Tim Cook
Why it’s bad news for the entire market when Apple has a big drop
Apple stock is down over 8% this week, wiping off about $200 billion in value, and dragging down the Dow and Nasdaq indexes. Apple is now officially in a bear market alongside other technology megastocks. Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every industry on […]
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Apple Store workers in Maryland begin union drive
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York. Lucas Jackson | Reuters Workers at an Apple store in Maryland are taking steps to unionize, CNBC confirmed Tuesday. It’s the third store to effort a campaign, setting up a potential labor battle with Apple. Organizers at […]
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Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound
Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022. CNBC Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter. Berkshire Hathaway’s chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a […]
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Chip supply issues are still giving some of world’s biggest companies a major headache
Apple CEO Tim Cook Brooks Kraft/Apple Inc/Handout via Reuters An ongoing shortage of chips and other basic materials is forcing some of the world’s biggest tech and automotive companies to scale back their targets this year. Apple CEO Tim Cook warned Thursday that the company was “not immune” to supply chain challenges, noting that the […]
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Apple posts big beat and 9% revenue pop, authorizes $90 billion buyback
Apple CEO Tim Cook greets customers at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. Lucy Nicholson | Reuters Apple’s revenue grew nearly 9% on an annual basis in the quarter ending in March, the company said on Thursday, showing strong growth and bucking investor worries about a […]
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Microsoft’s Brad Smith says tech regulation is coming, so industry should participate in shaping it
Tech regulation is coming whether the industry participates or not, according to Microsoft President Brad Smith, so companies might as well lean into those conversations now. “It doesn’t matter whether you like it or hate it,” Smith told CNBC’s Steve Kovach on “Tech Check” Wednesday. “And it’s right for people to point out the issues […]
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Apple CEO Tim Cook criticizes antitrust regulation, says some policies would hurt iPhone users
Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple CEO Tim Cook criticized pending antitrust regulation in the U.S. and Europe on Tuesday, saying that some of the proposed policies would hurt iPhone user privacy […]
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Apple just announced its big annual conference starts June 6, new iPhone software expected
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters Apple said Tuesday that its annual developers conference, WWDC, will begin on June 6. The company will hold a launch event on the first day of the […]
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