Exclusive: Apple's Cook, music mogul Iovine discuss new music service
SAN FRANCISCO/LOS ANGELES - Apple Inc has held talks with Beats Electronics LLC, the audio technology firm co-founded by influential hip-hop producer Dr Dre and music mogul Jimmy Iovine, on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation told Reuters.
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State of the Union: Why Is Apple CEO Tim Cook Sitting Next to Michelle Obama?
Apple is going through a sour patch right now. On Monday, TIME columnist Tim Bajaran asked if Apple’s amazing run disrupting markets is over. The Cupertino-Calif.-based tech juggernaut has not introduced a truly break-through new product since co-founder Steve Jobs died over one year ago. As a result, Apple’s stock price has suffered, declining 24% over the last 6 months. Apple investors are getting nervous. Meanwhile, hedge fund titan David Einhorn has launched a lawsuit against the company aimed at getting the company to return some of its $140 billion cash hoard to shareholders — who, after all, own the company. Apple has said it will consider Einhorn’s demands, but that didn’t stop Apple CEO Tim Cook from slamming Einhorn’s campaign as a “silly sideshow” at the Goldman Sachs investor conference in San Francisco on Tuesday morning. This context helps explain why Cook , a runner-up for TIME’s 2012 Person of the Year, has been on something of a PR tour in recent ...
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Apple CEO calls tiff with Einhorn over preferred stock a "sideshow"
SAN FRANCISCO - Apple Inc CEO Tim Cook called David Einhorn's lawsuit against his company a "sideshow" but said on Tuesday the board is carefully considering the star hedge fund manager's proposal to issue preferred stock, calling it "creative."
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U.S. tablet shipments soar during holidays, threaten to surpass PCs
SAN FRANCISCO - Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true.
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Apple to return some Mac production to U.S. in 2013
SAN FRANCISCO/NEW YORK - Apple Inc plans to move some production of Macintosh computers to the United States from China next year, Chief Executive Tim Cook said in remarks published on Thursday, in what could be a important test of the nascent comeback in U.S. electronics manufacturing.
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