Apple Launches New Nationwide Racial Equity and Justice Initiative Projects

Apple today announced a set of new projects as part of its $100 million Racial Equity and Justice Initiative (REJI) to help dismantle systemic barriers to opportunity and combat injustices faced by communities of color. Rendering of the Propel Center The projects include the Propel Center, a global innovation and learning hub for Historically Black Colleges and Universities (HBCUs), an Apple Developer Academy to support coding and tech education for students in Detroit, and venture capital ...
Tags: Apple, New York, Tim Cook, Cbs, Jackson, Detroit, King, Martin Luther King Jr, Tim Cook Apple, Reji, Bernice A King, Developers Apple, Entrepreneur Camp, Apple Developer Academy, Harlem Capital, No Top Comments

Apple CEO Tim Cook Pay Package Rose 28% in 2020, to $14.8 Million

Tim Cook, Apple’s chief executive officer, saw his overall pay package increase by 28% last year, according to a regulatory filing. Cook’s base salary remained at $3 million for the year — the same as it was in 2019 and 2018 — but his non-equity incentive plan compensation rose to $10.7 million, up from $7.7 […]
Tags: Apple, Cook, News, Tim Cook, Tim Cook Apple, Tim Cook Pay Package Rose

Apple CEO Tim Cook Pay Package Rose 28% in Fiscal 2020, to $14.8 Million

Tim Cook, Apple’s chief executive officer, saw his overall pay package increase by 28% for the tech giant’s 2020 fiscal year, according to a regulatory filing. Cook’s base salary remained at $3 million for Apple’s 2020 fiscal year — the same as it was in 2019 and 2018 — but his non-equity incentive plan compensation […]
Tags: Apple, Cook, News, Tim Cook, Tim Cook Apple, Tim Cook Pay Package Rose

Apple CEO Tim Cook Urges Action on Climate Change at United Nations Summit

Apple CEO Tim Cook today delivered a brief speech during the 2020 Climate Ambition Summit, stressing that leaders of nations and companies around the world have a "burden to act" to address climate change during this "moment of historic urgency." The summit is co-hosted by the United Nations, United Kingdom, and France. In his prepared remarks, Cook highlighted Apple's environmental initiatives, including its global facilities being powered by 100% renewable energy and its ambitious goal of a...
Tags: Apple, UK, Cook, France, United Nations, Tim Cook, Tim Cook Apple, Apple environment, Environmental Audit Committee, Parliament s Environmental Audit Committee, United Nations United Kingdom

Apple Drops App Store Fees to 15% for All Developers Making Under $1 Million From App Store

Apple today announced the launch of a new App Store Small Business Program that will see the Cupertino company lowering its App Store fees for small business owners and independent developers. Starting on January 1, 2021, all developers who earn less than $1 million from the ‌App Store‌ will pay 15 percent in commission to Apple, down from the standard 30 percent. The 15 percent commission rate applies to paid app purchases, in-app purchases, and subscription fees, with the lowered rate benef...
Tags: Apple, Featured, United States, App Store, Cupertino, Tim Cook Apple, Small Business Program

Profit Margin Tensions Souring Relationship Between Apple and Foxconn

The relationship between longtime partners Apple and Foxconn is eroding due to a battle over profit margins, according to a new report from The Information. While Apple's gross profit margins are close to 40 percent, Foxconn's profit margins are in the single-digit percentage points, leading Foxconn to employ questionable tactics in an effort to grow its profits. For manufacturing projects, Foxconn routinely tells Apple that it hired more workers than it actually did. Foxconn has also used Ap...
Tags: Apple, Google, Featured, Foxconn, Tim Cook Apple

Apple and Epic Games are mired in a bitter legal battle, and 'Fortnite' is in the middle of it. Here's how Apple found itself in Epic's crosshairs.

Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference in San Jose, California on June 4, 2018. AP Photo/Marcio Jose Sanchez On August 13, the wildly popular game "Fortnite" got an update on Apple and Android smartphones that allowed players to bypass the companies' digital payment systems and pay Epic Games directly.In response, Apple and Google pulled "Fortnite" from their digital storefronts and cited the update as a terms-of-service...
Tags: Iphone, Apple, Ios, Google, Ipad, Mobile, Gaming, Lawsuit, Legal, Video Games, Mac, Entertainment, California, Court, Trends, Features

Apple has sourced over 20 million protective masks, now building and shipping face shields

As it mobilizes its supply chain, employees, and partners to provide personal protective equipment to medical workers and others working to stop the spread of the COVID-19 epidemic, Apple has sourced over 20 million face masks and is now building and shipping face shields, according to a statement from chief executive Tim Cook. Apple is dedicated to supporting the worldwide response to COVID-19. We’ve now sourced over 20M masks through our supply chain. Our design, engineering, operations ...
Tags: Apple, TC, Cook, Massachusetts, Tech, Canada, Brooklyn, 3d Printing, Tim Cook, Kaiser, Mask, Santa Clara, Formlabs, Tim Cook Apple, Global News, Voodoo Manufacturing

Apple's Work on New Upcoming Products Progressing Normally as Employees Adjust to Telecommuting

Apple's development of upcoming products is progressing as usual despite the fact that Apple employees around the world are working from home, according to a new report today out from Bloomberg. Apple is still working on new versions of the HomePod, Apple TV, MacBook Pro, budget iPads, Apple Watch, iPhone, and iMac, all of which could be released "as early as later this year" and have been previously rumored for release in 2020. Apple's software updates are also on track and are expected to b...
Tags: Apple, Asia, Bloomberg, Apple TV, Silicon Valley, Apple Watch, iMac, Bay Area, Retina Macbook Pro, Don, Italy Germany, Tim Cook Apple, MacBook Pro Apple, Bloomberg Apple, HomePod, HomePod Apple

Apple Helps Source Over 10 Million N95 Masks for Healthcare Providers in the U.S.

Apple over the weekend announced plans to donate millions of N95 masks to hospitals in the United States and Europe, and according to Apple CEO Tim Cook, Apple has been able to source more than 10 million N95 masks in the U.S. and millions more in Europe. Apple CEO ‌Tim Cook‌ said on Saturday that Apple was aiming to donate supplies to healthcare providers fighting COVID-19, and clarified today that Apple's ops teams are working to find and purchase masks from Apple's supply chain in coordina...
Tags: Iphone, Apple, Ios, Ipad, Europe, Mac, US, United States, Tim Cook, Rumors, Tim Cook Apple, COVID, Million N95 Masks for Healthcare Providers, Tim Cook zwnj

The Saudi Crown Prince accused of hacking Jeff Bezos' phone met with more than a dozen tech execs and celebs during the same US trip. From Tim Cook to Oprah, here's everyone Mohammed bin Salman met with.

There's a good chance Apple CEO Tim Cook, Google founders Larry Page and Sergey Brin, and venture capitalist Peter Thiel are having their phones examined right about now, in the wake of new reports about the hacking of Jeff Bezos' phone. A forensic analysis commissioned by Bezos suggests that it's likely his phone was hacked in May 2018 via a file sent from a WhatsApp account used by Saudi Arabian Crown Prince Mohammed bin Salman, according to reports in The Guardian and the Financial Times. Th...
Tags: Google, Amazon, Microsoft, Saudi Arabia, Amc, US, Trends, Bloomberg, Larry Page, New York Times, Tim Cook, Sergey Brin, Peter Thiel, Virgin Group, Richard Branson, Silicon Valley

Here's why one of Wall Street's biggest Apple bulls thinks the stock could surge 18% this year (AAPL)

On Monday, Needham analysts Laura Martin and Dan Medina raised their Apple price target to $350 from $280. The firm is now tied with Daniel Ives of Wedbush for highest Apple price target. The price target implies that Apple could surge 18% this year, according to Needham.  Here are five reasons that the Needham analysts boosted their Apple price target.  Watch Apple trade live on Markets Insider. After a solid 2019, at least one Wall Street firm thinks that Apple is setting up for double-dig...
Tags: Apple, Google, Facebook, Cook, Trends, Bloomberg, Netflix, Medina, Aapl, Martin, Wedbush, Needham, Tim Cook Apple, Watch Apple, Daniel Ives, Laura Martin

Hong Kong lawmaker who relied on the banned HKMap Live app warns Apple from becoming an 'accomplice for Chinese censorship'

  A prominent Hong Kong legislator and IT entrepreneur, Charles Mok, has warned Apple from becoming "an accomplice for Chinese censorship and oppression" in an open letter to Apple CEO Tim Cook. Apple has come under fire in recent days for withdrawing a map app which showed the location of police during the Hong Kong protests from the App Store. Mok's letter to Apple CEO Tim Cook, published on Twitter, said the app's removal "cause problems for normal Hong Kong citizens trying to avoid police ...
Tags: Apple, Twitter, Hong Kong, Cook, China, US, Trends, Bloomberg, Information Technology, Tim Cook, Nba, Tim Cook Apple, Mok, Hong Kong Police Force, AppStore, Hong Kong Legislative Council

Technology is reshaping the future of healthcare, from biotechs that use your body to fight disease to startups upending how you go to the doctor

Healthcare accounts for about 18% of the US economy, making it an attractive market for big corporations and startups, particularly in the tech sector. In healthcare, there's a lot of dissatisfaction with the status quo. That means the industry is ripe for innovation and disruption. This week, Business Insider's healthcare team is bringing you a new series on how technology is shaping the future of healthcare. Visit Business Insider's homepage for more stories. Tech and healthcare are converg...
Tags: Apple, US, Trends, Tim Cook Apple, Emma Court, Lydia Ramsey, Erin Brodwin, PwC CB Insights MoneyTree

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Larry Page "bypassed" Alphabet's board to personally give Andy Rubin a $150 million stock package while he was under investigation for sexual misconduct, according to a lawsuit. According to the filing, Alphabet's leadership committee ultimately finalized the stock-option deal, but it was Page who personally gave initial approval. . Facebook has now restored the ads and says they were removed because they violated its policies...
Tags: Google, Facebook, Elon Musk, Cook, Instagram, Elizabeth Warren, Trends, Tesla, Larry Page, Bill Gates, Tim Cook, SEC, Sam Altman, Volkswagen, Donald Trump, Kevin Systrom

Trump is lashing out over the 'Tim Apple' snafu, reportedly claiming he did say Tim Cook's surname

US President Donald Trump is lashing out after being ridiculed for referring to Apple CEO Tim Cook as "Tim Apple" at a White House meeting last week. Axios reported on Sunday that Trump told an audience at Mar-a-Lago last week that he had said "Tim Cook Apple" but pronounced "Cook" quietly. But on Monday, Trump tweeted that he did say "Tim Apple" — to save time. Cook and Ivanka Trump, who was also at the meeting, have seen the funny side of the incident. Donald Trump is trying to style it out...
Tags: Apple, Florida, Cook, White House, US, Trends, Tim Cook, Donald Trump, Trump, Ivanka Trump, Twitter Trump, Tim Cook Apple, Sean O Kane, White House Cook, Tim Apple, Tim Apple Join

Trump says he did say Tim Cook, he just said 'Cook' really quietly

US President Donald Trump says he called Apple CEO Tim Cook, "Tim Cook Apple," not "Tim Apple." Axios reported that Trump defended his remark during an evening with donors at his Mar-a-Lago Florida retreat. Trump was widely ridiculed for the "Tim Apple" comment, and even Cook himself took it in good humor.  Donald Trump is trying to style out one of his more bizarre moments. The US president was widely ridiculed last week when he referred to Apple CEO Tim Cook as "Tim Apple" during a meeting ...
Tags: Apple, Cook, US, Trends, Tim Cook, Donald Trump, Samsung Galaxy, Trump, Ivanka Trump, Tim Cook Apple, Axios, Lago Florida, Sean O Kane, Tim Apple, Tim Cook Tim Cook Apple, Tim Apple Axios

Apple appoints Deirdre O’Brien as senior vice president of Retail and People as Angela Ahrendts leaves

Apple has announced that Deirdre O’Brien will be taking on new responsibilities for Apple’s retail and online stores in an expanded role as senior vice president of Retail + People, reporting to CEO Tim Cook. After five transformative years leading the company’s retail and online stores, Angela Ahrendts will be parting from Apple.  In her new expanded role, Deirdre will lead Apple's global retail reach, focused on the connection between the customer and the people and processes that serve the...
Tags: Apple, News, Blogging, Tim Cook, Angela Ahrendts, Deirdre, Tim Cook Apple, Apple University, Deirdre O'Brien

Making Free Pay: The New Data Battle Ground [Mark Mulligan]

From Spotify to Xbox Live and the New York Times, 2018 is the year that paid subscriptions took hold. But the nasty truth is that most consumers still won't pay, as evidence by the100M who prefer Spotify's free tier. "This means ad-supported strategies are going to play a growing role in the digital economy," says Mark Mulligan. "But set against the backdrop of growing consumer privacy concerns, we will see data become a new battle ground." ______________________________ By Mark Mulligan...
Tags: Apple, Google, Amazon, Facebook, Spotify, Music, London, Netflix, New York Times, Hulu, Reed Hastings, Bruce Houghton, Mark Mulligan, Tim Cook Apple, Cambridge Analytica, Gustav Söderström Spotify

Apple plans to cut back on hiring due to iPhone sales struggles

Apple Inc. will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, according to people familiar with the matter.Tim Cook, Apple's chief executive... [Author: [email protected]]
Tags: Apple, Business, Apple Inc, Tim Cook Apple

Apple Plans Some Hiring Reductions After Selling Fewer iPhones

Tim Cook, Apple’s chief executive officer, made the disclosure to employees earlier this month in a meeting the day after he penned a letter to investors about the company’s recent struggles, particularly in China. During the meeting, Cook was asked if the company would impose a hiring freeze in response. Instead, Cook said some divisions would reduce hiring, according to the people, who asked not to be identified discussing private matters.
Tags: Science, Cook, China, Tim Cook Apple

Alphabet leapfrogs Apple as third biggest company as iPhone maker in meltdown

Apple's shock profit warning has dragged it further down the list of the most valuable companies, as Alphabet became the third company to leapfrog the iPhone maker in less than two months. Shares in Apple plunged by almost 10pc after markets opened in New York, putting its valuation at around $675bn (£536bn). It is now worth less than Microsoft, which has a market capitalisation at around $755bn, Amazon, worth $738bn, and Alphabet, $717bn. It is the latest signal of the change of fortunes fo...
Tags: Apple, Amazon, New York, News, Microsoft, China, US, Hermès, Lvmh, Alphabet, Greater China, Tim Cook Apple, 755bn Amazon

Facebook confirmed Mark Zuckerberg's beef with Apple CEO Tim Cook in an official company statement (AAPL, FB)

Apple   CEO Tim Cook and   Facebook   CEO Mark Zuckerberg have traded insults and barbs over the years. The latest example is that Zuckerberg even asked his employees to use Android phones and not Apple phones after Cook criticized Facebook in a televised interview.  Facebook confirmed the conflict in a public statement and said that Zuckerberg asked his employees to use Android because it's a more widely-used operating system.  Apple CEO Tim Cook and Facebook CEO Mark Zuckerberg might run tw...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Cook, Time, Samsung, Trends, New York Times, Tim Cook, Silicon Valley, Times, Msnbc, Zuckerberg, Charlie Rose, Mark

Facebook hits back at The New York Times, pointing out the 'inaccuracies' in its blockbuster report on leadership missteps

An explosive New York Times report delved into how Facebook's leadership dealt with scandals over the past few years. Facebook published a blog post refuting elements of the report, such as Russian interference, political point-scoring, and Zuckerberg banning his executives from using iPhones. Business Insider has broken down Facebook's objections alongside the Times' reporting. Facebook inner workings were laid bare on Wednesday by a New York Times report that went into gory detail about how...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Cook, Minnesota, Washington, Russia, US, America, Trends, House, New York Times, Tim Cook, The Times, Wisconsin

Apple is surging after beating Wall Street's earnings expectations (AAPL)

Apple reported third-quarter earnings that beat Wall Street's expectations on Tuesday. The company said it earned $2.43 per share on revenues of $53.3 billion Shares climbed as much as 2.6% in after-hours trading and continued to rise when markets opened Wednesday. Follow Apple's stock price in real-time here.  Shares of Apple climbed as much as 4.2% in trading Wednesday following the tech giant's earnings report that topped Wall Street's expectations after the closing bell Tuesday.  For the...
Tags: Apple, America, Trends, Cigna, Tim Cook Apple, Microsoft Amazon, Wednesday Follow Apple

Apple is climbing after topping Wall Street's earnings expectations (AAPL)

Apple reported third-quarter earnings that beat Wall Street's expectations on Tuesday. The company said it earned $2.43 per share on revenues of $53.3 billion Shares climbed as much as 2.6% in after-hours trading Follow Apple's stock price in real-time here.  Shares of Apple climbed as much as 2.6% in after-hours trading Tuesday following the tech giant's earnings report that topped Wall Street's expectations. For the fiscal third quarter, Apple said it earned $2.34 per share on $53.3 billio...
Tags: Apple, US, Trends, Tim Cook Apple, Microsoft Amazon, Follow Apple

Apple's plan to give away most of its cash might have had an unlikely supporter: Steve Jobs (AAPL)

Apple has announced plans to get to a $0 net cash balance, likely via even larger scale dividend and stock repurchase programs than it has in place now. On its face, the move seems contrary to the financial conservatism founder Steve Jobs helped instill in it; under Jobs, Apple eliminated its debt and stockpiled cash. But Fred Anderson, who served as Apple's chief financial officer under Jobs and worked closely with him to return it to health after it nearly failed, thinks he would have eventu...
Tags: Apple, Cook, Jobs, Steve Jobs, Trends, Jeff Bezos, Steve, Anderson, Tim Cook Apple, Fred Anderson, Under Jobs Apple, Jobs Cook, NextEquity Partners

'The bark's worse than the bite': Apple has a lot at stake in China, but it's got some big advantages if there's a trade war (AAPL, AMZN, GOOGL, NFLX, FB)

The tariffs that President Trump is reportedly threatening to impose on Chinese electronics products has some investors worried about how the big US tech firms may be affected. Investors ought not be overly worried, GBH Insights analyst Daniel Ives said Wednesday in a research note. The FANG companies — Facebook, Amazon, Netflix, and Google — have minimal business in China, so have little at risk, Ives noted. While Apple has greater risk, Ives said it too is likely to emerge largely unscathed....
Tags: Apple, Google, Amazon, Facebook, Hong Kong, China, US, Trends, Taiwan, Trump, Ives, Greater China, Tim Cook Apple, Facebook Amazon Netflix, Daniel Ives, AAPL AMZN

Analyst: Apple and America's big internet companies have no reason to fear a Trump trade war with China (AAPL, AMZN, GOOGL, NFLX, FB)

The tariffs that President Trump is reportedly threatening to impose on Chinese electronics products has some investors worried about how the big US tech firms may be affected. Investors ought not be overly worried, GBH Insights analyst Daniel Ives said Wednesday in a research note. The FANG companies — Facebook, Amazon, Netflix, and Google — have minimal business in China, so have little at risk, Ives noted. While Apple has greater risk, Ives said it too is likely to emerge largely unscathed....
Tags: Apple, Google, Amazon, Facebook, Hong Kong, China, US, America, Trends, Taiwan, Trump, Ives, Greater China, Tim Cook Apple, Facebook Amazon Netflix, Daniel Ives

Apple is building a new campus and will hire 20,000 new employees (AAPL)

Apple announced on Wednesday that it plans to open a new campus in the United States, and will hire 20,000 new Apple employees over the next five years.  It also revealed that it plans to pay $38 billion in repatriation tax, which at the new tax rate of 15.5% means that it will bring nearly all of its overseas cash, or about $245 billion, back to the United States.  Apple announced on Wednesday that it plans to open a new campus this year, as part of an effort that will see Apple hire 20,000...
Tags: Apple, Asia, Cook, Kentucky, US, America, Trends, Steam, United States, Nevada, Foxconn, Cnbc, Aapl, Trump, Reno Nevada, Tim Cook Apple