Latest in Tim Cook

Apple on Thursday committed $100 million to what CEO Tim Cook called “the unfinished work of racial justice and equality.” YouTube announced a $100 investment today as well to amplify black voices, and Sony Pictures unveiled the Sony Pictures Action initiative. They are the latest media, entertainment and tech…

In an open letter titled “Speaking Up on Racism,” Apple CEO Tim Cook said it was vital to confront “the everyday experience of deeply rooted discrimination.” The tech exec did not identify a specific dollar amount, but said the company is “donating to organizations including the Equal Justice Initiative, which…

Apple executives cited the recently launched Apple TV+ as a positive contributor to the tech giant’s record services revenue of $13.3 billion in the first quarter. CEO Tim Cook also took note of special co-ordination with A-list talent during the COVID-19 pandemic. “We worked with everyone from Oprah to Lady Gaga to…

UPDATED with Bezos donation: Amazon’s Jeff Bezos has committed to donate $100 million and Oprah Winfrey $1 million to support those facing food insecurity due to the COVID-19 pandemic. Bezos’ donation to Feeding America is the largest single gift in the charity’s history. “Even in ordinary times, food insecurity in…

Apple is closing all its retail stores outside Greater China as the global corporation responds to the coronavirus crisis. The closure will last until March 27 and hourly workers will continue to be paid. Apple CEO made the declaration on Apple’s website. The corporation has 500 retail stories worldwide. Apple today…

Apple CEO Tim Cook saw his annual compensation fall 26% to $11.56 million for 2019, the tech giant reported Friday, in a year the company launched its foray into streaming with Apple TV+ and its valuation surpassed $1 trillion. According to an SEC proxy filing this afternoon, Cook’s salary remained unchanged for a…

UPDATED with closing stock price. There was no ribbon-cutting or fireworks display. No rang the opening bell of the stock exchange. Instead, Apple did what Apple does in rolling out Apple TV+, the company’s long-awaited, multi-billion-dollar bet on original streaming programming. The service went live quietly and…

Despite flagging revenue from its flagship device, the iPhone, growth in Services and Wearables helped Apple beat Wall Street estimates for its fiscal fourth quarter. Adjusted earnings per share of $3.03 in the period ending September 30 eclipsed the consensus forecast by analysts for $2.84. Total revenue reached $64…

New York’s Lincoln Center has lately turned into a high-profile backdrop for the streaming wars. Last month, Netflix stormed the bastion of high culture during the New York Film Festival. On Monday night, Apple took over Lincoln Center’s vast plaza for the world premiere of The Morning Show, which producer and star Jen…

UPDATED with closing stock price. Apple stock hit a new all-time high Friday amid U.S.-China trade optimism, a day after a leaked memo from CEO Tim Cook explained his decision to remove an app from the App Store after complaints from China. Shares in the tech giant closed at $236.21, up nearly 3% for the day, after…

UPDATED with closing price. Apple’s $4.99-a-month entry into the streaming derby “won’t drive profits” but “will eventually lead to an Amazon Prime-like bundle” and also help its product ecosystem, in the view of Wall Street firm Macquarie Research. UBS said the price is “lower than most expectations, undercuts all…

Apple finally released details for its forthcoming streaming service, Apple TV+, setting a launch date of November 1 and an introductory price of $4.99 per month. The service will roll out its first original series at launch and then add more originals every month, CEO Tim Cook said during the company’s product event…