Tim Cook addressed the Stanford University graduates last weekend with his usual motivational speech. Some of the things he spoke included the big tech companies and pointed out that Silicon Valley as big chaos and has caused many mistakes in the last few years. Read More
Apple CEO Tim Cook reportedly took private jets for personal and business travel in 2017 to ensure his own safety. Read More
In a ruling published on Tuesday, the Federal Antimonopoly Service (FAS) accused Apple of fixing prices of the iPhone 5s models, 5c, iPhone 6 and 6 Plus, and iPhone 6s and 6s Plus, when they went on sale in Russia. Following the same, Tim Cook’s firm could face a fine of up to 15 per cent of its sales in Russia. Read More
Apple’s new iPhone 8 and two other variants of the iPhone 7 will be featuring the much awaited wireless charging facility, as confirmed by an analyst. Wireless charging increases the internal temperature of smartphones, which will require the iPhone 8 with an OLED display and glass casing to have a new 3D Touch module with additional graphite sheet lamination to keep it from overheating.
The iPhone 8 is expected to arrive this fall. Read More
Apples leaves behind Samsung in the race for becoming the top smartphone manufacturer in the world. It has surpassed Samsung’s position for the first time in last 5 years and overthrown the company out of the race after reporting its record breaking quarterly sales. Apple today announced financial results for its fiscal 2017 first quarter ended December 31, 2016. The Company posted all-time record quarterly revenue of $78.4 billion and all-time record quarterly earnings per diluted share of $3.36. Read More
Apple has filed suit against the world’s biggest chip maker and supplier company, Qualcomm, and suing it for over $ 1 billion, for “charging royalties for technologies they have nothing to do with”. The suit follows the U.S. Federal Trade Commission’s lawsuit against Qualcomm earlier this week over unfair patent licensing practices.
The company said in its suit that Qualcomm should be paid royalties based on the value of its particular contribution, not for contributions from other patent holders. Currently, Qualcomm’s royalties are based off the selling price of a phone, rather than what portion Qualcomm’s technology enabled.
The Apple team is all set to meet the Indian Government officials next week to discuss and plan the setting up of the proposed production unit in Bangalore. They are flying down from the US to present the company’s case and to seek tax and revenue benefits from the government. Officials from various departments such as industry, revenue and information technology are expected to be present in the meeting that is to be held in New Delhi.
Apple is bound and determined to begin the assembly operations and hence full manufacture is set to begin by the end of next year. Read More
The disappointing performance of the iPhone 7 sales and the near death of the iPad are the reason behind the pay cut of the top executives associated with Apple, including company CEO Tim Cook who faced a reduction in his incentive based salary by almost $1.5 million. For the first time after 2009, Apple missed its revenue and profit goals in 2016 and the weak performance took a toll on its top executives’ pay.
Rumors of Apple’s car initiative began back in early 2015 when a report claimed that Apple had been speculating the effort for quite some time. Steve Jobs himself admitted to considering building a car in 2008, but put the plans on hold to focus on development of the iPhone. Over the course of a few months, however, it’s been more clear that Apple is indeed working on a car of some sorts.
In the wake of reports that Apple has shifted its focus towards developing self-driving automotive software, Apple the technical director of Porsche’s race car program earlier this year, hiring a project manager who helped engineer the sports car company’s victorious return to the Le Mans endurance race. Alexander Hitzinger is the latest auto specialist to be recruited by Apple as it explores building its own car.
Tim Cook recently spoke at the WSJDLive Tech Conference hosted by the Wall Street Journal. The full-length interview video is not yet available, but The Verge did a live blog of the entire event. Tim Cook said that Apple as a business today generates around $18 billion in annual revenue. All of Apple’s products and services make up for it. Read More