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Business News›Magazines›Panache›Panache People 101›Tim Cook
    Tim Cook

    Tim Cook

    CEO & Board Member, Apple Inc
    Birth DetailsNovember 1, 1960 | Robertsdale, US
    NationalityAmerican
    LeagueBusiness Leader
    EducationIndustrial Engineering, Auburn University; MBA, Duke University
    Tim Cook's Assets
    • Stake in Apple Inc

    Tim Cook's Journey so far...
    • Brought up in a small town in Alabama, Tim Cook joined IBM right after finishing graduate school in 1982
    • After a 12-year stint, he left IBM as the director of North American Fulfilment. He was in charge of the company’s personal computer division and oversaw its manufacturing and distribution functions for North and Latin America
    • For his next job, Cook joined Intelligent Electronics in 1994 as the COO (chief operating officer) of their reseller division
    • In 1997, he joined Compaq as the vice-president of Corporate Materials
    • After a short stint at Compaq, Cook joined Apple in 1998 as the senior vice-president of worldwide operations
    • He joined Apple at a time when its future seemed gloomy and Steve Jobs had returned to the company after more than a decade. In the times that followed, while Apple was creating some of the most revolutionary electronic products that the world would see, Cook was busy restructuring its manufacturing and supply chain operations
    • Soon after Cook joined, Apple had started turning in profits
    • In 2000, Cook was made the senior vice-president of worldwide operations, sales, service and support
    • Two years later, he became Apple’s executive vice-president for worldwide sales and operation
    • In 2004, when Jobs had to take a leave of absence for the treatment of pancreatic cancer, Cook was put in charge of the Macintosh team and named interim CEO
    • Jobs returned the following year and Cook was then made the COO of the company
    • He also joined the board of Nike in 2005
    • He was again made interim CEO in 2009 when Jobs went on leave to get a liver transplant
    • In August 2011, Cook succeeded Jobs as the CEO of Apple after the latter resigned and became chairman of the board
    • Since then Apple has come a long way under Cook’s leadership. According to recent data, Apple is the world’s most valuable company with its market capitalisation nearing the $2 trillion mark and Cook is one of those few non-founder CEOs who is part of the billionaire club

    Before you go...
    • According to reports, Cook wakes up at around 4 o’clock every morning and reviews the global sales data
    • Cook, as the successor, particularly follows one of Jobs’s philosophies: “Don’t ask what I would do. Do what’s right”
    Last Updated: 12/02/2021

    Tim Cook News

    • Tim Cook is stepping down as Apple CEO. John Ternus will take over on September 1. Cook described it as a planned succession. He will remain as executive chairman. Ternus highlighted artificial intelligence as a major opportunity for Apple. Cook will focus on global government and geopolitical relationships.
    • Apple's success was built on tight control. Now, with John Ternus taking over, the company faces a challenge. The AI era thrives on openness and rapid development. Apple's traditional strengths of discipline and control could become limitations. The company must find a way to integrate AI without compromising its core values.
    • Apple Inc. enters a new phase as incoming CEO John Ternus bets on integrating AI into its ecosystem, with future growth hinging on execution in an increasingly competitive AI landscape.
    • Apple has named long-time hardware chief John Ternus as its next CEO, succeeding Tim Cook in September. Ternus, a 25-year Apple veteran who has led engineering for key products like the iPhone, iPad and Mac, will take charge as the company faces mounting pressure to strengthen its position in artificial intelligence.
    • Tim Cook's farewell letter: Apple is entering a major leadership transition as Tim Cook steps down after nearly 15 years as CEO. In his farewell letter, Cook reflected on his journey, calling his leadership an “honor and privilege” while highlighting deep connections with Apple users worldwide. John Ternus, a long-time hardware executive, will take over as CEO in September.
    • Apple shares fell after CEO Tim Cook announced transition to John Ternus, signaling shift toward product engineering and AI focus, while Cook becomes executive chairman. Markets reacted cautiously despite stable succession and Ternus’s strong internal reputation with long term outlook
    • U.S. stocks held firm Tuesday as UnitedHealth Group and other major companies reported profits exceeding analyst expectations, boosting market optimism. Oil prices remained stable amid hopes of avoiding an economic worst-case scenario with Iran, despite ongoing conflict. Retail sales also showed resilience, indicating a potentially stable U.S. economy.
    • Tim Cook, who helped make Apple one of the world’s most valuable firms, will step down as chief executive after 15 years in the role. On September 1, he will hand over the reins to John Ternus.
    • Tim Cook is stepping down as Apple CEO after fifteen years. Hardware expert John Ternus will take over. Cook's tenure saw Apple's market value soar tenfold. Net income also saw a massive increase. The company's active device base grew to over 2.5 billion. Apple's retail presence expanded significantly, especially in China. The average iPhone selling price also rose considerably.
    • Apple CEO Tim Cook is stepping down after 15 years. John Ternus will take over as CEO. Cook will become executive chairman. This leadership change comes as Apple faces industry shifts. Investors are watching closely. The company saw massive growth under Cook's leadership. This planned handover aims for continuity.
    • John Ternus assumes leadership at Apple, inheriting a robust legacy built by Tim Cook. While Apple's current business is strong, the future hinges on its AI strategy. Ternus, known for his hardware expertise, faces the critical task of navigating this evolving technological landscape and defining Apple's next era.
    • Apple is restructuring its hardware organisation by merging the engineering and technologies divisions into a unified leadership model. The company will split operations into five core areas, aiming to streamline development across key products. The move also signals major leadership changes, with expanded roles for senior executives and a clearer succession path.
    • Apple's long-serving CEO Tim Cook is transitioning to executive chairman later this year. John Ternus will assume the CEO role on September 1, 2026. This leadership change follows a planned succession. Cook's departure marks a significant moment for the tech giant. Ternus is set to continue Apple's focus on innovation and core values.
    • Apple's hardware division sees a major restructuring under new chief hardware officer Johny Srouji. The combined hardware engineering and technologies teams will now operate across five key areas: hardware engineering, silicon, advanced technologies, platform architecture, and project management. This move aims to simplify operations and boost innovation for key products like the iPhone and Apple Watch.
    • Apple CEO Tim Cook will step down after nearly 15 years, with hardware chief John Ternus taking over. Cook, 65, will transition to executive chairman on September 1. Under his leadership, Apple's market capitalization surged and revenue quadrupled, with the company now preparing for AI-driven industry changes.
    • Apple's Chief Executive Officer Tim Cook is stepping down in September. John Ternus will take over the CEO role. Cook will remain as Executive Chairman. This leadership change follows months of speculation. Apple is also preparing to launch new operating systems with AI features. The company is expected to introduce its first foldable iPhone later this year.
    • Apple Inc. has appointed John Ternus, a seasoned hardware chief, as its next CEO, succeeding Tim Cook who will transition to executive chairman. Ternus, with over two decades at Apple, has been instrumental in developing key products like the iPhone and Mac. This leadership change occurs as the tech giant navigates significant industry shifts driven by artificial intelligence advancements.
    • Apple's CEO Tim Cook is stepping down in September 2026. Veteran executive John Ternus will take over the top role. Cook will become executive chairman of the board. He joined Apple in 1998 and became CEO in 2011. Under his leadership, Apple's value grew significantly. Cook's net worth is estimated at $2.9 billion.
    • Apple has appointed John Ternus, a seasoned hardware chief, as its next CEO, succeeding Tim Cook. Ternus, who joined Apple in 2001 and has overseen key hardware innovations like the iPhone Air, will take the helm on September 1. This leadership transition occurs as the company faces industry shifts driven by artificial intelligence.
    • Apple on Monday named long-time executive John Ternus as its next chief executive officer, marking a leadership change as the company prepares for a major shift in the technology industry driven by artificial intelligence. Current CEO Tim Cook will move to the role of executive chairman after overseeing Apple’s rapid growth for more than a decade.
    • Apple stock dipped slightly after Tim Cook announced he will step down as CEO and move to a new role. John Ternus will take over leadership at the company. Investors are watching how this change will impact Apple’s future growth, products, and AI plans. The company remains strong, but the leadership shift has created short-term uncertainty in the market.
    • Apple Computer Company, founded 50 years ago, faced near collapse in 1997. Steve Jobs returned as interim CEO after being ousted years earlier. A crucial $400 million deal for NeXT's operating system and a strategic shift in products and advertising saved the company. This turnaround paved the way for Apple's current immense value.
    • Apple CEO Tim Cook has clarified he is not retiring, expressing deep love for his role. This comes as the company faces leadership shifts and prepares for significant product launches. Analysts suggest a potential transition for Apple's leadership. Behind the scenes, Apple is reportedly grooming new leaders for future roles.
    • Apple CEO Tim Cook voiced strong opposition to current US immigration policies. He shared his deep distress with employees, stating the company's success relies on global talent. Cook pledged to continue lobbying lawmakers on the critical issue. He also offered personal support to DACA recipients within Apple, emphasizing dignity and respect for all.
    • Apple CEO Tim Cook said the company had a “terrific quarter” in India for October–December 2025, setting revenue records across iPhone, Mac, iPad, and services. Sales in India grew at a “strong double-digit” pace, with Apple opening its fifth store and planning another in Mumbai.
    • Apple CEO Tim Cook, a leader known for steady guidance and smart decisions, inspires us to find joy in life's journey, not just distant goals. Under his tenure, Apple has seen significant product launches and growth in services. Cook's emphasis on values like privacy and environmental responsibility, alongside his quiet yet effective leadership, continues to shape the tech giant's future.
    • Tim Cook, Apple CEO and one of the richest tech moguls, is known for his visionary leadership, sharp skills, and wisdom. The tech billionaire in one of his quotes, says life is fragile and we don't know what tomorrow holds for us, thus urging people to do everything with full passion. He advises people to stop holding back due to fear of failure or judgment and instead invest their full energy into what matters most.
    • Apple CEO Tim Cook is known for his inspiring, encouraging and wise words to the young business leaders and individuals. In one of his quotes, Tim Cook, under whose leadership Apple saw tremendous growth, advises people not to restrict their growth due to lack of confidence or fear. His quote implies that once you accept your abilities, it helps you navigate your path and can even bring a change in this universe.
    • Tim Cook urged US lawmakers to rethink a proposed law that could force Apple to verify users’ ages, warning it would require collecting sensitive data from nearly everyone. Apple argues parents, not app stores, should handle age disclosure. The debate pits privacy concerns against growing political pressure to protect children online.
    • Apple CEO Tim Cook isn’t preparing to step down in 2026, despite a recent report suggesting an imminent transition. According to Bloomberg’s Mark Gurman, internal signs don’t point to a mid-2026 exit, even as hardware chief John Ternus remains the leading successor.
    • Football star Cristiano Ronaldo's presence at a White House dinner with President Donald Trump and Saudi Crown Prince Mohammed bin Salman has captured global attention. The Portuguese player was seated near prominent figures at the event. Trump mentioned his son Barron is a big fan of Ronaldo. The Saudi leader is visiting Washington to strengthen ties and rebuild his image.
    • Apple is unlikely to name a new CEO before its next earnings report in late January, which covers the critical holiday period, according to reports.
    • In an earnings call, Cook said that when it comes to retail, "we're heading into our busiest time of year with our best-ever lineup. In the last few months, we've opened new stores in emerging markets like India and the UAE and new locations in the US and China."
    • Apple reported its 15th consecutive quarterly revenue record in India for the September quarter, led by robust iPhone sales. CEO Tim Cook said the company achieved all-time revenue highs in India and record September-quarter sales across several markets, including the US, Japan, Korea, and South Asia.
    • The servers contain special chips that help Apple deliver AI features with the same privacy measures on its iPhones and Mac computers.
    • The strong sales followed Apple CEO Tim Cook's visit this week to promote the product in the world's largest smartphone market amid ongoing geopolitical tensions between China and the US.
    • John Ternus is the leading candidate to become Apple's next chief executive. Tim Cook will likely step down but remain as board chairman. A major leadership change is expected at Apple. Several senior executives may also depart. This includes the chief operating officer, AI chief, and head of hardware technologies.
    • A Mumbai-based financial analyst, Kshitij, narrowly escaped a fatal scuba diving accident in Pondicherry when his weight belt came loose, triggering a rapid, uncontrolled ascent. Such incidents can lead to severe decompression injuries, but the Oceanic+ app on his Apple Watch Ultra detected the abnormal ascent rate and issued immediate visual and haptic alerts, helping avert catastrophe. The app, designed for underwater safety, uses real-time sensors and color-coded alarms for risks like excessive ascent, decompression limits, and depth breaches. Grateful for the device’s lifesaving intervention, Kshitij wrote to Apple CEO Tim Cook, who personally acknowledged the story.
    • The U.S. labor board has withdrawn several allegations against Apple, including claims that CEO Tim Cook violated federal labor law by sending an email about tracking leakers. The dismissed claims also involved Apple imposing confidentiality rules, firing an employee, and surveilling workers. This retraction significantly reduces the legal challenges Apple was facing regarding employee rights.
    • Specialty glass maker Corning said Friday it plans to triple production capacity at its plant in Harrodsburg and increase the workforce there by 50%, deepening its relationship with Apple that began when the original iPhone launched in 2007. The Harrodsburg plant made the glass for those first iPhones.
    • Apple's latest product launch, featuring a thinner iPhone, updated Apple Watch, and 'improved' AirPods, is met with skepticism. Despite incremental upgrades, consumers eagerly embrace the new devices, driven by brand loyalty and the allure of the latest technology. The article suggests Apple's annual 'innovation' claims are more marketing than reality, yet the cult of Cupertino persists.
    • President Trump's tariff policies, ostensibly aimed at boosting US manufacturing, are riddled with exemptions granted based on political favor rather than objective criteria. This system, exemplified by Apple's tariff exemption in exchange for investment pledges, distorts the market and favors established corporations over innovative startups. Such actions undermine America's long-term economic dynamism by prioritizing political gains over free-market principles.
    • During his presidency, Donald Trump has received numerous gifts. These include a plaque from Apple CEO Tim Cook and a luxury jet from Qatar's royal family. Other gifts are Olympic medals, gold golf clubs from Shinzo Abe, and jewelry from Saudi King Salman. A House Committee report revealed unreported foreign gifts. The Foreign Gifts and Decorations Act governs these gifts.
    • World leaders and industry titans are vying for Donald Trump's favor through lavish gifts and gestures. Tim Cook presented a custom-engraved glass piece, while Cambodia and others nominated Trump for the Nobel Peace Prize. Some leaders, like the Swiss President, faced tariffs and struggled to gain Trump's attention, highlighting the varying success of these attempts to court the former president.
    • During a White House event highlighting Apple’s U.S. manufacturing plans, CEO Tim Cook gifted US President Donald Trump a custom glass-and-gold statue. Made by Corning and designed by a former Marine at Apple, the engraved disc features Trump’s name, a gold base from Utah, and Cook’s signature, symbolizing Apple’s American-made innovation.
    • Apple CEO Tim Cook presented President Trump with a custom-made glass box featuring a 24-karat gold base, crafted by a former U.S. Marine. Following the gift, Cook unveiled Apple's increased investment plan of $600 billion in American manufacturing over the next four years. This commitment includes using U.S.-made rare-earth magnets and expanding facilities in Texas and California.
    • Tim Cook addressed Apple employees, emphasizing the company's commitment to AI and its potential impact, comparing it to the internet and smartphones. Despite being a late entrant, Apple aims to lead in AI, investing heavily in research and development, including a new cloud-computing chip and AI server facility. Cook also highlighted upcoming product innovations and expansion into emerging markets.
    • Following the earnings call, Cook addressed employees at an internal gathering, outlining Apple’s expanding artificial intelligence (AI) strategy. He added that Apple is investing in AI “in a big way,” noting that 40% of the company’s 12,000 new hires last year joined R&D roles.
    • Apple CEO Tim Cook confirmed a significant shift in their supply chain, stating that most iPhones sold in the US are now manufactured in India. While China primarily produces for international markets, Vietnam is the main source for MacBooks, iPads, and Apple Watches.
    • Apple's fiscal third-quarter results are out. The company surpassed expectations. iPhone sales drove revenue. Services and Mac sales also set records. However, iPad and Wearables saw a decline. CEO Tim Cook is happy with the growth. Apple will pay a dividend. The company did not give guidance for the next quarter. Shares rose after the announcement.
    • Despite Samsung's advancements in foldable phone technology with the Galaxy Z Fold 7, Apple dominates the US market. Investors are concerned about Apple's slow AI adoption, but a foldable iPhone, expected next year, could trigger a significant upgrade cycle. This innovation mirrors past successes like the iPhone X and larger 'Max' models, potentially boosting revenue and subscriptions.
    • Apple has signed a $500-million deal with Pentagon-backed MP Materials for the supply of rare earth magnets, an agreement underscoring corporate America's growing alignment with U.S. industrial policy support for critical minerals projects.
    • Sabih Khan, Apple's new COO, faces the challenge of reordering the global supply chain amid geopolitical tensions and the company's AI lag. He must balance US-China relations while expanding manufacturing in India and meeting sustainability goals. Khan's success hinges on ensuring timely delivery and quality of Apple products, navigating a complex and evolving global landscape.
    • Sabih Khan, an Indian-origin executive, has been appointed as Apple’s new Chief Operating Officer (COO), succeeding Jeff Williams who will retire later this year. Khan, born in Moradabad and raised in Singapore, joined Apple in 1995 and has played a key role in building its global supply chain. He holds degrees in mechanical engineering and economics from Tufts University and a master’s from Rensselaer Polytechnic Institute.
    • Sabih Khan, born in Moradabad, has been appointed as the chief operating officer of Apple, joining the ranks of India-born executives leading global corporations. Following in the footsteps of leaders like Satya Nadella and Sundar Pichai, Khan's promotion highlights the increasing presence of Indian talent at the helm of multinational giants.
    • Apple has appointed long-time executive Sabih Khan as its new chief operating officer, succeeding Jeff Williams. Khan, with Apple since 1995, is currently the senior vice president of operations. Williams will remain at Apple until year-end, continuing oversight of the design team and Apple Watch.
    • Apple faces a class action lawsuit from shareholders alleging the company overstated its AI progress, particularly with Siri. The lawsuit claims Apple misled investors about the readiness of advanced Siri features, impacting iPhone sales and stock value. This led to significant financial losses for shareholders, with Apple's market value dropping substantially.
    • Tech conferences faced disruptions recently. At Apple's event, a protester displayed a keffiyeh. This followed a similar incident at Microsoft's 50th anniversary. A former employee, Vaniya Agrawal, criticized Microsoft's alleged role in violence in Gaza. She accused the company of aiding violence through its technology. Agrawal resigned and condemned Microsoft's ties with Israel.
    • A book reveals Apple's reliance on China. It highlights how technology transfer aided China's tech growth. The US struggles to replicate China's manufacturing ecosystem. Trump's tariffs are not the biggest threat to Apple. The real threat is Beijing. Apple is slowly moving towards India and Vietnam. But leaving China is not easy for Apple.
    • The bill, introduced by Texas State Senator Angela Paxton, requires parental permission for anyone under 18 to access apps or make in-app purchases. Apple and Google have opposed the legislation, warning that such rules could jeopardise user privacy.
    • The article satirically examines American perspectives on global economics, highlighting the perceived naturalness of acquiring Greenland versus the unease with Apple manufacturing in India. It suggests a 'Heads I win, tails you lose' mentality, referencing Trump's disapproval of Tim Cook and potential biases rooted in cultural misunderstandings.
    • Tensions escalate between Apple CEO Tim Cook and Donald Trump as Trump publicly criticizes Cook's absence from a Middle East trip and threatens tariffs on iPhones made overseas, particularly in India. This shift marks a stark contrast from their previously amicable relationship, raising concerns about Apple's future dealings with the administration amidst broader challenges for the company.
    • Apple for decades has been building most of its devices in China, where it has invested tens of billions of dollars on massive factories that rely on a vast network of local suppliers. The company's reliance on a crucial pipeline outside the US thrust the technology trendsetter into the crosshairs of Trump's trade war.
    • US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent tariff unless their devices are built in the United States. In a post on Truth Social, Trump wrote that he had "long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else."
    • Donald Trump may impose tariffs on iPhones not manufactured in America. The tariff could be at least 25%. Apple might face challenges diversifying production beyond China. India's electronics manufacturing sector could also be affected. Experts believe shifting production to the US is not feasible. Some see this as a negotiation tactic with India.
    • President Trump announced a 25% tariff on smartphones, including iPhones and Samsung devices, manufactured outside the U.S., reversing his previous stance. He criticized Apple CEO Tim Cook for producing devices abroad despite U.S. investments. Trump wants iPhones made in the U.S., expressing frustration over Apple's shift to countries like India, despite challenges in relocating the entire supply chain.
    • US President Donald Trump reiterated that Apple must manufacture iPhones sold in the US locally, and not in India or any other country, threatening the company with a 25% tariff.
    • U.S. President Donald Trump has warned Apple CEO Tim Cook that iPhones sold in the U.S. must be manufactured domestically or face a tariff of at least 25%. In a post on Truth Social, Trump said he had previously informed Cook of this expectation, criticizing Apple’s increasing manufacturing presence in India.
    • Apple's stock performance has lagged behind other tech giants, partly due to President Trump's criticisms regarding its global manufacturing. Concerns about Apple's AI competitiveness and a potential slowdown in the China market further contribute to investor caution. Political uncertainty, high valuation, and growth concerns add to the challenges, making it an under-owned mega-cap tech stock.
    • Despite Trump's preference for US-based manufacturing, Apple is moving forward with iPhone production in India. Foxconn is investing $2.56 billion in its Devanahalli plant, aiming to produce 100,000 iPhones by December. The facility will prioritize housing for its predominantly female workforce, with dorms accommodating 30,000 employees, signaling a major expansion of Apple's manufacturing footprint in India.
    • Apple is considering a significant shift in its manufacturing strategy, potentially moving up to 60-65% of iPhone production to India, depending on tariff negotiations. Despite US President Donald Trump's disapproval of expanding manufacturing in India, Apple has reassured the Indian government of its commitment to the partnership of using India as a key manufacturing hub.
    • Hon Hai Precision Industry Co., Apple's primary iPhone manufacturer, is investing $1.5 billion in its Indian unit, signaling a production shift away from China. This move aligns with Apple's strategy to diversify its manufacturing base amid geopolitical tensions and potential tariffs. The majority of iPhones made in India are assembled at Hon Hai's southern India factory.
    • Final checks for June shipments are underway at Foxconn's Karnataka plant. A senior Apple executive from Cupertino also visited the Tata Electronics unit to see preparedness before fresh launches. This new plant Devanahalli is set to emerge as the second-largest Foxconn facility, after its Chinese unit, for the manufacturing iPhones.
    • Despite US President Donald Trump urging Apple to halt manufacturing in India, the tech giant remains committed to its expansion plans. Indian officials and Apple executives confirmed investments are on track. Experts say shifting production to the US is economically unviable, while India continues to offer cost-effective manufacturing, growing exports, and jobs through Apple’s expanding supply chain.
    • Amid trade tensions, Trump has reportedly told Apple CEO Tim Cook he prefers the company manufacture in the US, not India, despite Apple's plans to diversify iPhone production there. This comes as the US and China strike a trade deal, potentially reducing the need for Apple to shift production away from China.
    • Speaking at an event with business leaders in Qatar on Thursday, Trump said he spoke to Cook about reprioritising the US. “I said I don’t want you building in India. India can take care of themselves, they are doing very well.”
    • U.S. President Donald Trump said he urged Apple CEO Tim Cook to stop expanding manufacturing in India, expressing concern during their recent conversation in Qatar. Trump stated that Apple would instead increase its production in the United States following their discussion.
    • Apple is developing brain-computer interface technology to allow users to control devices like iPhones using brain signals. Partnering with Synchron, its approach contrasts with Elon Musk’s Neuralink. While still early-stage, Apple’s move highlights its focus on accessibility, aiming to support users with severe motor impairments through innovative, non-invasive neural technology.
    • Tata Electronics increases iPhone enclosure production at its Hosur facility. The company aims to double its capacity before Apple's September product launches. This expansion follows Tata's acquisition of Pegatron Technology India and Wistron's India operations. Apple suppliers in India are expanding amid supply chain diversification. Foxconn is also increasing investments in mobile assembly in India.
    • Union Minister Jyotiraditya Scindia highlighted India's growing attractiveness for original equipment manufacturers, citing Apple's decision to source a majority of iPhones for the US market from India. He emphasized that investing in India offers affordability, reliability, and originality.
    • Nvidia came in third with a valuation of $2.76 trillion, according to The Information’s newsletter. Microsoft shares have consistently outperformed Apple’s throughout the year, reflecting growing investor confidence in its AI and cloud strategy. Meanwhile, Apple faces pressure from new tariffs, driving an 18% drop in its share price.
    • Amazon and Apple exceeded first-quarter earnings expectations, but looming tariffs cast a shadow on future performance. Apple anticipates a $900 million tariff impact, shifting production to India and Vietnam, while facing legal challenges regarding App Store policies and Google's search monopoly.
    • Apple's profit increased by 4.8% to $24.78 billion. Sales also rose by 5% to $95.36 billion. Tim Cook navigated tariff challenges. He also shifted production to India and Vietnam. iPhone sales increased in Japan, India, and the Middle East. However, sales declined in China. The company faces antitrust issues related to the App Store and Google's search engine payments.
    • Apple trimmed its share buyback by $10 billion and warned tariffs could add $900 million in costs this quarter. CEO Tim Cook outlined supply chain shifts and increased US investment. While quarterly results beat expectations, shares fell as margins face pressure and Apple braces for uncertainty in a volatile global market.
    • Apple posted strong quarterly results with $24.78 billion in profit, aided by a new low-cost iPhone and app sales. Despite tariff threats, CEO Tim Cook secured exemptions. iPhone sales rose globally but declined in China. Services revenue grew, though antitrust rulings threaten future income from app commissions and Google partnerships.
    • A new study reveals the App Store ecosystem in India facilitated substantial developer billings and sales, reaching Rs 44,447 crore in 2024. Indian developers' global earnings have tripled in five years, with most revenue accruing directly to them.
    • President Trump hinted at potential temporary tariff exemptions for the auto industry, citing the need for companies to adjust supply chains. This follows previous tariff announcements and subsequent adjustments, causing market uncertainty. Trump also mentioned assisting Apple and accused China and Vietnam of conspiring against the U.S. amid ongoing trade tensions.
    • Tech giants, including Apple, Amazon, and Meta, donated millions to Trump’s inauguration, but his administration has since imposed tariffs and tough regulations, hurting their businesses. Despite attempts to engage with Trump, the industry's market value has dropped 22%, and antitrust actions against tech companies continue under his leadership.
    • Apple faces challenges from US tariffs on Chinese exports. Tim Cook is shifting some iPhone production to India. India's tariffs are lower than China's. Apple may redirect more production to the US. Cook's relationship with Donald Trump might secure an exemption. Apple has been expanding Indian production since 2017. This aims to reduce dependence on China.
    • Apple boss Tim Cook on Wednesday praised "the next generation of developers" during a visit to a technology hub in eastern China, as the US tech giant battles to stay relevant in the country's vast consumer market. "Thrilled to meet the next generation of developers at Zhejiang University today," Cook said Wednesday in a post on Chinese social media platform Weibo that included a video of him interacting with students.
    • Apple said in a statement that it is a move aimed at expanding its clean energy capacity in China, and is part of the company's efforts to transition its supply chain to 100% renewable energy by 2030.
    • Top executives including Apple's Tim Cook, Qualcomm's Cristiano Amon, Pfizer's Albert Bourla and Saudi Aramco's Amin Nasser are attending the two-day conference. Bloomberg News earlier reported that plans were being made for corporate titans to meet Chinese President Xi Jinping on Friday, citing people familiar with the matter.
    • Apple unveiled new MacBook Air models, which runs on its AI-focused M4 chip enabling Apple Intelligence features.
    • Apple CEO Tim Cook has teased the new Macbook Air on X; the new MacBook Air is expected to feature the M4 chip. The short teaser said there is something in the air
    • Apple has announced a $500-billion investment to expand its manufacturing capacity in the US. This includes an AI-focused factory in Houston and a manufacturing academy in Detroit. The initiative, unveiled just days after CEO Tim Cook’s meeting with Donald Trump, is expected to create 20,000 jobs. Analysts view this as a strategic move to mitigate the impact of Trump’s proposed tariff hikes.
    • Apple could face significant hurdles if the Trump administration imposes reciprocal tariffs on electronics and smartphone imports from India, potentially disrupting its manufacturing investments in the country. An increase in tariffs could also affect other smartphone manufacturers and auto component exporters, challenging their business dynamics with the US.
    • Here are top 5 tech and startup stories of the day
    • President Trump is meeting with Apple's Tim Cook at the White House. Cook aims to maintain a strong relationship with Trump amidst US-China trade tensions, as Apple faces potential tariffs on Chinese-made goods. Trump has hinted at no exemptions for Apple this time, while also critiquing Apple's stance on privacy policies and law enforcement cooperation.
    • Apple iPhone SE 4 Launch Date and Price: Apple's first event of 2025 is taking place this week. It might unveil the new iPhone SE 4. The event will be streamed live on YouTube on February 19 at 10:30 PM IST. Rumors suggest the iPhone SE 4 will feature an A18 chipset, Face ID, and a single rear camera. The expected price is around $500.
    • Apple is preparing for the launch of its highly anticipated budget phone, the iPhone SE 4. The company has not officially confirmed the launch date. But industry reports and leaks suggest that the next-generation budget iPhone will be unveiled at the upcoming event. A survey ahead of the iPhone SE 4 launch also shows price is the top priority for consumers.
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