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Tim Cook

New tech regulation ‘inevitable,’ Apple CEO says

NEW YORK: Apple CEO Tim Cook predicts that new regulations of tech companies and social networks to protect personal data are "inevitable." In an interview with news website Axios being broadcast Sunday on HBO television, Cook said he expected the US Congress would take up the matter. "Generally speaking, I am not a big fan of regulation," Cook said in an excerpt released by Axios. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's…

Trump to have dinner with Apple CEO for ‘investing heavy dollars in US’

WASHINGTON: U.S. President Donald Trump said in a Twitter post that he would have dinner with Apple Inc Chief Executive Officer Tim Cook on Friday. “Looking forward to dinner tonight with Tim Cook of Apple. He is investing big dollars in U.S.A.,” said Trump, who is on vacation at his golf club in Bedminster, New Jersey. Cook said in a conference call with investors last week that Apple was looking at whether Trump’s tariffs in a trade war with China would hit the company on the purchases it must make. The New York…

iPhone X sales: Apple nears trillion-dollar in market cap

SAN FRANCISCO: AppleInc Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were "off the charts," but it might be the company's market capitalization that needs a bigger graph. Positive reviews for the new device and expectations that many users are on the verge of upgrading from older iPhones have sent Apple's stock to record highs, pushing it closer to becoming the first publicly listed company with a stock market value above $1…

Chinese President meets Zuckerberg, Tim Cook in Beijing

BEIJING: Apple's Tim Cook and Facebook's Mark Zuckerberg met Chinese President Xi Jinping in Beijing, state media said on Tuesday, as the Communist Party pushes for a larger role in private firms. The meeting came days after Xi secured his position as China's most powerful leader since Mao and as Facebook seeks to gain entry to the massive market. "As a beneficiary of and contributor to economic globalisation, China's development is the opportunity for the world," Xi told the annual gathering of advisers to Tsinghua…

Apple CEO Tim Cook calls for more global trade with China

BEIJING: Apple Chief Executive Tim Cook expressed support for globalization and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday. "I think it's important that China continues to open itself and widens the door if you will," said Cook, speaking at the government-sponsored China Development Forum. Cook's comments come amid rising tensions between the U.S. and China, with protectionist rhetoric from U.S. President Donald Trump sparking concern of increased…

Apple Park: Apple to open new spaceship campus in April

CUPERTINO, USA: Apple announced on Wednesday that Apple Park, the company’s new 175-acre campus, will be ready for for occupation for employees in April. The process of moving more than 12,000 people will take over six months, and construction of the buildings and parklands is scheduled to continue through the summer. Apple Park was envisioned by Steve Jobs as a center for creativity and collaboration. The campus’ ring-shaped, 2.8 million-square-foot main building is clad entirely in the world’s largest panels of…

Tech firms must do more against ‘fake news’: Apple boss

LONDON: Technology firms must up their game in tackling "fake news", Apple chief executive Tim Cook said Saturday, calling for a major public information campaign. "All of us technology companies need to create some tools that help diminish the volume of fake news," the US tech giant boss told the Daily Telegraph in an interview. "We must try to squeeze this without stepping on freedom of speech and of the press, but we must also help the reader. "Too many of us are just in the complain category right now and…

Britain will be ‘just fine’ post-Brexit: Apple CEO Tim Cook

LONDON: Britain will be "just fine" after it leaves the European Union, Apple's chief executive Tim Cook said in an interview broadcast on Friday. "We are very optimistic about the UK's future and we are all in," the CEO of the US tech giant told ITV television after meeting Prime Minister Theresa May and London Mayor Sadiq Khan on Thursday during a visit to Britain. "We're a big believer in the UK. The UK will be just fine," Cook said after visiting a coding class at a London primary school. But he told…

U.S. tech leaders sound alarm over Trump immigration order

SAN FRANCISCO: The U.S. technology industry, a major employer of foreign workers, hit back on Saturday at President Donald Trump's sudden executive order on immigration, with some leaders calling it immoral and un-American. Trump's order temporarily bars citizens of seven majority-Muslim countries from entering the United States even if they hold valid visas or permanent residence permits, a move that caught many companies off-guard. Netflix Inc Chief Executive Reed Hastings called it "a sad week" and added: "It is…

Apple Watch sales to consumers set record in holiday week, says Apple’s Cook

SAN FRANCISCO: Sales of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc Chief Executive Tim Cook told Reuters. Responding to an email from Reuters, Cook said the gadget's sell-through - a measure of how many units are sold to consumers, rather than simply stocked on retailers' shelves - reached a new high. Cook's comments followed a report on Monday from technology research firm IDC estimating that…