Tag: tim cook
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Will there be an Apple car?
It seems that Apple is dabbling in just about every market these days and the next on their list is the automotive industry. Word on the street (pun intended) is that Apple is building a car. The company is doing its best to keep the project under wraps but considering it’s size it’s going to…
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Here’s what Wall Street expects from Apple earnings
Apple is reporting on their quarterly earnings on Tuesday, July 26 (American time). While traditionally the second quarter of the year is usually the worst for Apple, this year is looking to be worse than usual. Last year during this quarter, Apple generated $49.6 billion in revenue. CEO Tim Cook says Apple will do $41…
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Tim Cook is Nike’s new Lead Independent Director
Nike’s co-founder Phil Knight has officially stepped down as chairman after 50 years with the company, with his recommendation Mark Parker taking over as President and CEO. In addition to this important leadership change, Tim Cook has been named as the lead independent director after having served as chair of the Nike board’s compensation committee…
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Apple stocks take historic dive
There’s a first time for everything, but Apple’s recent firsts aren’t something to celebrate. For the first time in its existence, iPhone sales have fallen 16% year-over-year. Apple has also posted its first year-over-year decline in quarterly revenue in 13 years, as profit and revenue growth have slipped. The company’s quarterly profit fell 22.5% as…