Tim Cook says keeping Apple’s secrets are ‘the bane my existence’

When you’re a company the size of Apple and under the scrutiny that Apple is, keeping secrets is hard. That’s what Tim Cook told investors during Tuesday’s annual investors meeting, during which he described how, “keeping stuff confidential is the bane of my existence.” In other words, with the exception of the visitor’s center, you […]

(via Cult of Mac – Tech and culture through an Apple lens)

Cult of Mac

Tim Cook says Apple’s wearables business is almost as big as a Fortune 300 company

Apple Watch

Steve Jobs used to make fun of Amazon for not releasing specific sales figures for devices like the Kindle, which is somewhat comical given that Apple over the past few years has refused to divulge how many Apple Watch units the company sells every quarter. As for the reasoning behind Apple’s decision, the company’s initial explanation was that it didn’t want to provide competitors with any strategic information about its brand new wearable. Even if you buy that argument, it doesn’t really hold weight anymore given that the Apple Watch has now been around for nearly three years.

That notwithstanding, Apple certainly isn’t trying to mask underwhelming sales. Far from it, it seems as if the Apple Watch continues to grow in popularity with each passing year. Most recently, and thanks to the Apple Watch Series 3, cumulative Apple Watch sales have exploded in recent months. As Tim Cook explained during the company’s recent earnings conference call, Apple Watch sales during the recent holiday quarter were higher than they’ve ever been.

Shedding some more light on the company’s wearables business overall, Tim Cook during today’s annual shareholders meeting said that revenue from Apple wearables (which includes the Apple Watch, AirPods, and Beats headphones) is now approaching the size of a Fortune 300 company. As a reference point, Cook this past May said that revenue from Apple wearables was comparable to a Fortune 500 company.

For some additional context, consider this: revenue from Apple’s wearables is now close to surpassing revenue from the likes of companies like Netflix and eBay.

Apple – BGR

Apple’s wearables business nearly size of Fortune 300 company, CEO Tim Cook says

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Apple CEO Tim Cook provided a bit of color on the company’s wearables business during Tuesday’s shareholders meeting, saying combined Apple Watch, AirPods and Beats headphones revenue is nearing that of a Fortune 300 company.
AppleInsider – Frontpage News

Tim Cook wants to see money die

The end of money can’t come soon enough for Apple CEO Tim Cook. During Apple’s annual shareholders meeting today, Cook told investors that mobile payments like Apple Pay haven’t taken off quite as fast as hoped. However, he said he sees promising signs that the death of cash could soon be upon us. Cook told […]

(via Cult of Mac – Tech and culture through an Apple lens)

Cult of Mac

Tim Cook talks succession, dividend distribution, and more at shareholder meeting

Tim Cook spoke at length regarding succession planning, divisent distribution, Apple Pay success, and more at Apple’s annual shareholder’s meeting today.

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