Thursday, April 18

Tag: Tim Cook

First Time Apple Cuts Tim Cook’s Payment
News

First Time Apple Cuts Tim Cook’s Payment

iPhone maker Apple has cut its CEO Tim Cook's salary by a whopping 15 percent for 2016 as annual sales declined for the year, missing targets that also led to the tech giant's first annual revenue decline in 15 years. The company gave the 56-year-old USD 8.75 million in total compensation last year, down from the USD 10.28 million he received in 2015, according to a Securities and Exchange (SEC) filing released yesterday. Cook's salary rose to USD 3 million from USD 2 million last year, a 50 percent increase, his cash bonus took a hit. Apple awarded Cook and other executives 89.5 percent of their target, instead of the maximum amount like in recent years. Hence, Cook's cash bonus fell to USD 5.4 million in 2016, down from USD 8 million the year before and declining for the firs...
Apple Looking to Invest $1 Billion in SoftBank Tech Fund
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Apple Looking to Invest $1 Billion in SoftBank Tech Fund

Apple Inc has held talks to invest up to USD 1 billion in a new USD 100 billion tech fund being set up by Japan's SoftBank Group Corp, a source familiar with the matter told Reuters. SoftBank is investing at least USD 25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund (PIF) for an investment that could go up to USD 45 billion. SoftBank has said it plans to make future large-scale investments via the tech fund, rather than on its own. Some of SoftBank's moves have caused concern among analysts, as the firm wrestles with a 13.7 trillion-yen (USD 119 billion) debt pile. SoftBank and Apple were not immediately available for comment. Through the investment, Apple would hope to gain insight on emerging technologies, the Journal said, adding that the...
Apple Gears Up For Technology Integration With Cisco
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Apple Gears Up For Technology Integration With Cisco

Technology giant Apple is working on plans to facilitate integration of Ciscos Spark business collaboration service with iPhones in an effort to offer enterprise customers a better calling experience over Internet. Apple chief Tim Cook has said the company is making iOS devices to work better on Cisco technologies than any other mobile platform. "With iOS 10, we are making it easier to make and receive voice and video calls over IP(Internet Protocol). Now, Cisco Spark will integrate with iPhone for first-class calling experience. Its a seamless integration," Cook said in a video message at the Cisco Live Conference. Last year, Cisco had forged a strategic partnership with Apple, under which it optimised its network for iOS devices and apps, integrating iPhones with its solutions and ...
China Apprehensive of Tim Cook’s Plans For India: Chinese Media
CHINA

China Apprehensive of Tim Cook’s Plans For India: Chinese Media

As Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said. "It seems the time has come for China to consider whether it is ready for the possible exodus of Apple Inc's production chain," an article in Global Times said, referring to Cook's comments during his India tour. Cook had discussed with Prime Minister Narendra Modi the "possibilities of manufacturing". "Cook shared Apple Inc's future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an offic...
Apples Cook Meets PM Modi, Concluded a Four Day Trip to India
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Apples Cook Meets PM Modi, Concluded a Four Day Trip to India

On last day of his maiden trip to India, Apple CEO met PM Modi on Saturday. Showing interest in making Apple products in India, the global technology giants chief Tim Cook discussed with Prime Minister Narendra Modi the "possibilities of manufacturing" and tapping the young talent pool in the country. On his maiden visit to India, the Apple CEO also discussed with Modi issues regarding cyber-security and data encryption. "Cook shared Apple Incs future plans for India. He spoke of the possibilities of manufacturing and retailing in India. He appreciated the breadth of young talent in India and said the youth have significant skills which Apple would like to tap," an official statement said. The head of the US-based Apple, which makes iconic iPhones and Mac computers, has al...
Cook Inaugurates Apple Maps Development Office in Hyderabad
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Cook Inaugurates Apple Maps Development Office in Hyderabad

Apple Inc today announced the opening of a new office here that will focus on development of Maps for its products including iPhone, iPad, Mac and Apple Watch. The Californian tech giant said in a statement that this investment will accelerate Maps development and create up to 4,000 jobs. The company, however, did not disclose the quantum of investment that it intends to invest on the facility. "We are thrilled to open this new office in Hyderabad which will focus on Maps development," Cook said. "The talent here in the local area is incredible and we are looking forward to expanding our relationships and introducing more universities and partners to our platforms as we scale our operations," he said. Apple has been continually updating and adding new features to Maps includ...
Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity
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Apple Announced D&D Accelerator Center in Bengaluru, Zomato Founder said Excellent Opportunity

Tech giant Apple on Wednesday announced a new initiative to support engineering talent and accelerate growth in India's iOS developer community. Apple CEO Tim Cook, who landed in India late on Tuesday said the company would establish a Design and Development Accelerator in Bengaluru, the home of India's startup scene. Tens of thousands of developers in India make apps for iOS, the world's most powerful mobile operating system and the foundation for iPhone, iPad and iPod touch. This initiative will provide additional, specialised support for them. Apple's team will work to inspire and instruct developers on best practices, help them hone their skills and transform the design, quality and performance of their apps on the iOS platform. "India is home to one of the most vibrant and e...
Apple Raises One Billion Funding From Warren Buffett Led Company Berkshire Hathaway
FUNDING

Apple Raises One Billion Funding From Warren Buffett Led Company Berkshire Hathaway

Warren Buffett's Berkshire Hathaway Inc revealed a more than $1 billion stake in Apple Inc, a rare foray into the technology sector that the billionaire has largely shunned, apart from a poorly performing investment in IBM. Shares of Apple got a boost from the Berkshire imprimatur, rising more than 3 percent on Monday. Berkshire made its investment in the first quarter, before the iPhone maker in April reported its first quarterly revenue decline in 13 years. In a regulatory filing detailing most of its stock holdings, Berkshire said it held 9.81 million Apple shares worth $1.07 billion as of March 31. The value has since fallen into the low $900 million range. Berkshire's largest technology bet has been Buffett's $12 billion stake in International Business Machines Corp. Apple...
Apple Music hits 6.5 million paid users: Tim Cook
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Apple Music hits 6.5 million paid users: Tim Cook

Reuters- Apple Inc's new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said on Monday.   Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. That gives it more than 15 million users in total, which Cook described as a successful debut. "I'm really happy about it, and I think the runway here is really good," Cook said. Released in June, Apple Music is the company's attempt to carry its dominance of digital music through its iTunes store into the era of music streaming pioneered by Spotify and others. Apple is allowing users to test its service with ...