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Apple CEO Tim Cook: Mobile payments still in their infancy

Apple doesn't seem ready to leap into the mobile payments arena, at least according to comments made Tuesday by CEO Tim Cook.

During Tuesday's conference call announcing fiscal second-quarter earnings, Cook responded to a question about mobile payments.

"I think it's in its infancy," the Apple CEO said. "I think it's just getting started. Just out of the starting block."

Reading between the lines, that likely means Apple has no plans to jump onto the mobile payments bandwagon, at least not at this point. Past rumors have continually suggested that the company … Read more

Apple: Newest victim of the law of large numbers

Give Tim Cook his due. The man could sweet talk the spots off a leopard and the big cat would be left feeling awfully proud about his suddenly spanking new coat of gold.

So it was that following Apple's second-quarter earnings report on Tuesday Cook came across in the company's conference call with analysts as a CEO without a care in the world. He was "confident." He was "pleased."And of course, he was "excited."

He also was spinning Apple's performance for all it was worth.

"We do want to … Read more

Cook promises 'amazing' Apple products in the fall

Apple CEO Tim Cook said Tuesday that the company will announce some new products this fall but wouldn't offer any specifics.

"Our teams are hard at work on some amazing new hardware, software and services that we can't wait to introduce this fall and throughout 2014," he said during the company's earnings call Tuesday afternoon. But apparently, he can wait.

When asked by an analyst if this meant Apple won't release any other new products until fall, Cook wouldn't dish.

"I don't want to be more specific, but I'm just … Read more

Apple admits to middle age truth: It's finally slowing down

By any measure, Apple's supercharged 2012 is making this year pretty tough. So much so that CEO Tim Cook in effect cautioned Wall Street analysts against making comparisons.

"Fiscal 2012 results were incredibly strong, and that's making it difficult," Cook said on Apple's second-quarter earnings conference call, rattling off all that made last year so good: high growth, high demand, fatter gross margins, and historically low costs for components.

And yet that's what investors do: They make comparisons to prior years and make a bet on the stock based on what the future looks … Read more

Apple and Wall Street religions are out of sync

After climbing to more than $700 eight months ago, Apple's shares continued their steep decline on Wednesday. After falling below $400 for the first time since 2011, the shares closed at $402.80, down $23.44, or 5.5 percent.

This has been a slow-motion stock rout as many Wall Streeters have soured on Apple, reducing forecasts for the company while adopting a decidedly negative opinion about its future prospects. The trigger for today's sell-off was Cirrus Logic, which supplies analog and audio chips to Apple. The company issued a disappointing quarterly forecast, which got interpreted as a … Read more

Apple's senior execs dominate top 5 best-paid

When it comes to compensation, these days it's good to be one of Apple's top executives.

During Apple's 2012 fiscal year, four of its executives landed in the top five for highest compensation at a Standard & Poor's 500 company. But the folks that made it into that list might surprise you.

According to Bloomberg BusinessWeek, which collected compensation data from some of the world's top executives, Apple senior vice president of technologies, Bob Mansfield; CFO Peter Oppenheimer; general counsel Bruce Sewell; and operations chief Jeff Williams all made it into the top five for … Read more

Egg spinner scrambles your breakfast in the shell

Isn't it tedious to crack open your morning eggs, beat them, and then scramble them? It's messy and taxing enough to make your life look like a bad infomercial GIF.

Fortunately you can now scramble eggs in their shell, and it doesn't involve spinning them in a shirt or plastic tubes like those tricks on YouTube.

A company called Hikari Tec Hong Kong recently showed off an egg-spinning machine that helps scramble the whites and yolks without breaking the shell. Once spun enough, and after some boiling, the contents of the egg come out of the shell as a semisolid, creamy pudding. Check out the demo below. … Read more

The 404 1,247: Where we hop in the ball pit with Emily Dreyfuss (podcast)

Leaked from today's 404 episode:

- Hi-fi reviews based purely on the feel of the knob .

- Which celebrities can you pay to message on Facebook?

- Can you bully a celebrity? Short answer: no.

- How the hell do you pronounce GIF anyway?

- Follow Emily Dreyfuss on Twitter.… Read more

Apple patent envisions wireless charging on convertible laptop

Despite Apple CEO Tim Cook having knocked the idea of a convertible MacBook-iPad hybrid device, the company has filed a patent application for just that. The proposed patent, titled "Wireless display for electronic devices," was published by the U.S. Patent and Trademark Office today.

The application describes a computer display that is removable from its base -- basically a convertible laptop. But, what's different about this idea from other convertibles made by other companies is that it has wireless display technology. That means the device could be charged wirelessly.

Here's how Apple describes it in … Read more

Apple CEO apologizes to China over warranties, offers fixes

Following weeks of scrutiny over its warranty policies in China, Apple now says it has improved services in the region.

That message came from the top, in an apology note from Apple CEO Tim Cook, posted in Chinese on Apple's Chinese site today.

In it, Cook apologized for a lack of communication on the matter, and said that the company is implementing improvements in three areas of its warranty policy and related services.

Those changes:

A new repair policy for the iPhone 4 and 4S that provides a new phone exchange or new parts replacement for a year after … Read more