Washington: Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in US taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more.
The Senate Permanent Subcommittee on Investigations has found that Apple in 2012 alone avoided paying $9 billion in US taxes, using a strategy involving three offshore units with no discernible tax home, or "residence."
Cook, in his first congressional testimony since becoming Apple CEO in 2011, said his company is a major taxpayer, handing over nearly $6 billion in cash to the US government in 2012.
"We expect to pay even more this year," Cook said. "We pay all the taxes we owe."...
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12:12 PM, May 22, 2013
New York: Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years. Apple CEO Tim Cook also suggested that the company won't release any new products until the...
08:37 AM, Apr 24, 2013
Apple CEO Tim Cook apologised to Chinese consumers and altered its iPhone warranty policies in the country. ...
08:55 AM, Apr 02, 2013
Tim Cook could be deposed in A lawsuit against Apple over alleged price-setting in the e-book market. ...
01:43 PM, Mar 09, 2013
Apple Inc has held talks with Beats Electronics LLC, the audio technology firm co-founded by influential hip-hop producer Dr Dre and music mogul Jimmy Iovine, on a potential partnership involving Beats' planned music-streaming service, three people familiar with the situation told Reuters. ...
11:27 AM, Mar 06, 2013
Judge Lucy Koh ordered Apple CEO Tim Cook to be questioned by plaintiff attorneys for four hours. ...
02:53 PM, Jan 18, 2013
Apple has said sales in China more than doubled in 2010 and 2011 though growth has slowed in the past year. ...
01:06 PM, Jan 11, 2013
Apple Inc's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit to the firm's second-largest market in less than a year. ...
01:27 PM, Jan 09, 2013
Apple CEO Tim Cook got $4.2 million in pay for the latest fiscal year. ...
12:09 PM, Dec 28, 2012
Tim Cook has finally made it to the top at Apple Inc, but in his first full year as CEO his pay package shrank about 99 per cent. ...
12:56 AM, Dec 28, 2012
Why is Apple, the world's most valuable company, losing its lustre with investors? ...
10:06 AM, Dec 08, 2012
Apple is emerging under Tim Cook's leadership as a kinder corporate citizen. ...
06:19 PM, Dec 07, 2012
New York: The stock of Apple the world's most valuable company has now fallen more than 20 per cent - $130 billion of its market value - from its all-time high of $705.07 that it hit on September 21. That was the day the latest iPhone went on sale. The sell-off comes as Apple readies other new products for sale, including the iPad Mini. The Cupertino, California, company warned late...
12:51 PM, Nov 08, 2012
New Delhi: Apple introduced a smaller iPad, as expected, but also updated its full-sized one. It also unveiled new Mac computers, including a 13-inch version of a MacBook Pro with sharper, Retina display. With a screen measuring 7.9 inches on the diagonal, the iPad Mini is about half the size of the regular iPad. It's slightly larger than the 7-inch tablets from Amazon.com and Google The regular iPad is 9.7...
12:56 AM, Oct 24, 2012
New Delhi: Apple paid tribute to its co-founder Steve Jobs with a montage video on its home page and a message from Apple CEO Tim Cook. Steve Jobs died on October 5, 2011. The man who shaped contemporary consumer technology, battled cancer and other health issues for several years. Jobs had a rare form of pancreatic cancer. The video features a montage of images and quotes from landmark product launches...
04:45 PM, Oct 05, 2012
San Francisco: Apple Inc Chief Executive Tim Cook apologised Friday to customers frustrated with glaring errors in its new Maps service and, in an unusual move for the consumer giant, directed them to rival services such as Google Inc's Maps instead. The rare apology follows Apple's launch of its own mapping service earlier this month, when it began selling the iPhone 5 and rolled out iOS 6, the highly anticipated...
01:57 PM, Sep 29, 2012
New York: Apple CEO Tim Cook apologised for the company's error-ridden new mobile mapping service that was launched in iOS 6, the latest version of its mobile operating system. Cook pledged to improve the application and, in an unusual mea culpa, invited frustrated consumers to turn to the competition. In a letter posted online on Friday, Cook said Apple "fell short" of its own expectations. Full text of Apple CEO...
12:52 PM, Sep 29, 2012
New York: Apple CEO Tim Cook apologised on Friday for the company's error-ridden new mobile mapping service, pledging to improve the application installed on tens of millions of smartphones and, in an unusual mea culpa, inviting frustrated consumers to turn to the competition. In a letter posted online Friday, Cook said Apple "fell short" of its own expectations. "Everything we do at Apple is aimed at making our products the...
01:42 AM, Sep 29, 2012
New Delhi: Apple sold out of its latest smartphone, with more than 5 million iPhone 5 sales in the three days after it hit stores, Apple said in a press release on Monday. That number blasted past sales of the iPhone 4S. When Apple introduced it in October 2011, it sold more than 4 million units in its first weekend. With the iPhone 5, Apple said that while the majority...
07:10 PM, Sep 24, 2012
San Francisco: Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter phone prompted a rush on Wall Street to raise price targets for Apple stock, but the optimism was not because of a big technological advance or design breakthrough; the "wow" factor that was...
11:09 AM, Sep 23, 2012
