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
In his interview with Charlie Rose, Tim Cook spoke about something that Apple generally doesn’t speak on media platforms. According to John Gruber, Apple avoids discussions or statements on product development process as it doesn’t want the competition to know about Apple’s development cycle. But Tim Cook did speak about the time taken for the development of Apple Watch as he said, “We had an intense team working on this for three years”. Read More
The world’s most innovative company’s co-founder Steve Jobs passed away three years ago due to respiratory arrest related to pancreatic cancer. He was just 55 years old at the time of his death. Since the death anniversary falls on Sunday and some of the employees won’t be at work, Tim Cook sent out an email to Apple employees before the weekend. In the mail, Tim Cook shared some of his thoughts on Jobs’ undying influence on Apple’s products. Read More
This October The Wall Street Journal will host a technology conference WSJDLive which will be attended by many top executives, including Apple CEO Tim Cook. WSJDLive will start on 27th October and will continue until 29th October at Montage in Laguna Beach, CA. Former Wall Street employees, Walt Mossberg and Kara Swisher, in the past hosted the ‘D conference’. WSJDLive seems to be a continuation of the D conference, as Mossberg and Swisher left to form a new company recode.net which hosts technology conference called ‘Code Conference’. The last code conference was held in May and was attended by Apple executives besides many other company executives. Read More
“Security and privacy are fundamental to the design of all our hardware, software, and services, including iCloud and new services like Apple Pay,” Cook writes in the letter. Read More
In the second part of a two part–interview of Apple CEO Tim Cook by Charlie Rose, Cook spoke about Apple, its values and privacy. Cook talks about Apple’s policy regarding the privacy of user data; he understands the fact that people “have a right to privacy.” According to him, Apple just picks up a very small set of data from users and almost all of it is encrypted. Read More
During today’s earnings call Tim Cook said Apple nearly has 800 million iTunes accounts which, according to him is “staggering”. In the last quarter the purchases on iTunes was around $5.2B compared to last quarter that was only $4.7B and which is also 24% more than the spend for the same quarter in the last year. It is even more exciting for Apple is most accounts have credit cards linked to the account as reported by Venturebeat. Read More