Tag Archives: Tim Cook
Verizon To Start Selling Apple iPad On October 28

Verizon Communications Inc. (NYSE:VZ) will be selling the Apple Inc. (NASDAQ:AAPL) WiFi iPad starting October 28th. Verizon said that the iPad will be available at over 2,000 stores on that date. It will be offered in three bundles.
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Apple Profit Jumps 78%, But Free Case Giveaway Will Cost $175 Million

Earlier this week Apple Inc. (NASDAQ:AAPL) announced that their profit has jumped 78%. The sales for the new Apple iPhone 4 and the Apple iPad tablet are very strong. The current quarter also has a very strong forecast. Apple’s revenue for the quarter that ended June 26th was $15.7 billion. Apple CEO Steve Jobs said that Apple still has “amazing new products still to come this year.” Giddy up!
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How Much Did The Apple COO Make In 2009? $14 Million.
Apple Inc. (NASDAQ:AAPL) Chief Operating Officer Tim Cook is one of the most important figures at the company and he is well compensated for that fact. When CEO Steve Jobs had to take 6 months leave from the company, Cook stepped in to perform Jobs’ duties. Apple’s stock has been surging throughout the year which further increased Cook’s wealth.
According to SEC documents (BusinessInsider), Cook earned $7 million in stock awards in 2007 and $6 million in 2008. This year, Cook has earned $12.3 million in stock awards and his salary is about $800,000 for the year. This means that Cook earned $14 million in 2009. Steve Jobs paid himself a $1 salary and a $1 bonus, but he owns 5.5 million shares of Apple stock.
Tim Cook Says Netbooks Don’t Deserve Apple Brand

“For us, it’s about doing great products. When I look at netbooks, I see cracked keyboards, terrible software, junky hardware, very small screens. It’s just not a good consumer experience and not something we would put the Mac brand on. It’s a segment we would not choose to play in.”
Tim Cook made the above statement during Apple’s earnings call yesterday. Clearly Apple has a whole isn’t very fond of the whole netbook market. But they may very well be working on a tablet computer.
On the earnings call an analyst asked about the return of Steve Jobs. Apple CFO Peter Oppenheimer said that Jobs will be back in June as planned. The company has made about $8.16 billion in their last quarter and is sitting on $28.9 billion in cash. The company has also just hit 1 billion in application downloads.
Apple Sells 4.36 Million iPhones In Q1 2009, Vows To Protect I.P.

Apple reported today that they finished 2008 strong with a profit of $1.61 billion. This was mainly due to iPods reporting an all-time high despite economic conditions being their worst in the last 4 decades. Revenue was $10.17 billion in the three months ending on December 27, 2008.
Who Is Tim Cook And What Does He Do?

Now that Apple Inc. CEO Steve Jobs has stepped out of the limelight for six months, it is time to get know some of the iPhone company’s other executives.
