October 5, 2013 |
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.
September 12, 2012 |
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.
April 23, 2013 |
Apple's stock is on a tear following the electronics giant's announcement it would buy back $60 billion in stock and boost its dividend 15% to $3.05 a share. The huge buyback plan and dividend increase eclipsed a somewhat disappointing second-quarter earnings report in which profit dipped for the first time in a decade. The company also forecast that its earnings in the current quarter would be lower. Apple shares are up more than $20 to $426.79 in after-hours trading. The stock closed at $406.13, up $7.64, in regular trading.
October 30, 2012 |
SAN FRANCISCO - In the biggest management shake-up since Tim Cook took the helm, Apple has ousted two top executives blamed for a pair of embarrassing missteps. Apple Inc. said Scott Forstall, its longtime executive and a protege of co-founder Steve Jobs, was leaving the company. As head of the mobile software division, Forstall oversaw the iOS operating system that runs the best-selling iPhone and iPad that together account for the bulk of Apple's sales. But the 15-year Apple veteran also was responsible for one of the company's highest-profile gaffes: replacing Google Inc.'s maps with Apple's own faulty mapping software.
June 25, 2012 |
Losing your company $2 billion apparently causes investors to respect you less, according to a recent survey conducted by Barron's. After an investment group within JPMorgan was found to have lost $2 billion in trading, the bank's listing on Barron's annual survey dropped to 49th this year from 14th last year. After the loss, JPMorgan's chief executive apologized for the risky trading before a congressional committee. Apple again took the top spot, even after its leadership changed when Steve Jobs died last fall.
April 2, 2012 |
One analyst is predicting that Apple stock will hit $1,001 in the next 12 months. Some people might call that number crazy, but Brian White, an analyst with Topeka Capital Markets who authored a report released Monday called "Apple Fever has More to Run," said if anything the valuation might be too conservative. "All we're doing is putting a 17 multiple on the earnings for 2013 and then adding back $103.66 cash," he said. "I think it's a conservative number. For most of its history Apple's growth rate was 86% a year.
October 6, 2011 |
Apple co-founder Steve Jobs' death sparked an outpouring of sentiment and statements from fellow chief executives and other major figures in Silicon Valley, government and the entertainment industry. IN TECHNOLOGY: Steve Wozniak, Apple co-founder , reached at dinner with his son, said he was so overwhelmed by calls that he could not get in touch with his emotions: "People sometimes have goals in life. Steve Jobs exceeded every goal he ever set for himself. " Tim Cook, Apple chief executive and Jobs' successor , in an email to employees: "Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.… We will honor his memory by dedicating ourselves to continuing the work he loved so much.
December 17, 2012 |
Another day, another few billion dollars of Apple's market cap bounced around like a ping-pong ball by the stock market. After flirting with the $500 barrier early in trading on Monday, the stock rebounded and was up 0.48% to $ 512.25 in mid-day trading. The gut-wrenching ride seemed to be driven by the usual mixed bag of data points. PHOTO TIMELINE: Apple, from Foxconn uprising to a Mini roll-out It's become almost routine, as I wrote over the weekend in a story that tried to explain the extraordinary economic impact and volatility of Apple's stock . But there was a related question that people discussed in the reporting of that story that I didn't include: Is there anything Apple could do to reduce the volatility of its stock?
February 13, 2014 |
Apple released its annual supplier responsibility report Thursday, drawing praise from Greenpeace for steps the company has taken to reduce use of conflict minerals in its products. "Apple's increased transparency about its suppliers is becoming a hallmark of Tim Cook's leadership at the company," said Greenpeace Energy Campaigner Tom Dowdall in a statement. "Apple has flexed its muscles in the past to push suppliers to remove hazardous substances from products and provide more renewable energy for data centers, and it is proving the same model can work to reduce the use of conflict minerals.
July 24, 2012 |
Here's one aspect of Steve Jobs' legacy that Tim Cook, his successor at the helm of Apple, must be hating Wednesday: the company's reputation for lowballing its sales and profit estimates. The company found itself in the odd position of reporting better results than it had projected -- and, more objectively, higher quarterly sales and profits than the year before -- yet having its stock hammered in after-hours trading. Why? Because analysts had predicted much higher sales and profits, and thus were surprised and disappointed.