Tim Cook congratulates employees on another record quarter, to hold Town Hall Q&A

Tim-Cook-07Following reporting what CEO Tim Cook referred to as another record-setting quarter, today the Apple executive sent out an email to employees congratulating the team. Within the email, Cook thanked employees for their “incredible hard work and focus” and highlighted that the company sold over 75 million iOS devices during the quarter.

Like last year, when Apple held a Town Hall meeting following its Q1 results near a windshield repair Sugar Land TX company, Cook is asking employees to attend an employee communications meeting scheduled for today at 10 a.m. Pacific time. The email sent out last night following Apple’s earnings results conference call, and it noted that employees would be able to submit questions via AppleWeb in advance.

Apple will also broadcast the meeting live throughout Cupertino and other Apple locations. Cook’s full email is below:

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Apple’s Tim Cook takes TV project from hobby to ‘intense area of interest,’ says the industry is 20- to 30 years behind

Tim Cook NBC interviewApple CEO Tim Cook’s much hyped NBC interview is set to air tonight at 10 p.m. EST, but we are already learning much of what will be discussed during the conversation that took place in, among other places, Apple’s Grand Central retail store location in New York. Earlier today, a profile from Bloomberg revealed Cook’s plans to bring at least some production of the Mac back to the United States in 2013, but he also hinted that the company has big plans for a next-generation Apple TV product. According to a preview of the interview on NBC’s website, Cook referred to the project as an “intense area of interest”—opposed to the “hobby” that the company has considered the product since its inception:

“When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years,” Cook told Williams. “It’s an area of intense interest. I can’t say more than that.”

Video/Gallery: Apple CEO Tim Cook seen giving interview/tour at Apple Store Grand Central with NBC anchor Brian Williams, airing Dec. 6

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Apple CEO Tim Cook was spotted at the company’s massive Grand Central store this afternoon, giving an interview with NBC anchor Brian Williams. The U.S. network is doing a piece on Apple and shopping at its stores during the holidays. Additionally, Cook was seen checking out the store and showing off the iPhone 5 and iPad mini. Apple’s Grand Central store opened to the public in December 2011, and it is considered a flagship for the company.

The program is set to air Dec. 6—per the tweet, press release, and video embedded below.

Via: TVNewser
Source: Instagram, Twitter

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Following earnings call, AAPL drops below 600 for the first time since July

Less than 24 hours after releasing its fourth-quarter earnings results, Apple stock has now dropped below $600 for the first time since July. Apple reported Q4 earnings slightly higher than the analysts expected (apart from iPad sales, with 14 million units sold coming in lower than most estimates). Apple posted $8.2 billion in net profit with $36 million in revenue and diluted earnings per share of $8.67. That compares to an average of about 15.5 million iPads, earnings per share of $8.75, and $35.51 billion in revenue expected by the analysts.

During Apple’s Q4 results conference call yesterday, Apple CEO Tim Cook answered questions about iPhone 5 supply and demand and shortages going forward. According to Cook, production is increasing but the company is still in a “significant state of backlog.” He confirmed Apple still plans to roll out the device to 100 countries by the end of the year. This morning—the iPad mini, and fourth-generation iPad, officially went up for pre-order. Shortly after, Apple sold out of some models and pushed back shipping times.

Cook remained confident that component shortages would not hold back iPhone and iPad sales, stating he is “pleased with the current volume of output.” He did, however, warn about significant iMac delays headed into the holidays:

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Apple CEO Tim Cook on Microsoft Surface: ‘a car that flies and floats?’

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At Apple’s Q4 earnings call today, Apple CEO Tim Cook was asked his thoughts on Microsoft’s new Surface tablet PC. Cook called it “a fairly compromised, confusing product,” and he compared it to a car that flies and floats:

 “I haven’t personally played with a Surface yet… what we’re reading about it is… it’s a fairly compromised, confusing product… the toughest thing you do with a product is make hard trade offs.. we’ve really done that with the iPad.. the user experience is absolutely incredible… i suppose you could design a car that flies and floats, but i don’t think it would do all of those things well.. i think when people look at the iPad over competitive offerings they are going to really want an iPad

Cook also noted that iPhone 5 is still seeing delays but supplies are getting better: Read more

Apple remembers Steve Jobs on anniversary of his passing

Tim Cook just posted the above letter on Apple’s website to reminisce and pay homage to the company’s late cofounder, Steve Jobs.

Today is the one-year anniversary of Jobs’ passing, so Apple updated its homepage early this morning with a video montage to remember his life and death. The nearly two-minute video presents a slideshow of Jobs throughout his career and it softly ends with “Remembering Steve”.

Apple unveiled the iPhone 4S on Oct. 4, 2011, but one seat left open for Jobs at the packed event notably sat empty. The next day, Jobs died. After he passed, at just 56 years old, news of his death flooded the Internet, TV, newspapers, and homes. Millions of people immediately emailed Apple, and the company subsequently created a “Remembering Steve” page to display a massive compilation of condolences that poured in from around the world.

The tribute letter from Apple’s current CEO appears upon completion of the “Remembering Steve” video. In the message, Cook describes Jobs’ death as a “sad and difficult time”. The executive hopes, however, that everyone will “reflect on [Jobs'] extraordinary life and the many ways he made the world a better place.” A screenshot of Cook’s entire letter is above, while a text version is available after the break.

Apple has become the most valuable company in the world during the last year, and it is hard not to give respect to the man whose imagination and innovation helped push the company to record-breaking heights.

A slight variation of the above went to employees in a company email:

Team,  

Steve's passing one year ago today was a sad and difficult time for all of us. I hope that today everyone will reflect on his extraordinary life and the many ways he made the world a better place.    As you and I know firsthand, one of the greatest gifts Steve gave to the world is Apple. No company has ever inspired such creativity or set such high standards for itself. Our values originated from Steve and his spirit will forever be the foundation of Apple. We share the great privilege and responsibility of carrying his legacy into the future.  I'm incredibly proud of the work we are doing, delivering products that our customers love and dreaming up new ones that will delight them down the road. Thank you for dedicating your talents and so much of your lives to Apple. It's a wonderful tribute to Steve's memory and everything he stood for.  

Tim

The video and screenshot gallery of the homepage is below: Read more

Tim Cook unloads $11 million in AAPL stock

According to an Apple filing with the U.S. Securities and Exchange Commission today, Tim Cook sold 20,178 shares of his company’s stock in a series of transactions over the past two business days. The sales started at $547 per share and climbed to $551 before the last transaction, which left Apple’s Chief Executive Officer with $11.1 million.

Cook, who earns a bit more than $1 a year in Apple salary, was awarded 1 million shares of Apple last year, which vest in 2016 and 2021. Those shares are now worth over half a billion dollars.

Apple is the world’s most valuable company with stock valued at $552 upon today’s closing bell and continued to climb in after-hours trading.

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More on Apple’s Anobit acquisition: Team remains in Israel (for now), headed by notable chip VP

During the question-and-answer section of Apple’s blowout Q1 2012 earnings call, Apple CEO Tim Cook let out a widely known fact from within the company: Apple Senior Vice President of Hardware Engineering Bob Mansfield is now in charge of the team that comes from Anobit, an Israel-based SSD company that Apple acquired earlier this month. Cook also said Apple is integrating Anobit’s talent into Apple’s current workflow. Cook did, however, leave out some crucial details about Anobit’s integration into Apple.

We have some of the missing details, below:

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Tim Cook sends congratulatory email, plans to ‘discuss some exciting new things going on at Apple’ at Town Hall tomorrow

Following today’s blowout numbers, we just received word that Apple CEO Tim Cook sent a short email to Apple employees congratulating them both on a record setting holiday quarter and starting 2012 with the launch of a groundbreaking initiative for education with iBooks 2 and iPad textbooks.

Perhaps most enticing, Cook told everyone to report to Town Hall tomorrow either in person or through their AppleWeb online portal at 10 a.m. PT to discuss “some exciting new things going on at Apple.” Former Apple CEO Steve Jobs typically held such meetings following major product launches like the iPad and iPhone.

Cook’s last all hands email was sent just one week ago and discussed Apple’s supplier responsibility report.

Today’s email from Cook is pasted below:

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What is different about a Tim Cook Apple?

It wasn’t much of a surprise when Tim Cook said “Apple is not going to change” in his letter to employees as newly appointed CEO following Steve Jobs’ resignation. Not long after that, we published a story about what we called Cook’s first “anti-Jobsian move”. Of course many questions arose surrounding how Cook’s sales and operations background may influence his leadership style, and how it might differ from Jobs.

Today we get a look at just how the company has changed under Cook’s guidance with the Wall Street Journal publishing a story detailing the moves the new CEO has made since taking over in August:

In recent weeks, Mr. Cook has tended to administrative matters that never interested Mr. Jobs, such as promotions and corporate reporting structures, according to people familiar with the matter. The new chief executive, 50 years old, has also been more communicative with employees than his predecessor, sending a variety of company-wide emails while addressing Apple employees as “Team,” people close to the company said.

According to the report, Cook was also behind a recent restructuring of the company’s education division, a move which split the business (which until now operated “fairly independently”) into a sales and marketing structure and incorporated it into the company-wide sales and marketing divisions. The restructuring will place additional responsibilities on Apple execs Phil Schiller and John Brandon.

Citing “former executives” and others close to the company, the WSJ claims Cook will also “be more open with shareholders” and note he’s expressed desire to meet with investors more often than Jobs. After Cook’s statement that he’s “not religious about holding cash or not holding it” during Apple’s earnings call last month, it’s not much of a surprise many expect the new CEO to be more open to stock buybacks or dividends as well.

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Tim Cook calls Siri “profound innovation”, talks patent disputes, and Thailand. Tablet market could be bigger than the PC market

Live from Apple Q4 2011 earnings call, Tim Cook is answering questions from the press and just discussed, among other things, his thoughts on Siri, patents disputes, and the disaster in Thailand.

Of course Cook was asked to comment about Siri and did so using the words “amazing” and “incredible” calling it a “profound innovation” and saying, “over time…many, many people will use it in a substantial way”.

Talking on patent disputes, Cook of course wouldn’t discuss specific cases but did note:

“We spend a lot of time and money and resource on coming up with incredible innovation…we dont like it when someone else takes those”, he continued, “unfortunately we’ve been pushed into the court system as a remedy.”

When asked to talk about the potential unibody enclosure shortage we reported yesterday, he mentioned it’s being treated as a concern and that Apple is “currently investigating”. He also talked about the recent disaster in Thailand and its potential impact (quote via This is my next):

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