Tim Cook January 26

AAPL: 99.99

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It’s earnings day for Apple and the company has just reported their official numbers for revenue, profit, and products sold during the holiday quarter. Remember that this quarter includes the bulk of iPhone 6s and 6s Plus sales, all iPad Pro and related accessory sales, Apple TV 4 sales, plus traffic from the busy holiday shopping season.

With that in mind, Apple reported $75.9b in revenue, $18.4b in profit, 74.8m iPhones sold, 16.1m iPads sold, and 5.3m Macs sold. Although the October through December period was probably a stacked quarter for Apple Watches sales, the company doesn’t break out category sales for that product for “competitive” reasons.

That compares to $51.5 billion in revenue, $11.1 billion in profit, 48m iPhones, 9.8m iPads, and 5.7m Macs reported in the previous quarter. During the same holiday quarter a year prior, Apple reported $74.6b in revenue, $18 billion in profit, 74.4m iPhones, 21.4m iPads, and 5.5m Macs for comparison. Analysts were predicting around $76.6b in revenue, 75m iPhones, 17.3m iPads, and 5.8m Macs.

Tim Cook had this to say:

“Our team delivered Apple’s biggest quarter ever, thanks to the world’s most innovative products and all-time record sales of iPhone, Apple Watch and Apple TV,” said Tim Cook, Apple’s CEO. “The growth of our Services business accelerated during the quarter to produce record results, and our installed base recently crossed a major milestone of one billion active devices.”

Full press release after the break, and stick around for our earnings call live blog at the top of the hour:

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Tim Cook January 21

AAPL: 96.30

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Tim Cook this week met with the European Commission’s antitrust chief Margrethe Vestager, Bloomberg reports and Kristin Huguet, a spokeswoman at Apple, confirms. The Cupertino based company is fighting back against contentions that they have formed a special agreement with Ireland in which they pay significantly lower taxes to the country’s government. The news also appears to coincide with Tim Cook’s announcement in launching an iOS development center in Italy.

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AT&T CEO Randall Stephenson is the latest to weigh in on the issue of data encryption policy with the executive telling The Wall Street Journal that Apple CEO Tim Cook and other tech execs should leave the decision making on encryption policy up to Congress:

“I don’t think it is Silicon Valley’s decision to make about whether encryption is the right thing to do. I understand Tim Cook’s decision, but I don’t think it’s his decision to make”… I personally think that this is an issue that should be decided by the American people and Congress, not by companies,”

…The AT&T chief said his own company has been unfairly singled out in the debate over access to data. “It is silliness to say there’s some kind of conspiracy between the U.S. government and AT&T,” he said, adding that the company turns over information only when accompanied by a warrant or court order.

That statement follows a meeting among Cook, other Silicon Valley executives and White House officials last week to discuss topics related to encryption policies and government access to data.

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California is now presenting a new bill that, if passed into law, would stop Apple from selling iPhones on its home turf, via ZDNet. The bill requires smartphone manufacturers to sell devices that have backdoors to allow them to be decrypted. Naturally, this affects iPhones which use high-strength security methods and make it practically impossible for anyone including Apple to gain access without the passcode. If this proposed bill sounds familiar, there’s a reason for that. A nearly identical proposition was made in New York state earlier in the month.

Although the bill is only being proposed and isn’t law at this time, it poses a big issue for Apple which is facing pressure from politicians across the US to relax its stance on privacy in favor of security. The California case is especially problematic given the location of Apple’s HQ. It would be very awkward if Apple was barred from selling iPhones in the state where they’re designed.

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Tim Cook January 19

AAPL: 96.66

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The Super Bowl kicks off on February 7th at Levi’s Stadium, in close vicinity to the headquarters of major tech firms including Apple. Usually, the Super Bowl is funded by local government sponsorships. This year, tech companies are (at least partially) footing the bill. The Wall Street Journal is reporting that Apple has contributed free products and equipment to the host committee and has explicitly declined any company or product marketing in exchange. Apple joins other tech companies like Alphabet, Yahoo, Seagate and HP in funding the proceedings — the Super Bowl committee has raised about $50 million in total from these firms.

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Tim Cook January 15

AAPL: 97.13

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Apple’s strong position on privacy and encryption has been at odds with the United States government’s pressure to step up its national security efforts in the wake of recent terrorist attacks across the globe. In short, iPhones are encrypted to protect customer data from prying eyes, and law enforcement agencies believe that gives criminals a safe haven for communication that can’t be traced.

The Obama administration including the former and current attorney general and FBI director have strongly voiced opposition to Apple’s position, and Tim Cook reportedly pressed the White House to back strong encryption as recently as this week. So it’s no surprise that Tim Cook and Apple came up at the end of last night’s Republican presidential debate hosted by the Fox Business channel where at least one candidate was asked to address his position on the subject.

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