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Tim Cook likes to talk in religous tones about Apple's higher calling. Speaking at the Goldman Sachs Technology conference last month, Apple's CEO laid out his credo, noting that the only thing the company will never do is produce "a crappy product."
"That's the only religion that we have," Cook said. "We must do something bold, something ambitious, something great for the customers, and we sweat all of the details."
In the meantime, customers and investors are waiting for Apple to do something bold and ambitious again, and Cook is calling … Read more
Apple CEO Tim Cook is selling his time, and it's worth $50,000.
Cook is auctioning off a coffee meeting with himself at Apple's headquarters in Cupertino, Calif., to raise money for the Robert F. Kennedy Center for Justice and Human Rights. Nine bids have already been submitted on charity auction site Charitybuzz, with the current highest at $10,500.
Charitybuzz is calling the item a "power meeting" that lets a lucky winner "nab one-on-one access to one of the most powerful figures in tech and business." The meeting can run between 30 minutes … Read more
The new iMacs should have been announced in 2013 instead of last year, Apple CEO Tim Cook has admitted.
During Apple's second-quarter earnings conference call on Tuesday, Cook acknowledged that customers had to wait too long to receive their iMacs after the new models were announced last October.
"If we could run it over, frankly, I would have announced the iMac after the turn of the year," Cook said. "Because we felt our customers had to wait too long for that specific product."
Following the announcement of the two new iMacs, the 21.5-inch model finally became available on November 30 … Read more
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
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
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
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
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