Tag: apple ceo tim cook

Apple CEO Tim Cook to increase spending on suppliers in Vietnam during his visit- Details
15Apr By adminNo Comments
Technology

Apple CEO Tim Cook to increase spending on suppliers in Vietnam during his visit- Details

[ad_1] Apple Inc. Chief Executive Officer Tim Cook will announce the company is increasing its commitments to Vietnam by an unspecified amount during his visit to Hanoi.Apple will raise spending on suppliers in Vietnam in addition to supporting a local school clean water initiative, the company said in a statement. Apple has spent nearly 400 trillion dong ($16 billion) in the country since 2019 through its supply chain partners, the company said. No details on increasing supplier spending provided. Apple CEO Tim Cook visits Hanoi Cook, who landed in the capital city of Hanoi Monday morning for a two-day visit, will meet with Vietnamese programmers and content creators, news website VnExpress reported, without attribution. Vietnam has seen about a fourfold increase in companies assemblin...
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Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others
8Feb By adminNo Comments
Technology

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others

[ad_1] A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars by miscalculating the value of performance-based stock awards.U.S. District Judge Jennifer Rochon in Manhattan said the iPhone maker described its pay methods in detailed compensation tables in its 2023 proxy statement, "precisely" as securities laws and U.S. Securities and Exchange Commission rules require. Rochon also found no proof that Apple's board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, did not give the board enough time to consider its objections before suing. Lawyers for the pension fund did not immediately resp...
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Buffett says Apple is Berkshire portfolio’s best business
7May By adminNo Comments
Technology

Buffett says Apple is Berkshire portfolio’s best business

[ad_1] Warren Buffett said on Saturday that Apple Inc is a better business than any other in Berkshire Hathaway Inc's portfolio."Apple is different than the other businesses we own. It just happens to be a better business," said Buffett during Berkshire's annual meeting in Omaha, Nebraska. Berkshire revealed a $1 billion stake in Apple in May 2016, and by March 2023 had boosted that stake to $151 billion, accounting for 46% of its $328 billion equity portfolio, Buffett has long praised Apple CEO Tim Cook, and viewed Apple less as a technology company and more as a consumer products company with a dominant product, the iPhone, that people want and need.Berkshire has recently held a 5.6% stake in Apple, and Buffett said it could buy more. [ad_2] Source link
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Apple stakes future growth on emerging markets, starting with India
6May By adminNo Comments
Technology

Apple stakes future growth on emerging markets, starting with India

[ad_1] When Apple Inc surprised investors this week with a rise in iPhone sales despite a slump in the global smartphone market, Chief Executive Tim Cook credited emerging markets like India where the company is luring away Android phone users.Cook is betting that those markets will provide more opportunities for growth, with their youthful populations and relatively few iPhones. Shares of Apple rose more than 4% on Friday, putting the world's most valuable company on track for gains of around $120 billion in market capitalization. Apple said iPhone sales rose 1.5% to $51.3 billion for its fiscal second quarter even as global smartphone shipments fell 13% in January to March, according to research firm Canalys, whose data showed Apple gained market share from Android phones.Apple said i...
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Want to say something about your iPhone? Tell Tim Cook, he reads feedback daily at 5 AM
7Apr By adminNo Comments
Technology

Want to say something about your iPhone? Tell Tim Cook, he reads feedback daily at 5 AM

[ad_1] Customer feedback is very important for Apple Chief Executive Officer Tim Cook. So, if you have any feedback related to your iPhone, or any other product, you can share it and it will probably, get read by Cook. Revealing about his morning habits in an interview with GQ Magazine, Cook said that he starts his day by waking up early in the morning at around 5 AM and religiously reads the feedback customers have sent to the company.He said, "If you're in the business, like we are, of creating technology that really enriches people's lives - you want to know what it's doing. You want to know how people are feeling about it." "Of course, I get some complaints as well. Those are cool too because I want to stay grounded in terms of what our users are thinking, what they're feeling," he ...
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Apple to Shake Up International Sales Operations to Make India Its Own Region
10Mar By adminNo Comments
Technology

Apple to Shake Up International Sales Operations to Make India Its Own Region

[ad_1] Apple Inc. is reshuffling management of its international businesses to put a bigger focus on India, according to people with knowledge of the matter, a sign of the nation's growing importance. The shift will mark the first time that India becomes its own sales region at Apple, which has seen demand surge in the country. That will give the Asian nation increased prominence inside the tech giant, according to the people, who asked not to be identified because the move hasn't been announced. Apple is making the change after its vice president in charge of India, the Middle East, Mediterranean, East Europe and Africa — Hugues Asseman — recently retired. With his departure, the iPhone maker is promoting its head of India, who reported to Asseman. That executive, Ashish Chowdhar...
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India is hugely exciting market and major focus for Apple: Tim Cook
6Feb By adminNo Comments
Technology

India is hugely exciting market and major focus for Apple: Tim Cook

[ad_1] Apple CEO Tim Cook has called India a "hugely exciting market" for the company. Speaking at the company's earnings call on Thursday, Cook stated that India will be a "major focus" for the company, which is looking to choose the country as an alternative production base to China and as a source of growth, Nikkei Asia reported. "India is a hugely exciting market for us and is a major focus," Nikkei Asia quoted Tim Cook as saying. "We're putting a lot of emphasis on the market," he further said. Tim Cook added, "I'm very bullish on India." Apple witnessed a quarterly revenue record in India for October to December, with double-digit year-over-year growth. The development comes amid otherwise gloomy results announced on Thursday, including production headwinds in China and we...
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Apple CEO Tim Cook praises Vishal Bhardwaj, Ishaan Khatter’s short film ‘Fursat’
6Feb By adminNo Comments
Technology

Apple CEO Tim Cook praises Vishal Bhardwaj, Ishaan Khatter’s short film ‘Fursat’

[ad_1] Apple CEO Tim Cook, on Saturday, praised Indian filmmaker Vishal Bhardwaj and Ishan Khatter's recently released short film 'Fursat'. Taking to Twitter, Tim wrote. "Check out this beautiful Bollywood film from director @VishalBhardwaj that explores what might happen if you could see into the future. Incredible cinematography and choreography, and all #ShotoniPhone." Helmed by Vishal Bhardwaj 'Fursat' is a short film shot on an iPhone and stars Ishaan and Wamiqa Gabbi in the lead roles. The 30-minute short film was released on Apple's official YouTube channel and received positive responses from the audience. Apple described the film as a magical story about a man so obsessed with controlling the future that he risks losing what he holds most precious in the present. Durin...
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PUSHBACK! Apple Cuts CEO Tim Cook’s Salary By Over 40%
13Jan By adminNo Comments
Technology

PUSHBACK! Apple Cuts CEO Tim Cook’s Salary By Over 40%

[ad_1] Apple Inc. is cutting CEO Tim Cook’s salary by more than 40% to $49 million in 2023. Apple Inc. is cutting Chief Executive Officer Tim Cook's salary by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of the changes, the percentage of stock units awarded to Cook and tied to Apple's performance will increase to 75% in 2023 from 50%, as well as in future years, the company said in a regulatory filing Thursday. For 2022, Cook received compensation of $99.4 million, including $3 million in base salary, about $83 million in stock awards and a bonus. That was up slightly from 2021, when his total pay package was $98.7 million. Cook's latest pay was based on “balanced shareholder feedback, Apple's exceptiona...
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Apple’s Tim Cook Goes to Washington to Meet With Top GOP Lawmakers
30Nov By adminNo Comments
Technology

Apple’s Tim Cook Goes to Washington to Meet With Top GOP Lawmakers

[ad_1] Apple CEO Tim Cook is in Washington to meet with top Republican lawmakers as the company seeks to forge ties with the GOP ahead of the party’s takeover of the House. Apple Inc. Chief Executive Officer Tim Cook is in Washington to meet with top Republican lawmakers, according to people familiar with his visit, as the company seeks to forge ties with the GOP ahead of the party's takeover of the House early next year. Cook has scheduled sessions with Republican Representatives Jim Jordan of Ohio, Darrell Issa of California and Cathy McMorris Rodgers of Washington, according to two of the people familiar with the meetings, who asked not to be identified discussing private travel plans. Jordan and McMorris Rodgers are likely to chair the top committees overseeing the tech industr...
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