Last month it was discovered that the popular social network Path was uploading entire address books — including email addresses, names and phone numbers — to its external servers. Path’s actions were a direct violation of Apple’s terms of agreement, and the Cupertino-based company was apparently not happy. Bloomberg’s BusinessWeek reported on Thursday that Path co-founder Dave Morin was hauled into Apple’s headquarters and grilled by CEO Tim Cook and other executives on the matter. Apple remained silent as other developers were called out for stealing users’ contact data, but the company finally issued a statement claiming that “any app wishing to access contact data will require explicit user approval in a future software release.” More →
During the company’s annual shareholders meeting on Thursday, CEO Tim Cook acknowledged that Apple has more money “than we need to run a company.” Apple’s board is currently engaged in “active discussions” about what to do with the $100 billion in cash it has on hand, hinting at the possibility of a dividend. “The board and management team are thinking about this very deeply,” Cook said. A dividend returns a portion of the company’s profit to shareholders, and the last time Apple paid one was in 1995 prior to the return of Steve Jobs. Investors have pushed the company to again pay a dividend, hoping it will boost Apple’s stock price by bringing in a new breed of investors, reports Bloomberg. “You can be assured we are working as hard as ever this year to deliver an incredible year and some products that will blow your mind,” Tim Cook also noted during the meeting. Apple is expected to release a new iPad next month, an HDTV this summer and a redesigned iPhone this fall. More →
Apple deviated from its standard closed-door approach to unveiling new software earlier this week and gave a number of media outlets early access to an upcoming version of its OS X operating system for Macs. Apple’s OS X 10.8 Mountain Lion will launch this summer, featuring a wide range of enhancements that will see Apple’s desktop platform look and behave more like its mobile platform. Executives from the Cupertino, California-based technology giant even met with reporters personally to demonstrate the new software, perhaps in an effort to help foster the same type of enthusiasm for OS X that iOS enjoys. During one such meeting with The Wall Street Journal, Apple CEO Tim Cook shed some light on the PC industry from Apple’s point of view. Read on for more. More →
Apple chief executive Tim cook is scheduled to speak at Goldman Sachs’s annual Technology and Internet Conference on Tuesday, and Apple is streaming the CEO’s presentation live on its site. Cook has spoken at the conference numerous times in the past and while more exciting announcements are scheduled to take place a few weeks from now, the executive will likely cover a number of interesting topics while discussing his company — the most valuable company in the world — and the state of technology. Cook is scheduled to take the stage at 3:30 p.m. Eastern, 12:30 p.m. Pacific and Apple’s live broadcast can be found via the read link below. More →
The New York Times recently published an article discussing the unsafe working conditions in the factories Apple employs to build its products. It’s no secret that several factories belonging to Apple’s ODM partners have harsh working conditions; there are rumors of anti-suicide pledges that Foxconn workers have to sign, and safety is obviously a concern following multiple preventable explosions at Foxconn plants. While much has reportedly been done to improve working conditions at these plants, Apple CEO Tim Cook recently assured his employees that the Cupertino-based company does care about the workers in each of those factories. Read on for more. More →
Apple CEO Tim Cook reportedly said during an Apple Town Hall meeting on Wednesday that Apple employees will receive a generous discount on Apple products in return for their hard work. Employees typically receive a 25% discount off of hardware, but they will soon be able to purchase a new Mac computer at a $500 discount or an iPad with a $250 discount, 9to5Mac reported. Employees must have worked with the company for a minimum of 30 days and can only take advantage of the deal once every three years, and they should be able to take advantage of the new deals beginning this June. More →
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 →