Good Contents Are Everywhere, But Here, We Deliver The Best of The Best.Please Hold on!
Economy
  • Apple is once again the most valuable public company.
Apple, Amazon, and Microsoft have been in a tight race for the top spot since late last year.
Apple’s show of strength in its services business in its latest earnings report has helped its stock price recover, while Amazon and Microsoft disappointed on their most recent reports.
 
CEO, Apple, Tim cook, Brendan McDermid
Brendan McDermid | Reuters
Tim Cook, CEO, Apple

Apple has reclaimed the title of the most valuable public company in the world.

The company surpassed Microsoft and Amazon Wednesday with a market capitalization of $821.59 billion. Microsoft ended the trading day with a market value of $813.48 billion and Amazon ended the day with a market value of $805.70 billion. The three companies have been in a tight race for the top spot since late last year, with Microsoft ending 2018 on top and Amazon briefly stealing the crown.

But the recent earnings season has swung the pendulum back in Apple’s favor. Apple suffered a steep loss in market value in early January after warning investors to expect weak revenue for its first quarter 2019. In the three months leading up to the warning, investors already anticipated the revenue drop and Apple’s market cap bled $452 billion.

 

Apple’s warning tempered expectations so effectively that its actual earnings report was well-received. The stock soared nearly 7 percent the day after Apple’s report, where it proved strong services margins even as its iPhone revenue was down 15 percent.

Amazon and Microsoft’s earnings reports, on the other hand, under-delivered compared to analysts’ expectations. Microsoft fell as much as 4 percent after missing on revenue and providing light guidance. Amazon initially rose on its earnings and revenue beat but fell sharply once executives revealed on the call with analysts that the company will ramp up investments in hiring and capital expenditure this year and noted concerns around new regulation in India. The stock even fell into bear market territory on Friday, dropping below $800 billion in market value.

Thanks for the article https://www.cnbc.com/2019/02/06/apple-is-once-again-the-most-valuable-public-company-in-the-world.html

 

0

Technology

Earlier this week, Apple bans Facebook from using its Enterprise Developer Certificate because the company had improperly used it to track the web-browsing habits of teenagers. Soon after this happened, Google stepped out to announce that it has disabled its own iPhone app — Screenwise Meter — that it had paid some users to install to study their digital habits.

Google said, “…this was a mistake, and we apologize”, and probably thought it would get away with that. However, as reported by The Verge, Apple has blocked Google’s ability to distribute its internal iOS apps. Apparently, early versions of Google Maps, Hangouts, Gmail, and other pre-release beta apps, along with some employee-only apps like a Gbus app for transportation and Google’s internal cafe app, have all stopped working.

Representational image. Image: Reuters.

“We’re working with Apple to fix a temporary disruption to some of our corporate iOS apps, which we expect will be resolved soon,” a Google spokesperson told The Verge.

Interestingly though, Apple too seems to be “closely” working with Google to find a fix to this, according to what an Apple representative told BuzzFeed.

Hey google booth and a man walking through light rain

Apple offers what are known as certificates that let businesses have deep controls over iPhones, with the potential to remotely install apps, monitor app usage, and access, and delete data owned by a business on an iPhone. Apple designed the program for organisations whose staff use iPhones for official duties when privacy needs are different from phones for personal use.

However, Apple took this bold move this week, because both Facebook and Google were found to be misusing these certificates to track their users’ mobile and web activity.

According to a recent update though, Apple has reactivated Facebook’s employee apps.

Thank You for the article https://www.firstpost.com/tech/news-analysis/apple-has-now-blocked-googles-ability-to-distribute-its-internal-ios-apps-6004031.html

0

Technology
Business Insider has published updates on Tim Cook’s net worth and news are exciting.

✔ Tim Cook, the CEO of Apple, has an estimated net worth of $625 million, but he’s not a typical tech giant executive
✔ Cook’s net worth is lower than many of his tech CEO peers and he doesn’t lead a lavish lifestyle
✔ His leadership at Apple led to a shift in philanthropic giving. 

Tim Cook is worth an estimated $625 million. As the CEO of Apple, he’s the first openly gay CEO in the Fortune 500. And in 2018, Apple became the first US company ever to be worth $1 trillion. But compared to his counterparts in the tech world, his net worth is pretty modest. Google founder and Alphabet CEO, Larry Page, is worth $53 billion. Facebook CEO, Mark Zuckerberg, is worth just under $70 billion. And Amazon CEO, Jeff Bezos is the first person in modern history to accumulate a fortune north of $100 billion
Cook doesn’t lead a lavish lifestyle and has said, “I like to be reminded of where I came from, and putting myself in modest surroundings helps me do that.”
 
The Alabama native had a humble start in life as the son of a shipyard worker and pharmacy employee.When he was promoted as Apple’s CEO in 2011, his base salary was $900,000, and has risen to $3 million in 2017. He also receives a cash incentive based on the company’s performance, which pushed his total pay for 2017 to over $12 million. But his net worth consists mainly of $622 million worth of Apple’s stock and options he has collected since becoming CEO. And $3.4 million of Nike stock options he gets as a member of Nike’s board of directors.So, how does Apple’s leader spend his fortune?
Quite different than other CEOs of tech giants. In 2012, he bought a 2,400 square foot home in Palo Alto, for $1.9 million, the median cost of a home in Palo Alto in 2018 is $3.3 million. And his frugality doesn’t stop at the housing market.
He reportedly buys his underwear at Nordstrom’s semi-annual sale.
 
But Cook does splurge when it comes to donating to good causes, a philosophy that differs from that of his predecessor, who lacked a record of public giving.
 
He encourages his employees to give and has led Apple into many philanthropic endeavors. In 2011, he instated a company-wide, nonprofit donation matching program. Over the past 10 years, Apple has contributed $130 million to help RED fight AIDS, $100 million to advance diversity in tech, through President Barack Obama’s Connected initiative, $50 million to hospitals, and more.
 
Cook practices what he preaches, too. He’s donated to civil rights efforts and in 2018, he donated more than 23,000 shares of his Apple stock, valued at just under $5 million to an undisclosed charity. He also regularly makes campaign donations.
He’s hosted fundraisers for Barack Obama and Hillary Clinton and in 2016, he donated $236,000 to the Hillary Victory Fund.
Cook’s altruism even applies to his future financial plans. He intends to use his wealth to put his nephew through college.
 
And upon his death, he plans to give away all his money to good causes. He told Fortune magazine, “You want to be the pebble in the pond that creates the ripple for change.”
 
our services homepage
0

Technology

According to the Business Insider Apple CEO Tim Cook in an interview with Axios, said that regulation was “inevitable.” Apple CEO Tim Cook says regulation is coming but plans to roll with the punches. In an interview with Axios, previewed on their site early Sunday, Cook told Mike Allen that despite his general dislike of government regulation on business, “we have to admit when the free market is not working.” In regards to user privacy, Cook said, “it hasn’t worked here.”

 

Cook was blunt in warning “I think the Congress and the administration at some point will pass something.” Previously, Cook has advocated for self-regulation, particularly around privacy issues. In the wake of the Cambridge Analytica scandal, Cook told Recode, “I think the best regulation is no regulation, is self-regulation, however, I think we’re beyond that here.” Recently, however, Cook has begun to discuss government regulation as an important aspect of the recent cultural discussion happening around user privacy.

 

In a Vice News interview, Cook said, “some level of government regulation is important.” Cook told Axios that he welcomes coming regulation in the realm of privacy, arguing pitting privacy and profits or innovation against each other was “a false choice.” Cook has shown a willingness to work with government officials, having met with President Donald Trump multiple times in 2018.

 

homepage our services

0