Page 5 - Tim Cook

iPhone maker Apple sets all-time revenue record in India: CEO Tim Cook

iPhone maker Apple has set an all-time revenue record in India and observed a double-digit growth in iPad sales in the country in the September 2024 quarter, senior officials of the company said on Friday. The company reported an over 6 per cent growth in total net sales to USD 94.93 billion during the reported period from USD 89.49 billion a year ago. "We also set September quarter segment revenue records in the Americas, Europe, and the rest of Asia Pacific, as well as in a large number of countries, including the United States, Brazil, Mexico, France, the UK, Korea, Malaysia, Thailand, Saudi Arabia and the UAE, and we continue to be excited by the enthusiasm we're seeing in India, where we set an all-time revenue record," Apple CEO Tim Cook said during the company's earnings call. Cook said Apple also opened two new stores - one in Mumbai and the other in Delhi - in the country during the quarter. "We can't wait to bring four new stores to customers in India," he said. In early

Apple sets record India revenue driven by iPhone sales, plans 4 new stores

The iPhone wasn't the only high-performing product; Cook mentioned that iPad sales in India saw strong performance as well, achieving double-digit growth in the quarter ending September

Apple's investors disappointed after tepid forecast amid China weakness

Homegrown Chinese brands such as Vivo have gained ground in the country, and restrictions on the use of foreign technology at Chinese government offices spread over the past year

Apple CEO Cook says company to increase investment in China: State media

Apple chief Tim Cook met with Chinese Minister Jin Zhuang Long on Wednesday during his second visit to China this year, amid rising competition for Apple in the Chinese market

Apple CEO Tim Cook meets China's IT minister during Beijing visit

The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighbourhoods

Apple CEO Tim Cook's other job is to help Nike turn things around

During his tenure, he's been a sounding board on issues ranging from China to technology operations to appointing key new executives, according to current and former Nike and Apple employees

Apple's chief people officer Carol Surface to exit after less than 2 years

When Surface joined Apple, she took over the people role from Deirdre O'Brien, who had been managing that team in addition to the company's retail stores

Apple's Dan Riccio, key executive in both Steve Jobs, Cook eras, to retire

Riccio's exit marks one of the most significant departures from Apple's management team- though it's been in the making for quite some time now

All you need to know about Kevan Parekh, Apple's new Indian-origin CFO

Kevan Parekh will assume the CFO role on January 1, 2025, succeeding Luca Maestri, who is moving to Corporate Services and marks the second significant leadership change at Apple within a week

Buffett surprises by slashing Berkshire's Apple stake, move to alarm market

Billionaire Warren Buffett slashed Berkshire Hathaway's massive Apple stake in a move that could prove unsettling for the broader stock market both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate's business alongside Berkshire insurance, utility and BNSF railroad businesses that it owns outright. That gave investors the impression that Buffett might hold onto Apple indefinitely as he has with the Coca-Cola and American Express shares he bought decades ago. However, he has trimmed the Apple stake over the past year and has recently also sold off some of his stock in Bank of America and Chinese EV maker BYD while doing very little buying. As a result, Buffett is now sitting on nearly USD 277 billion in cash, up from what was already a record USD 189 billion just three months earlier. This could alarm the markets especially given the news from la

Apple achieves record revenue in India, Mac sales rise: CEO Tim Cook

Apple CFO Luca Maestri further highlighted the strong performance for Mac products in emerging markets, including India, during the call

Musk's AI fashion show: World leaders, tech titans strut the runway. WATCH

The video features Elon Musk himself, alongside Mark Zuckerberg, Jeff Bezos, Tim Cook, and more

Increasing adoption

Electronic devices will be increasingly driven by AI

Apple likely to 'pay' OpenAI for ChatGPT through distribution, not cash

Apple's deal with OpenAI isn't exclusive, and the iPhone maker is already discussing offering Google's Gemini chatbot as an additional option. That agreement should be in place later this year

Apple Intelligence: What is it and what it brings to iPhone, iPad, and Mac

Apple intelligence will make Siri more contextually relevant, allow users to access new features for writing, summarising mails, sending emojis, and much more

Apple aims to overtake early leaders in AI race despite starting late

Apple's annual World Wide Developers Conference on Monday is expected to herald the company's move into generative artificial intelligence, marking its late arrival to a technological frontier that's expected to be as revolutionary as the invention of the iPhone. The widely anticipated display of AI to be embedded in the iPhone and other Apple products will be the marquee moment at an event that traditionally previews the next version of software that powers the company's hardware lineup. And Apple's next generation of software is expected to be packed with an array of AI features likely to make its often-bumbling virtual assistant Siri smarter, and make photos, music, texting and possibly even creating emojis on the fly a more productive and entertaining experience. True to its secretive nature, Apple hasn't provided any advance details about Monday's event being held at the company's Cupertino, California, headquarters. But CEO Tim Cook has dropped strong hints during the first

Southeast Asia fast emerging as centre of gravity for tech industry

After decades of playing second fiddle to China and Japan, the region of about 675 million people is drawing more tech investment than ever

Apple apologises for its latest iPad Pro ad, scraps plan to air it on TV

Others said the advertisement didn't bode well for Apple in the age of artificial intelligence and as regulators look to break up key properties like the App Store

Apple grows in double digit in India in Q2, Tim Cook very pleased

Apple CEO Tim Cook mentioned Apple's efforts to expand its presence in India, including increasing its distribution channels and developer community

Apple has advantage over the competition in generative AI, says Tim Cook

Cook said, Apple continues to make significant investments in generative AI and the company will share "some very exciting things" soon