Tim Cook October 20

AAPL: 113.77

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The big question mark over Apple Music has been how many customers would choose to try it out, and – crucially – how many of them would be willing to pay for the service once the free trial ended. Tim Cook answered both questions yesterday, revealing that the service currently has 15M subscribers, of whom 6.5M are paying customers.

There are still plenty of unknowns, of course. We don’t know the exact split between individual and family subscriptions (though family subs were around 18% back in August), and we don’t know how subscribers map out across the countries – both of which we’d need to know to accurately calculate how much Apple is earning from the service.

But if we do a back-of-an-envelope guesstimate and say that the split between solo and family accounts is around 80/20 and that the costlier countries like those in Europe cancel out the cheaper ones like India, then an average monthly subscription of $11 times 6.5M customers gives us $72M a month. Multiply that by 12 months, and we can get $858M Apple Music revenue per year. Given that this is all very rough and ready, let’s call it a billion dollars a year in round numbers …  expand full story

Tim Cook October 19

AAPL: 111.73

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As expected, Tim Cook today took the stage at the Wall Street Journal Digital Live conference for an interview. During his time on stage, Cook discussed a variety of topics, ranging from iPhone to Apple Watch and to Apple Music. The main points are below:

  1. New Apple TV available next Monday, Oct. 26, shipping later that week
  2. 6.5 million paying Apple Music customers, 15 million total subscribers
  3. A focus on CarPlay in the short-term, but the car industry is at an “inflection point for massive change”

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The Paulson Institute today announced that Apple CEO Tim Cook is joining its CEO Council for Sustainable Urbanization, run in conjunction with the China Center for International Economic Exchanges. The Council for Sustainable Urbanization was initially formed nearly a year ago and includes 17 CEOs from various companies around the world.

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Tim Cook October 14

AAPL: 110.21

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Tim Cook October 5

AAPL: 110.78

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Tim Cook has emailed Apple staff on the 4th anniversary of the passing of Steve Jobs, thanking them for “remembering both who he was and what he stood for,” reports the Telegraph. Cook said that Jobs was “a brilliant person” who left an incredible legacy.

What is his legacy? I see it all around us: An incredible team that embodies his spirit of innovation and creativity. The greatest products on earth, beloved by customers and empowering hundreds of millions of people around the world. Soaring achievements in technology and architecture. Experiences of surprise and delight. A company that only he could have built. A company with an intense determination to change the world for the better.

Cook also made two references which which seem to indirectly refer to less flattering portraits painted of Jobs in biographies and movies …  expand full story

Tim Cook October 3

AAPL: 110.38

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Tim Cook speaking at BoxWorks on Tuesday

Speaking before an audience in Washington D.C. tonight, Tim Cook was honored with the Human Rights Campaign’s National Visibility Award at a dinner where he discussed the fight against discrimination and inequality. The Apple CEO famously wrote earlier this year about being gay, making Cook the first chief executive of a Fortune 500 company to openly come out. In the essay in which he first publicly acknowledged his sexuality, Cook shared that he felt it was more important to help other people facing discrimination for being gay than it was to protect his private life. Delivering a speech at the HRC dinner, Cook declared that “sometimes you just have to be loud.” expand full story


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