May 24, 2013
Re "Apple execs grilled over tax strategy," Business, May 22 Unbelievable, stunning, incredible that members of Congress have the audacity to bring the chief executive of one of the most successful companies this country has ever seen to grill him on Apple Inc.'s tax strategy (which, by the way, is perfectly legal) so they can try to wring more money out of him. Apple paid $6 billion in taxes last year; isn't that enough? Forcing Chief Executive Tim Cook to respond to legislators who have been on the public dole much of their lives and haven't done much in the way of intellectual innovation (or even fixing this country economically)
May 22, 2013 |
WASHINGTON - Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's controversial tax practices. A handful of heated exchanges erupted in the hearing Tuesday before the Senate Permanent Subcommittee on Investigations as lawmakers pressed Cook and two other Apple executives to explain how the company used its Irish subsidiaries to avoid paying billions of dollars in taxes.
September 11, 2007 |
Apple Inc. said it had sold its millionth iPhone, a few weeks ahead of schedule, reassuring investors who had worried that last week's price cut signaled weak demand for the phone. Apple's shares, which fell more than 9% last week after Wednesday's price cut announcement, rose $4.94 to $136.71. Cupertino, Calif.-based Apple cut the price of its first mobile phone to $399 from $599 and said it would sell 1 million units by the end of September.
August 8, 2008 |
Eight iPhone owners have joined an elite clan: Their gadget is running a program that cost nearly $1,000. When the iPhone first hit the market in June 2007, those who paid the $499 entry price -- and signed the two-year AT&T contract -- owned a status symbol. A year later, we have the iPhone 3G, Apple Inc.'s speedier, sleeker and, most important, less expensive smart phone, which introduced a section for downloading third-party applications.
September 23, 2013 |
SAN FRANCISCO - Has Apple Inc. regained its cool factor? The company announced in a news release Monday that it sold 9 million new iPhones over the weekend. That number blew past its previous records, trounced nearly all expectations on Wall Street and sent its stock soaring. Apple also confirmed that users were downloading iOS 7, the newer version of its mobile operating system released last week, at a record clip. For legions of Apple loyalists, the extraordinary results provided more evidence that the Cupertino, Calif., company's grip on consumers' imaginations and wallets remained as firm as ever.
December 22, 2013 |
Gaining access to an audience it has coveted for years, Apple Inc. said it has reached an agreement to sell the iPhone through China Mobile Ltd., the world's largest mobile phone carrier with 763 million subscribers. The deal, announced Sunday, is expected to help Apple reignite its sales growth, which has slowed over the last year. How successful Apple will be depends in part on how flexible it's willing to be with the pricing of the iPhone, which remains among the world's costliest smartphones.