Posts tagged as: tim cook

Apple, Foxconn set new standard for China work conditions

(Reuters) – Apple Inc and its main contract manufacturing Foxconn agreed to tackle violations of conditions among the 1.2 million workers assembling iPhones and iPads in a landmark decision that could change the way Western companies do business inChina.   Taiwan’s Foxconn Technology Group, whose subsidiary Hon Hai Precision Industry assembles Apple devices in factories […]

Apple CEO visits Foxconn’s iPhone plant in China

(Reuters) – Apple Inc’s Tim Cook, on his first trip toChina as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices. China is the world’s largest mobile market and already Apple’s second-biggest market overall, but its growth there is clouded by […]

Apple rewards investors with dividend, share buyback

(Reuters) – Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years. The world’s most valuable company will start paying its first dividends since 1995 […]

Apple agrees to labour law infringements at its Chinese vendors; hires FLA to conduct independent audits – Part 1

Corporate sector has always been target for the infringement of fair labour laws and truth be told, companies have their fair share in scandals like propagating sweatshops and labour abuse. Since the dawn of the concept, free trade, corporations have outsourced their operations to countries where the labour is cheap and the material is inexpensive. […]

Apple agrees to labour law infringements at its Chinese vendors; hires FLA to conduct independent audits – Part 2

Despite the release of a slew of reports and articles regarding the Chinese vendors, Apple’s share price remained unaffected and even soared up to $500 apiece in the recent weeks. Eric Dezenhall, who runs a crisis communications firm in Washington, D.C., says the company has what he calls the “Apple Immunity,” said Dezenhall. “Apple consistently […]

Apple agrees to labour law infringements at its Chinese vendors; hires FLA to conduct independent audits – Part 3

However, Apple’s timely response has been appreciated by many, especially CEO Tim Cook responded aptly to the issue. Recently the CEO issued a letter to all Apple employees today, saying: “We care about every worker in our worldwide supply chain.” The email goes on:  “We are attacking problems aggressively with the help of the world’s […]

Apple agrees to labour law infringements at its Chinese vendors; hires FLA to conduct independent audits – Part 3

However, Apple’s timely response has been appreciated by many, especially CEO Tim Cook responded aptly to the issue. Recently the CEO issued a letter to all Apple employees today, saying: “We care about every worker in our worldwide supply chain.” The email goes on:  “We are attacking problems aggressively with the help of the world’s […]

Apple hits record iPhones and iPads sales

Apple’s products expectations were always high but without the figure of Steve Jobs, analysts have had doubts about whether Apple would exceed sales or not. But Apple has returned to destroy all the odds as they ended the first quarter of the fiscal year on a high with 117% rise in profit, up to 13.061 […]

Apple’s October-December quarter sales results are expected on Tuesday, 24 January

Apple has been in a drive uptown since Tim Cook took to the helm of the company in August, 2011. Apple saw its fair share of ordeal last year; the stepping down of Co-founder Steve Jobs in the summers and then his mournful departure from this world. However, the company survived these catastrophes both in […]

Apple announced Arthur Levinson as the new Chairman of Board of Directors

Apple, Inc. announced on Tuesday that Genentech, Inc.’s Arthur Levinson will chair their board of directors at Cupertino, California. The Chairman’s position was vacant since Steve Jobs passed away on October 5. Jobs resigned from the position of Chief Executive Officer in August due to health concerns, handing out the responsibility to Tim Cook, but […]

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