Tim Cook

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Tim Cook Makes Controversial Move About a TV Show

Media columnist Ben Smith writes that he killed a show about an old nemesis, Gawker

(Newser) - Media columnist Ben Smith of the New York Times tends to break news in his weekly column, and the latest is no exception. Smith writes that Apple CEO Tim Cook personally killed a prospective show about the now-defunct Gawker Media that was in the works for Apple TV Plus. The...

Apple Does What No US Company Has Done Before

It's the first publicly traded American company to hit a $2T market cap

(Newser) - Just before 11am ET on Wednesday, Apple's share price hit $467.77—and propelled the company into the record books. Based on its share count and that price, Apple became the first publicly traded US company to hit a $2 trillion market cap. The feat comes just a hair...

Tim Cook Enters the 'Three-Comma Club'

Apple's CEO has just become a billionaire

(Newser) - Don't think of Tim Cook as obscenely rich? Well, he is Apple's CEO, and he's now in the billionaire's club. That's according to a Bloomberg News analysis of his compensation and years of Apple stock awards that pay out gradually. His 847,969 shares (about...

'Emperors of the New Economy' Grilled at Antitrust Hearing

'Simply put, they have too much power'

(Newser) - The CEOs of Amazon, Apple, Facebook, and Google were sworn in remotely Wednesday for a historic antitrust hearing before House lawmakers. Rep. David Cicilline, chairman of the House Judiciary antitrust subcommittee, used his opening statement to accuse the tech giants of damaging the economy through excessive dominance, the New York ...

Big Tech CEOs Head to Congress for Historic Hearing

Apple, Amazon, Facebook, Google on the defense over rising power

(Newser) - Chief executives of Facebook, Google, Apple, and Amazon are set to testify remotely before Congress on Wednesday as part of a hearing focusing on the size and power of the world's leading tech companies, following a yearlong investigation by the House judiciary’s antitrust subcommittee. Facebook CEO Mark Zuckerberg...

Reflecting on Pain, Apple Adds to Donations

Other companies announce gifts to battle inequality

(Newser) - Apple will be donating money to combat discrimination, CEO Tim Cook said, but that's just the start. "We have to reexamine our own views and actions in light of a pain that is deeply felt but too often ignored," Cook wrote in a memo to employees after...

Apple Responds to Guy Who Rang Tim Cook's Doorbell

Rakesh 'Rocky' Sharma slapped with restraining order

(Newser) - Apple has secured a temporary restraining order against a man said to be harassing CEO Tim Cook. In one incident described in court documents first spotted by Dave Gershgorn at OneZero, Rakesh "Rocky" Sharma allegedly snuck past a closed gate at Cook's home in Palo Alto, Calif., after...

Changes at Apple Opened Door to Ive's Departure

Cook's shift in focus left design chief frustrated

(Newser) - Apple announced the upcoming departure of design chief Jony Ive last week, but this was a separation that had been in the works for some time. Ive withdrew from the company's leadership over a period of several years as CEO Tim Cook emphasized business operations over product design, the...

Apple Makes Rare Move: It Cancels a Product

Wireless charger AirPower is being scrapped

(Newser) - Anyone hoping to get their hands on Apple's much-ballyhood AirPower wireless charger is out of luck. The company says the product is scrapped, not merely postponed, reports TechCrunch . The AirPower, announced in 2017, was supposed to be able to charge an iPhone, an Apple Watch, and AirPods on a...

Trump: Here's Why I Said 'Tim Apple'

He blames 'Fake News' for negative coverage

(Newser) - President Trump is doubling down and insisting that he did not, in fact, screw up the name of Apple CEO Tim Cook at a White House function. You can start by watching the original remarks here . On Twitter Monday, Trump provided an explanation of why he said "Tim Apple"...

Tim Cook Changes Twitter Name to 'Tim Apple'

He turns Trump mix-up into reality

(Newser) - Tim Cook evidently saw the funny side after President Trump got his name wrong during a White House meeting Wednesday. "We appreciate it very much, Tim Apple," the president said after thanking the Apple CEO for investing in the US. On Thursday, Cook made the flub reality by...

Trump Takes Flak From Usually Supportive Outlets

Fox's Lou Dobbs says White House has 'lost its way,' while Drudge plays up a negative story

(Newser) - President Trump has lost the support of one prominent figure on the right in Ann Coulter . Now Axios notes that he's getting some pushback from two other usually supportive voices: Lou Dobbs and Matt Drudge. On his Fox show Wednesday, Dobbs said he feared that the White House has...

Zuckerberg to 'Frenemy' Tim Cook: You're 'Extremely Glib'

Says Apple CEO's remarks aren't 'aligned with the truth' after he slams Facebook's 'monetized' users

(Newser) - "Has Facebook become too big to manage, and too dangerous when it fails?" muses Vox co-founder Ezra Klein in introducing an interview released Monday with Facebook chief Mark Zuckerberg. And one of the topics in that chat makes Zuckerberg bristle: a recent slam by Apple CEO Tim Cook, described...

iPhone Slowdown Will Soon Be Optional

But Tim Cook doesn't recommend you disable it

(Newser) - Apple has somewhat good news for users of older, slower iPhones who don't want to go out and buy a new battery. Tim Cook tells ABC News that a new iOS update—expected in early February, per the Verge —will allow iPhone users to disable Apple's deliberate...

Apple Reverses CEO's Pay Cut

Tim Cook gets massive bonus for exceeding sales targets

(Newser) - The pay cut that CEO Tim Cook and other Apple execs received after a rare slump in sales last year has been reversed—and then some. According to a Wednesday filing with the Securities and Exchange Commission, a cash bonus for exceeding the board's sales and profit targets boosted...

Preorders In for iPhone X, but There's Already Controversy

Rumored production issues and too much hype regarding demand are the buzz right now

(Newser) - The iPhone X will officially ship on Nov. 3, but those vying for Apple's latest smartphone were able to try to preorder on Friday—and the first available batches sold out in mere minutes. CNET reports only a few models were left after just 10 minutes of opening the...

Apple's New Watch Goes on Sale With a Glitch

Its touted new feature, cellular connectivity, doesn't work very well

(Newser) - Talk about a PR mess: Apple's new smartwatch goes on sale Friday in stores as the company scrambles to fix a glitch with its biggest new feature, reports the Wall Street Journal . The $399 Apple Watch Series 3 with LTE is supposed to allow users to connect to cellular...

Tim Cook Memo: 'I Disagree With the President'

Apple CEO denounces 'hate and bigotry' in response to Charlottesville

(Newser) - The backlash against President Trump's inflammatory remarks on Charlottesville continues, including two White House business councils being shuttered after members started defecting. The latest voice to enter the mix: Apple CEO Tim Cook, who Wednesday sent a memo to employees decrying "hate and bigotry" in general, and Trump'...

4 Execs Make 9 Figures

Elon Musk isn't far behind

(Newser) - Elon Musk didn't pull in nine figures in 2016—but as the fifth top-earning executive of the year, he was awfully close. Here are the five top-earning business executives of 2016, with their total salary, according to Bloomberg :

Apple Plans to 'Give Back' in Form of $1B Fund

It will be used to create domestic manufacturing jobs

(Newser) - Apple, long criticized for making its products overseas, is planning to give American manufacturing a major boost, CEO Tim Cook says. Cook told Jim Cramer, host of CNBC 's Mad Money, Wednesday that the company is starting a $1 billion fund to help create advanced manufacturing jobs in the...

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