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Technology Apple's Tim Cook had the best week in tech

16:16  01 august  2020
16:16  01 august  2020 Source:   usatoday.com

Tim Cook says Apple 'must do more' to combat racism

  Tim Cook says Apple 'must do more' to combat racism Following Apple Music’s participation in Black Out Tuesday this week, Apple CEO Tim Cook has released an official statement confirming the company’s stance on the Black Lives Matter demonstrations taking place around the world. In a post titled “Speaking up on racism,” Cook decries the inequalities of America’s justice system and notes that while “we’ve seen progress since the America I grew up in … communities of color continue to endure discrimination and trauma.” CUPERTINO, CALIFORNIA - SEPTEMBER 10: Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple's Cupertino, California campus.

Timothy Donald Cook (born November 1, 1960) is an American business executive, philanthropist and industrial engineer. Cook is the chief executive officer of Apple Inc

Tim Cook has been having quite the week . On Monday and Tuesday he was whistlestopping round France and Germany, arriving in the UK on Wednesday. But there are things to discover before that technology is good enough for the mainstream. I do think there can be a lot of things that really help

When you're asked to meet with elected officials via teleconference in Washington, D.C., (along with key competitors) and they don't ask too many questions to you, it's a given that you had a really good week.

And when you follow it up the next day with a stunning earnings release that had one analyst say his "jaw dropped" when he read the numbers, there's no question that Apple CEO Tim Cook clearly had the best week in tech.

His compatriots among the big tech CEOs – Facebook's Mark Zuckerberg, Google's Sundar Pichai and Amazon's Jeff Bezos – didn't fare as well in D.C.

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Tim Cook has extracted every last penny out of the iPhone phenomenon that Steve Jobs created. Now, it' s time for Apple to come up with a new plan. Apple is obviously in no imminent danger of collapse. But the tech graveyard is filled with tombstones of former technology giants that failed to

Apple and its chief executive have long touted personal privacy, distancing themselves from recent, growing scandals among tech companies — but the And those of us who believe in technology ' s potential for good must not shrink from this moment," Cook said. "We at Apple are in full support of a

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In case you missed it, let's break it down for you and begin by setting the scene. Facebook, Google, Apple and Amazon CEOs were called to Capitol Hill, for the first time in unison, to defend themselves against anti-trust charges. And they followed it up the next day with earnings reports, all, on the same day.

Or, a mind-boggling $200 billion combined worth of revenues in just one quarter. That's a little less than half of what the USA's largest company, Walmart brought in ($524 billion) for all of 2019.

During a pandemic, when many people were forced to work or learn from home, consumers responded by buying lots of new computers, iPads and even iPhones from Apple ($59.7 billion worth), and a whole lot of everything from Amazon ($88.9 billion) at a time when many retail stores were closed.

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Apple ' s iPhone remains the best smartphone in the world. People probably take it for granted that Apple released a great phone. They shouldn't. Cook has removed YouTube and Google Maps. Removing Google Maps could have gone better , but the idea is smart. Don't give Google too much

Apple CEO Tim Cook says his company will "announce new services" in 2019 in an interview with CNBC' s Jim Cramer. "If you zoom out into the future, and you look back, and you ask the question, 'What was Apple ' s greatest contribution to mankind?' It will be about health," Cook tells the "Mad

In his testimony to Congress, Bezos described it as like "Christmas" in March for the company, which struggled to keep up with demand. On the earnings call this week with analysts, Apple CEO Tim Cook sounded almost embarrassed about the company's fortunes.

Meanwhile, Google reported a 2% drop in revenues ($31.6 billion), and said its advertising business was impacted, due to the "fragile" economy, while Facebook, which is also primarily an advertising business, reported $18.7 billion, up 11% from the year-ago quarter, but a lower increase than usual.

Which brings us back to Cook.

Jason F. looking at the camera: Hey e-mail co-founder Jason Fried went public with his Apple App Store battles © Hey Hey e-mail co-founder Jason Fried went public with his Apple App Store battles

When you're asked to appear before Congress and defend your company, "you're a loser when you walk into that environment," says Gene Munster, an investor and analyst with Loup Ventures. "A good day is escaping from major blows, like Tim Cook did, vs. substantive blows, like Facebook and Google got."

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Apple CEO Tim Cook told CNBC how he first learned Berkshire Hathaway CEO Warren Buffett was investing in his business. TIM COOK : Our mission is to make the best products in the world in those areas that we choose to TIM COOK : Every two to three weeks . BECKY QUICK: I had no idea.

Apple CEO Tim Cook has claimed the iPhone is in fact largely made in the United States. Working conditions at Apple ' s factories in China are notoriously poor and the firm has repeatedly come under As part of the extended interview, Cook also spoke about the current US political climate as well as

Cook was asked about how Apple treats app developers and plays favorites at its App Store, where the company clearly controls what consumers can see with iron-clad enforcement. Apple gets to decide who can participate, and can ban people at will, as it did recently with the alternative e-mail service, Hey, which was initially rejected by Apple. Cook's defense: it's all in keeping up with quality of the store and not putting apps in front of iPhone users that invade their privacy and the like.

But in the realm of antitrust, if the government decreed that Apple ditch the App Store, it's a tiny, portion of its business, worth less than 5%, and wouldn't impact Apple, says Munster.

Like, say, having to divest of the iPhone business or Macintosh computers.

And because he got so few questions and they were only about the App Store, not Apple's TV business or dealing with suppliers who provide parts for the iPhone and Mac computers, Munster says Cook walked away unscathed.

Then came the spectacular earnings. "I thought iPhone sales would be down 20%," he says. "It was up (by 2%.) Because of stay-at-home and learn-at-home, the iPad and Macs are on fire."

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Tim Cook is Apple ' s CEO and a member of their board of directors, and the reason that Apple products can be both manufactured and sold less-expensively than ever. A logistical mastermind with an uncanny ability to recollect facts and figures, Cook has led Apple ' s climb up the profit and stock

Greenwich Village may as well have been a different planet, though I can tell you that the slurs and hatreds were the same. What I would not know, for When Steve got sick, I had hardwired my thinking to the belief that he would get better . I not only thought he would hold on, I was convinced, down to

Remember, this is even at a time when the company had closed down the retail Apple Stores at the beginning of March and didn't see many re-open until late May. So getting products delivered was more challenging.

Which brings us to Amazon.

The e-tailer also benefited from high consumer demand for just about everything and the companies ability to fulfill the orders. Pols focused on how Amazon deals with third-party sellers and competitors, also a small portion of its business, but Amazon got fewer questions than Pichai or Zuckerberg. The ones he did get were not nice.

But Google and Facebook had the worst week, combined, with most of the (heated) questions from the elected officials, says Munster. Most of the questions dealt with the secretive algorithms of the companies, and the potential for political bias, as well using their size to crush competitors. The earnings drop and resistance to advertising during a pandemic didn't help, Munster adds.

The chairman of the antitrust sub-committee said afterwards that he saw ample proof why Amazon, Google and Facebook needed to be broken up.

Munster predicts that if that were to happen, Facebook would be forced to give up subsidiaries Whatsapp and Instagram, Google would need to shed portions of its business like Pixel phones, Google Maps and Calendar, and Amazon might lose the high-profit division Amazon Web Services, which provides back end Internet services to companies like Netflix and SmugMug.

Tech's biggest CEOs agree to appear at House antitrust hearing

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The big omission in the statement from Rep. David Cicilline D-RI, the chairman of the House Judiciary's subcommittee on antitrust: yes, break up Facebook, Google and Amazon, but no mention of having Cook start to tear apart Apple.

Like we said, the former Alabama native clearly had the best week in tech.

a large crowd of people standing in front of a store: Huge crowds descend upon CES. © Jefferson Graham Huge crowds descend upon CES.

In other tech news this week

CES, the largest North American trade show, will not put on a physical show in 2021, instead bringing CES online, due to the pandemic. The organization that puts on CES, the Consumer Technology Association, vows to be back in Las Vegas for January, 2022.

Apple's next iPhones won't be out in September, as usual, but delayed "several" weeks, according to the company. Analysts expect to see the new phones in early October.

CBS All Access added programming from parent company Viacom this week, as it looks to expand beyond its pure CBS focus. Now, shows from BET, Nickelodeon, MTV and others are in the mix, and CBS will change its name in early 2021.

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Follow USA TODAY's Jefferson Graham (@jeffersongraham) on Twitter

This article originally appeared on USA TODAY: Apple's Tim Cook had the best week in tech

Big tech CEOs release opening statements before antitrust hearing .
The big tech antitrust hearing with the House Judiciary Committee is set to occur tomorrow, July 29th at 12PM ET. But all four CEOs -- Jeff Bezos of Amazon, Sundar Pichai of Google, Tim Cook of Apple, Mark Zuckerberg of Facebook -- have released their opening statements early. In all of them, the CEOs attempted to make the case that as successful as their companies are, they do not represent a monopolistic force in the industry. It will be Bezos’s first time testifying before the House.

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