During the company’s earnings call on Tuesday, Apple CEO Tim Cook revealed that Apple TV is “doing extremely well.” The Cupertino-based company sold a record 1.4 million units in the December quarter, though Cook says the product is still just a hobby. “We still classify this as a hobby, but we continue to add things to it,” he said. “I couldn’t live without it. We think it’s a fantastic product and we continue to pull strings and see where we can take it.” Cook also revealed that the company’s iCloud service now has 85 million users. “We’re thrilled with iCloud and the response from customers has been incredible,” he said. “It was a fundamental shift, recognizing that people had numerous devices and wanted their content in the cloud. 85 million customers in three months; It’s not a product, it’s a strategy for the next decade.”
Apple’s CEO Tim Cook sees no real threat from Amazon’s Kindle Fire tablet. On Apple’s earnings call on Tuesday, Cook dismissed the Kindle Fire and noted that the iPad’s share continued to gain market share even while numerous Android tablets entered the market. “We’ve seen several competitors come to market to try to compete with the iPad,” Cook explained. “Some had different form factors, different price points. And I think it’s reasonable to say that none of these have gained any traction thus far. And in fact, as all of those competitors were coming to market, our share actually went up, such that in the June quarter, according to IDC, we were responsible for three out of every four tablets sold.” Read on for more. More →
During the “Let’s Talk iPhone” keynote on Apple’s campus in Cupertino, California today, Apple updated the iPod nano with a new multitouch display. Building on a number of watchband accessories that were made available for the last-generation nano, Apple has also created 16 different clock faces on the media player. Users also do not need to purchase additional accessories to take advantage of the nano during workouts; it will automatically begin tracking your walk or run. The new nano is available now and Apple is stocking seven different colors. The 16GB model is priced at $129 and the 16GB mode is priced at $149.
We’re getting closer and closer. According to AllThingsD, Apple is currently planning to hold the company’s Fall event on October 4th. The report also notes that Apple CEO Tim Cook will be introducing the iPhone 5 most likely without Steve Jobs, though it’s certainly possible Jobs could attend. As far as availability: “Sources added that the plan is now to make the new device available for purchase within a few weeks after the announcement.” We’d suggest that Apple is just setting expectations a little too low and if we had to bet, we’d say that the iPhone 5 would be available within two weeks of the announcement, possibly even a week after. More →
Apple’s CEO Tim Cook has promoted iTunes vice president Eddy Cue to senior vice president of internet software and services on Thursday. The letter from Cook, which was sent to Apple employees and obtained by 9to5 Mac, reads as follows:
It is my pleasure to announce the promotion of Eddy Cue to Senior Vice President of Internet Software and Services. Eddy will report to me and will serve on Apple’s executive management team.
Eddy oversees Apple’s industry-leading content stores including the iTunes Store, the revolutionary App Store and the iBookstore, as well as iAd and Apple’s innovative iCloud services.
He is a 22-year Apple veteran and leads a large organization of amazing people. He played a major role in creating the Apple online store in 1998, the iTunes Music Store in 2003 and the App Store in 2008.
Apple is a company and culture unlike any other in the world and leaders like Eddy get that. Apple is in their blood. Eddy and the entire executive management team are dedicated to making the best products in the world that delight our customers and make our employees incredibly proud of what they do.
Please join me in congratulating Eddy on this significant and well-deserved promotion. I have worked with Eddy for many years and look forward to working with him even closer in the future.
Amid the flurry of news reports about Steve Jobs’s departure as CEO of Apple was one hidden gem: Apple is reportedly working on a new way to deliver video content to televisions. The Wall Street Journal noted that Tim Cook, who has stepped up as the new CEO of Apple, will need to work on boosting Apple’s presence in the digital video market. “Apple is working on a new technology to deliver video to televisions, and has been discussing whether to launch a subscription TV service,” the report said. It is still unclear what Apple’s new technology is, but in July we saw a unique patent for sharing media across iOS devices, which could very well be used with an Apple TV product. In addition, there have been rumors that Apple has considered purchasing the online streaming service Hulu, which could certainly help it kick-start a subscription TV platform.
Following Apple co-founder Steve Jobs’s resignation from his role as CEO, newly appointed chief executive Tim Cook has delivered his first message to Apple employees en masse. In a purported internal email obtained by Ars Technica, Cook stated that he is looking forward to the new challenges he will face as “CEO of the most innovative company in the world.” Cook also praises Jobs for having been an incredible leader and mentor, and assures Apple workers that the company will not change. ”I want you to be confident that Apple is not going to change,” Cook wrote to his 45,000 employees. “I cherish and celebrate Apple’s unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.” Cook’s full email to Apple employees follows below. More →
If a leader’s resignation from his or her CEO role at a company doesn’t have an impact on that company’s business, the leader was ineffective. As such, it seems odd to think analysts and pundits are spending time debating whether or not Apple founder Steve Jobs’s departure from his chief executive post will change Apple. The obvious answer, of course, is that Apple will remain largely unchanged in the near term — product roadmaps always extend for multiple years and Jobs will now sit at the head of Apple’s board — but over time the company will grow and evolve under now-CEO Tim Cook’s lead. After all, a company that does not grow and evolve is doomed to fail. And if there is one thing Apple is good at, it’s evolving. Read on for more. More →
Steve Jobs has officially resigned from his job as CEO of Apple, though he has been elected Chairman. Tim Cook, Apple’s long-time COO, who acted as CEO during Steve Jobs’ medical leaves will replace Jobs as CEO. Full press release from Apple after the break.
Developing… More →
RBC Capital analyst Mike Abramsky recently sat down in a meeting with Apple’s chief financial officer Peter Oppenheimer and chief operating officer Tim Cook to discuss a range of topics, from Apple’s patent battles to the possibility of a budget-priced iPhone. “Apple’s primary criterion for launching a lower-end iPhone is an innovative, category-killer experience,” Abramsky wrote in a recent note to investors. The execs said that the components sector is currently a “buyers market,” which means it has the upper hand when it comes to negotiating for parts. In addition, Abramsky said Apple is interested in settling a number of patent lawsuits against Android phone makers such as Samsung and HTC, in an effort to strike favorable agreements in countries like China that have less firm patent protection. We recently reported exclusively that Apple has plans to launch a $350 contract-free iPhone, which could very well be the iPhone 3GS. Apple is expected to unveil its next-generation iPhone in the coming months for a September or October launch.
Images of what could be a next generation iPhone headed to China Mobile have been re-published by Sohu.com. Is it the real deal? It might be. For one, it runs an unannounced baseband software (version 06.10.01), which could hint that Apple’s prepping support for China Mobile’s 3G TD-SCDMA network. Also, in June, a China Mobile employee said that the iPhone 5 would be arriving in September, and there have been reports of Apple’s COO Tim Cook sitting in meetings with China Mobile execs, which suggests that there’s definitely some relationship building going on. More →
A China Mobile employee allegedly revealed that the popular Chinese carrier will launch Apple’s fifth-generation iPhone this coming September, Ticonderoga Securities analyst Brian White wrote in a note to investors on Thursday. The news jibes with multiple earlier reports that Apple’s iPhone 5 is set to launch this September, though it may launch even sooner in the U.S. and other key markets. The news was first relayed by Chinese language website Bianews.com, which reported on Thursday that a China Mobile employee wrote that the carrier would launch the iPhone 5 in September in a post on Weibo.com, a micro-blogging service similar to Twitter. The post was subsequently deleted. Apple COO Tim Cook was recently seen attending meetings with China Mobile executives, and the tech giant’s next-generation iPhone could very well have been the topic of their conversations.
In a note to investors on Monday, Bernstein Research analyst Toni Sacconaghi said that Apple is looking to expand its smartphone market share by addressing the cost of its handsets. Apple doesn’t want its products to be “just for the rich,” Apple COO Tim Cook reportedly told Sacconaghi in a meeting, a possible indication that the company is looking to offer a less expensive iPhone option or even work with carriers to offer better rates. Cook is also said to have told the analyst that Apple will be doing “clever things” in the prepaid market. Cook noted that Apple will continue to focus on the tablet market as well, where it has seen huge success. Sacconaghi believes tablets could soon end up being a $60 billion to $100 billion business for Apple, whose iPad currently owns the majority of the tablet market. More →