his Apple earnings conference call, adding that the company has “set many sales records.”
Apple investors did not get the shot in the arm they were hoping for this afternoon as the company released its second quarter numbers. At least, not from Apple’s actual sales results.
Apple plans to return an additional $50 billion of its cash hoard to shareholders in a massive share repurchasing program, the company said today.
Apple reported its second quarter 2013 results today, with revenue of $43.6 billion and income of $10.09 per share. Analysts had expected revenue of $42.5 billion and income of $10 billion. Apple’s guidance had been between $41 and $43 billion.
Interestingly, the articles acknowledge a political tinge to the recent spanking Apple has been taking in China, saying that Chinese networking and mobile companies Huawei and ZTE “have long been restricted in the US markets under security and other accusations.”
The major Chinese complaint is that Apple’s warranties on computers run for one year, while Chinese law states they should be at least two years.
The good news: Mark Zuckerberg is almost universally loved by his employes. The bad news: Marissa Mayer didn’t make the cut.
Investor Warren Buffet, recently the world’s richest man, seems to think that Apple stock is going to do just fine.
Purpose of the call? To tell investors why each Apple shareholder should get perpetual preferred stock, for free.
First the iPad Mini, then the iPhone mini? It makes some sense linguistically, but it could also make some sense financially.
Since December of last year, Google stock is up 20 percent. Since December of last year, Apple stock is down 20 percent.
With 88 percent of Apple’s supply chain in Asia, only 11 percent of Apple’s suppliers are in its home country of the United States, and even fewer — seven percent — of Apple’s suppliers are in Europe and the Middle East.
Ready for some hard-core speculation built solidly on rumor founded squarely on innuendo?
Guest Post Why I think Apple’s infinite loop is turning gradually finite.
President Barack Obama’s state of the union address focused on innovation, jobs, education, health-care … and green technology.
“I’m very proud that we’re out front, that we’re changing people’s lives, that we’re doing what’s right and just in moving the ball forward,” Cook said today. “I don’t mean to gush, but it’s how I feel.”
“If I ever feel I’m dropping down from an excitement level, I go in a store … it’s like a Prozak,” Cook said. “It’s a feeling like no other.”
Apple CEO Tim Cook poured cold water on the cheap iPhone rumors today at Goldman Sachs’ Technology and Internet conference in San Francisco. Sort of.
Speaking at Goldman Sachs’ Technology and Internet conference in San Francisco, Apple CEO Tim Cook said his company was the “center of innovation.”
The Apple CEO has a lot to say to investors. His company’s stock has been ravaged by Wall Street in the past year, causing the company’s valuation to drop over $200 billion in the last half-year.
Apple chief executive Tim Cook has a busy day ahead of him on Tuesday.
As Steve Jobs went “thermo-nuclear” on clones, Tim Cook wanted to cool it.
It’s been an interesting day. Apple reported record revenue of $54.5 billion and record quarterly profit of $13.1 billion, then saw its share price drop 10 percent.