Editor's note, March 16, 2012: "This American Life" announced today that it's retracting a story it did recently about working conditions at Foxconn that included an interview with Mike Daisey as well as an excerpt from his monologue "The Agony and the Ecstasy of Steve Jobs." It said it was doing so because of "numerous fabrications" it found. CNET's Josh Lowensohn has the latest story here. CNET has contacted Mike Daisey for clarification and to expand on the statement he posted to his Web site today, but he has not yet … Read more
Apple has tapped security expert and author David Rice to be its director of global security, several sources have confirmed to me. He's expected to start at Apple in March.
Apple hasn't returned calls seeking comment.
There's no word yet about what precisely Rice's job will entail, and knowing secrecy-obsessed Apple, there likely won't be. But it's not hard to make a reasonable guess.
With iPhones and iPads penetrating the enterprise in ever more impressive numbers, companies want to know they're secure.
Apple has been accused by a coalition of 36 Chinese environmental groups of ignoring hazardous and unhealthy conditions at the factories in China where its components are assembled.
Released yesterday by the Institute of Environmental and Public Affairs (IPE), the report "The Other Side of Apple" ranked the iPhone maker dead last among 29 other tech companies for their responsiveness to health and environmental concerns in China.
Specifically, the report claims that Apple ignored concerns at Wintek, a factory that makes touch screens for the iPhone and iPad as well as components for other companies. Wintek came under … Read more
For every George Seifert there's a Sammy Hagar: making the change from an iconic leader to even a well-groomed successor can be very tricky.
The tech industry doesn't have a whole lot in common with the San Francisco 49ers or Van Halen, both of which were forced to integrate new leaders into their organizations following the departure of dynamic leaders (Bill Walsh and David Lee Roth) who put their respective groups on the map. But the tech industry is relatively young and hasn't often been forced to confront the tricky question of how to replace an iconic … Read more
The two questions on the mind of anyone who follows Apple are "When is Steve coming back?" and "What happens if he doesn't?"
Yet on the earnings call with financial analysts today, no one asked any direct question about Jobs' medical leave announced yesterday or a possible future without him. However, Apple COO Tim Cook--the company's de facto leader in Jobs' absence--anticipated both questions.
He turned his response to an analyst's question about Apple's timeline for planning future products into an subtle assurance that Apple is a well-run company at the top … Read more
In a display of perfect timing, Apple blew past analyst expectations in reporting the best financial performance in its history today.
Apple reported revenue of $26.74 billion and profits of $6 billion, or $6.43 per share. Revenue was up 71 percent from a year ago, and earnings were up 78 percent. Analysts were expecting revenue of $24.38 billion and earnings per share of $5.38.
The company's gross margins dipped slightly to 38.5 percent compared with 40.9 percent a year ago, as Apple had forecast during the company's last earnings call.
The report … Read more
Apple's shares are trading lower this morning as investors start to come to grips with the news of Steve Jobs taking his second medical leave of absence in two years.
An hour and a half into morning activity on the Nasdaq exchange, Apple shares were down approximately $13 to just over $335 per share, representing a nearly 4 percent slide.
Apple released word of Jobs' medical leave early yesterday on the federal holiday honoring Martin Luther King Jr., meaning that the stock market was closed. That extra day to process the news likely softened the reaction on Wall Street … Read more
Though Steve Jobs' presence at Apple is almost universally regarded as essential to the company's long run of amazing success, we've seen that--in small doses, at least--it can do pretty well without him.
Back-to-back blowout quarters in early 2009, a successful iPhone 3GS launch, and the finishing touches on a new iPhone OS,OS, and new lineup of iPods all took place while Jobs stepped away from the company for six months beginning in January 2009 to get a liver transplant.
The man credited for making Jobs' absence minimally felt was Chief Operating Officer Tim Cook.
In … Read more
As Apple CEO Steve Jobs takes another medical leave of absence, he again leaves the company he founded in the care of his chief operating officer, Tim Cook. So who is Cook?
A reserved and private man, Cook has been thrust into the spotlight for the third time in eight years, taking over temporarily for what many would say is the irreplaceable Jobs.
A former Compaq executive, Cook joined Apple in 1998 as a senior vice president of worldwide operations. He was promoted to chief operating officer in 2004. Before Compaq, Cook also spent 12 years at IBM, where he … Read more
Apple's Steve Jobs will be taking a medical leave of absence for the second time in two years but will remain CEO of the company, involved in strategic decision-making.
Chief Operating Officer Tim Cook will assume responsibility for the company's day-to-day operations, amid continuing investor concerns over Apple's plans for eventual transition in the corner office.
The stock market is closed today for a federal holiday. Apple is scheduled to report its first-quarter fiscal 2011 earnings tomorrow after 1 p.m. PT.
Jobs, a pancreatic cancer survivor, took a leave in the first half of 2009 to … Read more