TIM COOK

Tim Cook

Apple CEO Tim Cook Faces a $98 Billion Problem

Apple CEO Tim Cook has a problem, a $98 billion problem. Just 18 months ago, Apple's $46 billion mountain of cash, while huge by most standards, attracted only muted complaints from investors, who did call for a dividend or share buyback, but were mostly happy with the meteoric rise in the stock price.
More news
iCloud Integration

iCloud Boasts of 85 Million Users

Only about three months after Apple launched its iCloud service, it already boasts of over 85 million users, the company's Senior Vice President and Chief Financial Officer Peter Oppenheimer said during the Q1 2012 financial earning calls on Tuesday.
Matthew Kelly from Swansea reacts as he emerges from the Apple store with new iPhone 4S, in Covent Garden, London

Apple Earnings Thrill Street: 73 Pct Sales Growth, Profit More Than Doubles

The magic of Steve Jobs may be absent in his successor Tim Cook but Cook's leadership is working well in Apple. On Tuesday, the tech giant has announced that its net profit has more than doubled to $13.06 billion in the fiscal first quarter. The Holiday sale of 37 million units of iPhone and 15.4 million units of iPad sale were seen as the biggest contribution towards the outstanding profit in the holiday quarter. No wonder, iPhone and iPad account for 72% of Apple's total revenue.
Jonathan Ive

Apple Earnings: Did Jobs’s Roadmap Include U.S. Jobs?

While shares of Apple, the most valuable technology company, fell about 1 percent to $422.37 Tuesday ahead of its first-quarter earnings announcement, TechnoBuffalo editor Jon Rettinger warned the company is swimming in uncharted waters.
Apple's iBooks 2 for iPad has been downloaded 350,000 times in its first 3 days. There's a reason why users are downloading this app at such a high rate: The education industry has been needed this app for a long time.

Apple iBooks 2: Why Users Downloaded 350K in 3 Days

Apple's iBooks 2 for iPad has been downloaded 350,000 times in its first 3 days. There's a reason why users are downloading this app at such a high rate: The education industry has been needed this app for a long time.
An Apple logo is seen with its light switched off at an Apple store in Tokyo

How Apple Has Become a Tech Empire: A Sneak Peek

You may love it or hate it, but you cannot deny that Apple has become a technology empire. And, as the tech giant's market cap hovers around $400 billion and the company threatens to overtake Exxon-Mobil as the most valuable company in the world, everybody must be wondering about what really goes on in Apple, about the corporate culture of the world's most secretive company. Perhaps Adam Lashinsky holds the the answer.
An Apple logo is seen with its light switched off at an Apple store in Tokyo

Apple reveals supply chain, details conditions

Apple revealed its closely guarded list of global suppliers for the first time and vowed to deal with worker abuses, hoping to deflect criticism it was turning a blind eye to cases of poor working conditions in a mostly Asian supply chain.
IBTimes Logo

Apple reveals supply chain to silence labor critics

Apple revealed its closely guarded list of global suppliers for the first time and vowed to deal with worker abuses, hoping to deflect criticism it was turning a blind eye to cases of poor working conditions in a mostly Asian supply chain.
IBTimes Logo

Apple reveals suppliers in supply chain audit

Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a blind eye to dismal working conditions at partner factories.
IBTimes Logo

Apple audit shows some suppliers used child labor

Apple revealed its once closely guarded list of global suppliers on Friday, taking a dramatic and unprecedented step in response to harsh criticism that it was turning a blind eye to dismal working conditions at partner factories.
IBTimes Logo

Apple's Cook got rich stock award worth $376 million

Apple Inc CEO Tim Cook took in almost $1 million of cash compensation in 2011 but also received a million restricted shares that, when they vest in 2016 and 2021, could net the head of the world's largest consumer electronics firm hundreds of millions of dollars.
Tim Cook and Steve Jobs

Steve Jobs $1, Tim Cook $100 Million 'Silicon Valley Jackpot'

Apple's co-founder and former CEO, the charismatic Steve Jobs used to get $1 as annual salary while he was in office, but his successor seems to have have hit a jackpot altogether. From March 2012, Apple's current CEO Tim Cook is to get hold of a vesting of stock valued at nearly $100 million, according to a study reported by the Wall Street Journal. Out of this, $83 million worth of grant (at today's stock price) will be vested from March 24.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.