Apple could incur an additional $900 million in costs this quarter due to tariffs, CEO Tim Cook revealed on Thursday, marking one of the company’s most significant financial impacts yet from escalating trade tensions under former U.S. President Donald Trump’s economic policies. Speaking during the company’s quarterly earnings call, Cook said the estimated cost increase…
Apple has once again achieved a remarkable milestone by becoming the only company ever to reach a market value of $3 trillion. On Friday, Apple’s shares rose 1%, reaching a record price of $191.34. With 15.7 billion shares outstanding, this surge in stock price propelled Apple to its historic market value. Although Apple had briefly…
When Tim Cook took over as Apple CEO from Steve Jobs nearly 12 years ago, there were doubts about whether the company had reached its peak. However, under Cook’s leadership, Apple’s market cap has skyrocketed by over 700%, reaching almost $3 trillion. The iPhone business has continued to thrive, driven by innovative features and pricing…
Things are cooking for Apple CEO Tim Cook. Emerging from a slow fiscal quarter due to slowing tech product demand and a sluggish economy, Apple is continuing to push for cost-cutting measures. The latest: eliminating jobs across its development and preservation teams, the corporate retail division that oversees the maintenance and construction of Apple stores….
Apple (AAPL) CEO Tim Cook gave a show of support for China as a market and manufacturing base during a visit to Beijing Saturday, even as trade and tech sector tensions escalate between the United States and the world’s second-largest economy. As reported on CNN, Apple and China had “grown together” over the past three…
Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled. As reported by CNN, the world’s largest tech company said it would reduce Cook’s target pay package to $49 million, 40% lower than his target pay for 2022 and about half Cook’s $99.4 million total compensation that he was granted…
