Samsung Electronics stands to be a beneficiary of production problems in China due to the coronavirus outbreak. Apple on Monday warned…
Tag: Tim Cook
Wedbush analysts remain bullish on Apple despite warning
Wedbush analysts Daniel Ives and Strecker Backe remain bullish on Apple’s “5G supercycle thesis” despite the revenue warning issued by the company…
Analysts see short-term hit from Apple coronavirus warning
Apple shares fell on Tuesday, after the company said the coronavirus outbreak would cause it to miss its guidance range this quarter. The warning was…
Apple CEO Cook coronavirus memo to staff sees ‘slower return to normal’
Apple CEO Tim Cook on Tuesday issued a memo to company staff that discusses the 2019-nCoV coronavirus. Apple will be doubling the company’s donation…
China sees fall in coronavirus deaths
China is seeing the first fall in coronavirus deaths as the country reported its fewest new infections of the 2019-nCoV coronavirus since January…
Apple warns on quarterly guidance due to coronavirus impact
Apple has issued a statement warning that the company will miss their quarterly guidance given on January 28th with last month’s earning report…
Apple needs to pay employees for time spent checking their bags
The California Supreme Court has ruled that Apple must pay retail store staff for the time they spend waiting for their personal bags to be checked…
Court rules Apple owes store staffers millions for off-the-clock bag checks
The Apple Store violated California law when it failed to pay employees for time they spend waiting for mandatory bag checks at the end of their shifts…
Jim Cramer: I’m going to make another 10-year bet on Apple, they’re that good
Jim Cramer spotlighted why he advises investors to own Apple stock for the long term, not trade it: “I’m going to make another 10-year bet.”
Apple’s unstoppable wearables: Apple Watch and AirPods
Apple’s wearables division looks unstoppable. For Apple’s Q120 (holiday 2019 forth quarter), wearables set a new all-time record…
Analyst: Apple Retail Store closures in China pose ‘containable’ risk
Wedbush analyst Daniel Ives says, the Apple Retail Store closures in China likely won’t cause the loss of significant sales…
U.S. stock futures look to rebound as China seeks to curb virus impact
As China took steps to relieve pressure on its economy from the impact of the 2019-nCoV coronavirus, U.S. stock index futures climbed on Monday…
All Apple Stores closed in mainland China due to coronavirus outbreak
On Saturday, Apple said, all Apple Stores and corporate offices are closed in mainland China until February 9th, as fears over the coronavirus outbreak…
Apple’s budget-friendly ‘iPhone SE 2’ reportedly now in trial production
According to supply-chain sources, Apple is already in trial production of a new budget-friendly “iPhone SE 2.” Mass production set to begin shortly…
Stocks hit hard by rising coronavirus cases, which near 10,000
Stocks are being hit hard by concerns over rising coronavirus cases. The escalating spread of the coronavirus rattled global markets…
Governments ‘moving fast’ to rewrite international tax rules
After talks this week in Paris, the OECD said on Friday that nearly 140 governments have agreed to launch a rewrite of decades-old international tax rules…
Apple reduces massive bill for back taxes the EU claims it must pay Ireland
According to regulatory filings, Apple reduced a massive back tax bill it must pay Ireland after other governments claimed a slice of the payment last year…
Kuo: New Apple products ‘iPhone SE 2,’ Apple Tags, wireless charging mat, and more coming in first half
Analyst Ming-Chi Kuo today mentions several new Apple products that are expected to arrive in the first half of 2020. The lineup includes the iPhone SE 2…
Apple is working to mitigate the impact of China coronavirus
Apple is working to mitigate the impact of China coronavirus which is negatively impacting retail traffic, shutting stores, and prompting Apple to limit…
Apple closes store, restricts employee travel due to China coronavirus
Apple CEO Tim Cook said today that the company is restricting travel and have closed one store in China amid the Wuhan coronavirus outbreak…
MacDailyNews presents live notes from Apple’s Q120 conference call
MacDailyNews presents live notes from Apple’s Q120 Conference Call with analysts starting at 5pm ET today. The company posted record quarterly revenue…
Wall Street tumbles amid Wuhan virus fears
Wall Street’s main indexes fell more than 1% on Monday as investors worried about the economic fallout of the Wuhan virus outbreak…
Wuhan coronavirus fears hit stocks hard
As U.S. investors evaluate weekend news regarding China’s coronavirus outbreak, tech stocks are among those that have been hit hard by coronavirus fears …
Apple CEO Cook: Apple will donate to support Wuhan coronavirus aid
Apple CEO Tim Cook has pledged the company will donate to help support all of those affected by the Wuhan coronavirus. Apple will be donating…
U.S. presidential candidates’ positions on breaking up Big Tech
In the preamble to the U.S. 2020 presidential election, many Democratic White House contenders have argued in favor of either breaking up or tightening…
President Trump to meet with Apple’s Cook and other CEOs in Davos
At the annual meeting of the World Economic Forum in Davos, President Donald Trump on Wednesday will attend a breakfast meeting with Apple CEO Tim Cook …
Apple killed iCloud encryption after FBI complained
After the FBI complained that the move would harm investigations, Apple killed iCloud encryption that would have allowed users to fully encrypt backups…
Apple CEO Tim Cook: Global corporate tax system must be overhauled
In Ireland on Monday, Apple CEO Tim Cook backed changes to the global corporate tax system, agreeing with the general consensus…
Apple CEO Tim Cook has had a remarkable run
Throughout Tim Cook’s tenure as Apple CEO, critics have lamented his lack of “the vision thing,” casting doubt on his ability to launch breakthrough products…
Hostile to customers and in thrall to China, Apple doesn’t deserve a pass
Monopolists are endlessly inventing ways of extracting rents from their customers and suppliers. In fact, the saying works even outside the free-for-data model of Facebook and Google…
U.S.-China ‘Phase 1’ trade deal removes threat of iPhone tariffs
As part of the U.S.-China ‘Phase 1’ trade deal to be signed today by President Trump and China’s Vice Premier Liu He, China has promised to provide more protection for the intellectual property of American companies and will also stop requiring U.S. companies to share their technology in exchange for doing business in China. Scott […]
Apple CEO Tim Cook to receive award from Ireland’s Prime Minister
Ireland’s decision to present Apple with an award may raise some eyebrows. Although it’s one of the country’s biggest employers…
Golden Globes host Ricky Gervais roasts Apple in CEO Tim Cook’s face
During last night’s Golden Globe Awards, in which the Apple TV+ series The Morning Show had three nominations…
Apple CEO Tim Cook’s total compensation dropped to $125 million for 2019
All in, Cook’s salary, bonus and vesting compensation for the year declined by 8% from $136 million in 2018…
Apple’s 2020 Annual Meeting of Shareholders scheduled for February 26th
Apple will host the 2020 Annual Meeting of Shareholders at the Steve Jobs Theater in Cupertino on February 26, 2020…
Don’t be surprised to see investors start musing on a potential eventual successor to Apple CEO Tim Cook
If Barron’s gave out a Stock of the Year award, we’d have to hand it directly to Apple…
Tim Cook donates $2 million to unnamed charity
According to a U.S. Securities and Exchange Commission filing on Thursday, Cook conducted the transaction on December 27th…
Tim Cook says Seiko Advance is why the Midnight Green iPhone 11 Pro exists
Wwhen Apple CEO Tim Cook spent three days in Japan in early December…
Apple to donate money to support Australian fire fighting efforts
For the last two months, bushfires have been burning across Australia due to one of the worst droughts in history…
How Apple’s push to rule the smartphone industry has made Apple Store employees feel like robots
In recent years, Apple Retail Store employees have started to feel like the culture and spirit of the Apple Store has deviated…
Mossberg: Tim Cook’s Apple had a great decade, but no new blockbusters
In the past decade, Apple has grown huge. Its fiscal 2019 revenues were six times the size of revenues in fiscal 2009….
Apple continues to lead buybacks brigade, spending $17.6 billion in Q319
Over the five-year period Apple’s spent $247.8 billion on share repurchases, more than the market value of Home Depot…
