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BUSINESS
April 4, 2013 | By Chris O'Brien
The estimated cost of Apple's new campus in Cupertino, Calif., has skyrocketed from $3 billion to $5 billion over the last two years, according to Bloomberg Businessweek. Apple Chief Executive Tim Cook had previously said the completion of the campus had been delayed from 2015 to 2016. The Bloomberg report , citing unnamed sources, said part of the reason for the delay was that Apple was working with its architect, Foster + Partners, to cut $1 billion off the cost. PHOTOS: 10 tech companies to watch in 2013   The huge cost overrun is due to many of the extravagant features that cofounder Steve Jobs wanted for the new headquarters.  These include ensuring no seam or gap be visible on the building, using an expensive maple wood for the interior, and using large, curved glass panels for the windows that would have to be made in Germany and shipped to California.
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BUSINESS
August 25, 2011 | By Walter Hamilton, Dawn Chmielewski and David Sarno, Los Angeles Times
Steve Jobs, the visionary co-founder of Apple Inc. and driving force behind a string of products that revolutionized the consumer-electronics industry, stepped down as chief executive but was named chairman of the board, the company said late Wednesday. His relinquishing of daily control had been widely anticipated since he took an extended medical leave earlier this year. Jobs, 56, had a liver transplant two years ago and underwent surgery for pancreatic cancer seven years ago. Photos: Steve Jobs and Apple's influence "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know," he wrote in a letter to the board Wednesday.
BUSINESS
October 5, 2013 | By Michael Hiltzik
An essential element of the Tim-Cook-Is-Not-Steve-Jobs meme is that its proponents have no idea about (1) who Steve Jobs was, and (2) how Apple performed under his leadership. An excellent example of the form is buried within Fred Vogelstein's article about Apple's iPhone appearing in this weekend's New York Times Magazine. Vogelstein commits a drive-by assault on Cook with this passage: "When Jobs died in October 2011, the prevailing question wasn't whether Tim Cook could succeed him, but whether  anyone  could.
BUSINESS
August 13, 2013 | By Chris O'Brien
Investor Carl Icahn announced Tuesday on Twitter that he had made a large investment in Apple Inc., calling the stock "undervalued. " The influential investor has become increasingly active in the tech sector in recent years. News that he has taken a stake in Apple predictably sent the stock soaring up $26.29, or 5.63%, to $ 493.65  in midday trading.   PHOTOS: Six things rich tech execs splurge on   Apple investors, who have endured a rough year as they watched the stock tumble from its all-time high last September, could barely contain their glee .  For the moment, Icahn said he is requesting that Apple Chief Executive Tim Cook and company officials pursue a bigger buyback of its stock to help raise the value.
BUSINESS
December 29, 2012 | By Salvador Rodriguez and Deborah Netburn
As 2012 comes to a close we take a look back at the biggest "oops" moments of the last year. Whether it was an advertising misstep (Facebook's "Chair" commercial), or a product released before it was ready (Apple Maps), or just an idea that was ill-received (homeless men as Wi-Fi hotspots), we tried to compose a list of the times when the major players lost control of the narrative.  It's also a reminder that everyone makes mistakes--even exacting tech companies.  1. Apple Maps fiasco How bad was it when Apple replaced Google Maps with its own mapping system on iOS 6?
BUSINESS
January 27, 2014 | By Chris O'Brien, This post has been updated with the latest developments.
Apple reported iPhone sales Monday that fell well short of analyst estimates as well as guidance for the next quarter that also was lower than expected, sending the stock falling more than 5% in after-hours trading.  Apple said it sold 51 million iPhones in the first quarter of its 2014 fiscal year, which ended Dec. 28. That was a new record, up from 47.8 million last holiday season. But sales fell short of analysts' expectations that the company would sell 55 million iPhones in the quarter.
BUSINESS
September 28, 2012 | By Michael Hiltzik
Is Apple losing its grip? Most people asking that question are referring to the maps app that comes bundled with iPhone 5. The app, which is Apple's attempt to wean its users off a superb map program created by its archrivals at Google, is a spectacular flop, the NFL replacement ref of the software world. It's so bad that Apple chief executive Tim Cook has issued a formal apology  for it. But when will Cook apologize for the disaster that is Lion upgrade 10.7.5? That's an upgrade to the operating system I installed, unwisely, on my iMac desktop, a superb performer on which I haven't lost 10 minutes of work since I acquired it in mid-2010.
BUSINESS
September 23, 2013 | By Salvador Rodriguez
Put down your friend's iPhone 5s. You have no idea what's been touching it. The latest Apple iPhone went on sale Friday and one of its signature highlights is a new fingerprint scanner built into the home button at the bottom of the device. The feature, called Touch ID, lets users quickly unlock their device while keeping others out. It can also be used to verify purchases. VIDEO CHAT: Unboxing the iPhone 5s But some Apple users are very strange and creative, and have quickly taken to YouTube and Twitter to confirm that users can scan and unlock the iPhone 5s using more than just fingerprints.
BUSINESS
October 28, 2013 | By Chris O'Brien
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion.  "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
BUSINESS
September 12, 2012 | By Salvador Rodriguez
Apple.com might be giving away some of Tim Cook's announcements planned for Wednesday, according to multiple reports. Nine to 5 Mac is saying that you can see some of what Apple has planned for its announcement Wednesday if you use the search function on the company's website. Among the secrets being divulged is the name of the next iPhone, which seems like it will be called the iPhone 5. Rumor roundup: The new iPhone If you go to this link , you can see various search results for the term "iPhone 5" that include a couple of URLs with the name in them.
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