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The Latest Breaking News from Tim Cook

He earned $3.10 an hour as a valet parker. Now he’s worth $11.1 billion and runs a trillion-dollar firm

Marc Rowan went from earning $3.10 an hour as a valet parker and taking other ordinary jobs to becoming the CEO of Apollo, a trillion-dollar asset management firm, with an estimated net worth of $11.1 billion.

The Economic Times

Apple may scrap its all-glass iPhone. Wall Street hasn't been this alarmed since Steve Jobs' death

Investment firm Jefferies on Monday downgraded Apple from hold to underperform, cutting its price target from $285.56 to $263.66.

Fortune

Premier pens deal with ChatGPT developer on US trip

South Australia has inked an agreement with the developer of the world's most popular artificial intelligence chatbot, ChatGPT.

AAP

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Labor open to ‘sensible amendments’ on gambling reforms, minister says – as it happened

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The Guardian - AU

Tim Cook Says There’s ‘No Better Person’ to Take Over at Apple – Here’s What AAPL Investors Need to Know About the CEO Transition

Company veteran John Ternus, who also worked under Steve Jobs, will succeed Cook this September. This is what’s at stake for the incoming executive.

Barchart

It's like, 'Wait a minute, are you, wait, is that Jimothy?' The inside story of how the viral raccoon climbed inside Roku City

Jimothy Raccoon, the squat, viral Seattle-based mammal, is now immortalized inside Roku City. Here's how that happened

TechRadar

Top Quote of the Day by Jensen Huang, Tim Cook and Jeff Bezos: What do the world's most influential business leaders understand about lasting success? Timeless life lessons on leadership, innovation, discipline, resilience, decision-making, long-term thinking, personal growth, and ambition

Today's Top Quote of the Day by Jensen Huang, Tim Cook and Jeff Bezos: In an era defined by rapid technological disruption and shifting economic paradigms, leadership is tested not by standard playbooks, but by foundational philosophy. Few figures exert as profound an impact on modern commerce, technology, and global…

The Economic Times

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Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store

Just like other CEOs, Marc Rowan, the cofounder of Apollo Global Management, says “you have to take something away from” ordinary jobs.

Fortune

Apple's In-Person iPhone Launch Is Back? US Retail Staff Can Enter Event Lottery

Apple is gearing up for its September product launch, inviting US retail employees to assist via a lottery system, with expectations of unveiling a foldable iPhone.

International Business Times UK

Apple’s New CEO Is Bringing a Familiar Face Back From Retirement. The Shift Is Happening.

Apple’s incoming CEO is already making moves that could hint at the company’s next chapter post-Tim Cook’s era.

Barchart

Lessons from No 10: When the world’s most powerful CEOs enter Downing Street | Jimmy McLoughlin

When Apple chief executive Tim Cook visited No 10, he stopped to admire David Bailey’s portrait of Queen Elizabeth II. Jimmy McLoughlin, then Downing Street’s business director, gave him an impromptu tour and discovered along the way that Cook was also a fan of Netflix’s acclaimed royal drama The Crown.

The Independent UK

Apple’s India sales top $10 billion on widening retail push

Apple crossed $10 billion in annual sales in India for the first time in FY26, with revenue growing at a double-digit rate from about $9 billion a year earlier, according to a person familiar with the matter. iPhones accounted for the bulk of sales, while demand for iPads and MacBooks…

The Economic Times

Apple’s new CEO taps retired hardware executive for management team

Incoming Apple CEO John Ternus is building his new leadership team. He has hired Laura Legros, a former hardware engineering vice president. Legros will report to Ternus after he assumes the CEO role. This move signals Ternus is shaping the company's executive ranks. Several other senior executives are also nearing…

The Economic Times

CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’

Experts say shortages are forcing companies to explore Chinese chip supplies, yet adoption is still likely to be selective and politically contested.

Fortune

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Benzinga

Consumer Tech (July 27-31): AI Boom Drives Tech Earnings As Apple, Amazon Lead Markets & More

Senators from across the aisle have reportedly sent a letter to Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, urging the company to refrain from using memory chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Corp (YMTC) in its devices, even if the products are meant solely for the Chinese…

The Economic Times

Apple set to lose nearly $500 billion in value after weak forecast

Apple shares dropped significantly after a weak forecast indicated component shortages. The AI boom is straining global supply chains, impacting chip availability for major tech firms. This situation threatens to shrink both the personal computer and smartphone markets this year. Apple's services business also showed weakness, worrying investors about future…

Kiplinger

Stocks Rise on Big Amazon Earnings Beat: Stock Market Today

But yields on the 10-year and 30-year Treasuries hit their highest levels since 2007 Friday, which kept a lid on the stock market's advance.

International Business Times

Apple Plans To Launch An AI-Powered Siri. But Some People Might Have To Pay For It.

As Apple prepares to launch an AI-powered Siri sometime this fall, the company also is considering whether it should charge for access for people who use it a lot.

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The Economic Times

Apple shares tumble 9% on supply worries, on track for worst single-day fall in over 6 years

Apple shares plunged over 9% after the iPhone maker issued a weaker-than-expected outlook, warning that AI-driven component shortages are straining global supply chains. The stock is on track for its worst one-day fall in more than six years, putting nearly $500 billion in market value at risk and lifting Nvidia's…

Tom’s Hardware

Apple CEO Tim Cook says the company is fighting 'a hundred-year flood' on memory pricing — expects to pay even more for memory in September following recent price hikes

Apple will pay even more for memory in the September quarter than it did in the June quarter, CEO Tim Cook told analysts on the company's earnings call.

Benzinga

Apple’s Worst Day Since March 2020: A ‘100-Year Flood’ Triggered It

Apple Inc. (NASDAQ:AAPL) reported the best June quarter in its history on Thursday, but shares still plummeted early Friday.

Benzinga

Trump’s Illegal Tariffs Delivered 85% of Apple’s Earnings Beat

Apple Inc (NASDAQ:AAPL) beat analyst estimates for both revenue and earnings per share for a 15th straight quarter on Thursday. Investors may be surprised to learn how much of an impact tariff refunds had on the earnings beat.

Fortune

Apple shows that AI winners don't have to build the biggest models

A Fortune analysis looks at Apple's strategy of skipping the AI infrastructure arms race.

The Independent UK

Apple is running out of iPhones, company warns in latest results

Prices have already risen across products in response to chip crisis

The Economic Times

Apple posts record June quarter revenue of $109.4 billion; flags higher memory chip prices as pressure point

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and…

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