Apple’s new head of Retail: Burberry CEO Angela Ahrendts.

From a long time Apple has been looking for a head of retail and finally Apple has found one.

Its the CEO of Burberry Angela Ahrendts who will join as the Senior Vice President of Retail.

Angela Ahrendts will start working at Apple from Spring 2014 and she will not only manage retail stores but also Apple’s online stores.

Burberry Group Plc CEO Angela Ahrendts At The London Stock Exchange


Via- 9to5mac

Tim Cook on Twitter!

Apple CEO, Tim Cook, was out there at the Palo Alto retail store greeting customers who were waiting in the line to buy the new iPhone 5s/iPhone5c.

Later Tim joined twitter tim_cook and his first tweet was about his visit to the Palo Alto store.

 

 

 

Apple announce dividend and share repurchase program as its stock value lingers around 600

Apple CEO Tim Cook announced in a Conference Call today a new dividend and share repurchase program. The company announced its plan to initiate a new quarterly dividend of $2.65 per share sometime during Q4 of fiscal 2012 beginning in July. In addition to the share dividend, Cook announced a new repurchase program for up to $10 billion that will commence after three years in fiscal 2013. Apple said it hopes the new program will help neutralize “the impact of dilution from future employee equity grants and employee stock purchase programs.”

Full press release follows. Audio of the conference call here.

Apple Announces Plans to Initiate Dividend and Share Repurchase Program

 

Expects to Spend $45 Billion Over Three Years

CUPERTINO, California—March 19, 2012—Apple® today announced plans to initiate a dividend and share repurchase program commencing later this year.

Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in the fourth quarter of its fiscal 2012, which begins on July 1, 2012.

Additionally, the Company’s Board of Directors has authorized a $10 billion share repurchase program commencing in the Company’s fiscal 2013, which begins on September 30, 2012. The repurchase program is expected to be executed over three years, with the primary objective of neutralizing the impact of dilution from future employee equity grants and employee stock purchase programs.

“We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You’ll see more of all of these in the future,” said Tim Cook, Apple’s CEO. “Even with these investments, we can maintain a war chest for strategic opportunities and have plenty of cash to run our business. So we are going to initiate a dividend and share repurchase program.”

“Combining dividends, share repurchases, and cash used to net-share-settle vesting RSUs, we anticipate utilizing approximately $45 billion of domestic cash in the first three years of our programs,” said Peter Oppenheimer, Apple’s CFO. “We are extremely confident in our future and see tremendous opportunities ahead.”

Apple will provide live streaming of a conference call to discuss its plans beginning at 6:00 a.m. PDT on Monday, March 19, 2012 at www.apple.com/quicktime/qtv/call31912. The Company will not be providing an update on the current quarter nor will any topics be discussed other than cash. This webcast will also be available for replay for approximately two weeks thereafter.

This press release contains forward-looking statements including without limitation those regarding future business outlook and plans for dividends and share repurchases. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the continued availability on acceptable terms, or at all, of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; risks associated with the Company’s international operations; the Company’s reliance on third-party intellectual property and digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; the Company’s dependency on the performance of distributors, carriers and other resellers of the Company’s products; the effect that product and service quality problems could have on the Company’s sales and operating profits; the continued service and availability of key executives and employees; war, terrorism, public health issues, natural disasters, and other circumstances that could disrupt supply, delivery, or demand of products; and unfavorable results of other legal proceedings. More information on potential factors that could affect the Company’s financial results is included from time to time in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2011 and its Form 10-Q for the fiscal quarter ended December 31, 2011. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.

Eric Schmidt blabs Google Tablet coming “in the next six months”

This former Apple employee sure does blab a lot. At the opening of Google’s new offices on the former NABISCO bakery, the search engine giant’s chief executive officer told Italian newspaper Corriere della Sera that “in the next six months we plan to market a tablet of the highest quality.” Now, this either means we’ll see a Google branded tablet soon, or he just meant to say the company will be launching an extensive “marketing” push with all of its hardware partners in the next two quarters. We really don’t know for sure and unfortunately, being patient is the only dish on our plates.

Via Corriere Della Sera (translated)

Steve Jobs up, close and personal: Behind-the-scenes at NeXT (exclusive videos)

While the Steve Jobs biography by Walter Isaacson sheds light on the iconic man’s life, from his humble beginning to his silent end, it doesn’t quite cover the life and time of Jobs at NeXT. But luckily for us, videos from the series Entrepreneurs have become available online and show Steve Jobs working with his team at NeXT. The videos highlight Steve’s commendable leadership style and how he brainstormed with his team in the hour of need. Take a look:

Exclusive: Apple shares picture from Celebration of Steve Jobs’ life

A picture is indeed worth a thousand words…

Copyright © 2011 Apple Inc. All rights reserved.

As you can see in the image above, thousands flocked to celebrate Steve Jobs’ life last afternoon in an event organized by Apple. The picture shows current Apple CEO Tim Cook on stage speaking about Jobs’ impact on the world.

Needless to say, El Jobso is dearly missed by one and all.

Via  Apple

Apple planning celebration of Steve Jobs’ life – October 19, 10am PT

Apple CEO Tim Cook has sent out an internal mail to his team, informing them about Apple’s plans of holding a celebration of their inspiration founder‘s life, next Wednesday on October 19 at 10am Pacific Time. The event will take place in the outdoor amphitheater of Apple’s Infinite Loop campus in Cupertino.

Team,

Like many of you, I have experienced the saddest days of my lifetime and shed many tears during the past week. But I’ve found some comfort in the extraordinary number of tributes and condolences from people all over the world who were touched by Steve and his genius. And I’ve found comfort in both telling and listening to stories about Steve.

Although many of our hearts are still heavy, we are planning a celebration of his life for Apple employees to take time to remember the incredible things Steve achieved in his life and the many ways he made our world a better place. The celebration will be held on Wednesday, October 19, at 10 a.m. in the outdoor amphitheater on the Infinite Loop campus. We’ll have more details on AppleWeb closer to the date, including arrangements for employees outside of Cupertino.

I look forward to seeing you there.

Tim

Life After Steve Jobs…

It was a very sad and painful moment not only for me but for the entire world when it was announced earlier today that Steve Paul Jobs — an iconic man, a legendary person, a visionary CEO, and co-founder of Apple, has passed away at the age of 56 fighting a long, hard battle with cancer. He passed away peacefully, surrounded by his family while he breathed his last. Here’s are some of the world’s biggies paying their last tribute to the golden man

Apple’s website:

Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.

Apple’s Board of Directors (via AllThingsD):

We are deeply saddened to announce that Steve Jobs passed away today.

Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve.

His greatest love was for his wife, Laurene, and his family. Our hearts go out to them and to all who were touched by his extraordinary gifts.

Steve Jobs’ family:

Steve died peacefully today surrounded by his family.

In his public life, Steve was known as a visionary; in his private life, he cherished his family. We are thankful to the many people who have shared their wishes and prayers during the last year of Steve’s illness; a website will be provided for those who wish to offer tributes and memories.

We are grateful for the support and kindness of those who share our feelings for Steve. We know many of you will mourn with us, and we ask that you respect our privacy during our time of grief.

CEO Tim Cook just issued the memo below internally to the company:

Team,

I have some very sad news to share with all of you. Steve passed away earlier today.

Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.

We are planning a celebration of Steve’s extraordinary life for Apple employees that will take place soon. If you would like to share your thoughts, memories and condolences in the interim, you can simply email rememberingsteve@apple.com. No words can adequately express our sadness at Steve’s death or our gratitude for the opportunity to work with him. We will honor his memory by dedicating ourselves to continuing the work he loved so much.

Tim

Bill Gates (via AllThingsD):

I’m truly saddened to learn of Steve Jobs’ death. Melinda and I extend our sincere condolences to his family and friends, and to everyone Steve has touched through his work.

Steve and I first met nearly 30 years ago, and have been colleagues, competitors and friends over the course of more than half our lives.

The world rarely sees someone who has had the profound impact Steve has had, the effects of which will be felt for many generations to come.

For those of us lucky enough to get to work with him, it’s been an insanely great honor. I will miss Steve immensely.

Google’s Sergey Brin just posted this statement on Google+:

From the earliest days of Google, whenever Larry and I sought inspiration for vision and leadership, we needed to look no farther than Cupertino. Steve, your passion for excellence is felt by anyone who has ever touched an Apple product (including the macbook I am writing this on right now). And I have witnessed it in person the few times we have met.

On behalf of all of us at Google and more broadly in technology, you will be missed very much. My condolences to family, friends, and colleagues at Apple.

Mark Zuckerberg posted this:

Steve, thank you for being a mentor and a friend. Thanks for showing that what you build can change the world. I will miss you.

Disney CEO Bob Iger:

Steve Jobs was a great friend as well as a trusted advisor. His legacy will extend far beyond the products he created or the businesses he built. It will be the millions of people he inspired, the lives he changed, and the culture he defined. Steve was such an “original,” with a thoroughly creative, imaginative mind that defined an era. Despite all he accomplished, it feels like he was just getting started. With his passing the world has lost a rare original, Disney has lost a member of our family, and I have lost a great friend. Our thoughts and prayers are with his wife Laurene and his children during this difficult time.

President Barack Obama via The White House Blog:

Michelle and I are saddened to learn of the passing of Steve Jobs. Steve was among the greatest of American innovators – brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it.

By building one of the planet’s most successful companies from his garage, he exemplified the spirit of American ingenuity. By making computers personal and putting the internet in our pockets, he made the information revolution not only accessible, but intuitive and fun. And by turning his talents to storytelling, he has brought joy to millions of children and grownups alike. Steve was fond of saying that he lived every day like it was his last. Because he did, he transformed our lives, redefined entire industries, and achieved one of the rarest feats in human history: he changed the way each of us sees the world.

The world has lost a visionary. And there may be no greater tribute to Steve’s success than the fact that much of the world learned of his passing on a device he invented. Michelle and I send our thoughts and prayers to Steve’s wife Laurene, his family, and all those who loved him.

Don’t think there will be a single person in the world who won’t miss him. Our hearts go out to his family, friends and colleagues. May his soul Rest In Peace.

Debate: Will the next iPhone come in a 64GB variation?

As Apple gears up to launch the next iPhone — iPhone 4S / iPhone 5 — in their October 4 event on Tuesday, many rumors are pointing to a 64GB iPhone’s release. Currently, the iPhone sells at 8GB, 16GB and 32GB variations. And if we’re to believe the rumors, the 8GB version will be scrapped in favor of the 64GB capacity iPhone. But will Apple really go for the 64GB variant of the iPhone?

Consider this: Apple has always said that the iPhone is still just a phone at the end of the day and to do more high-end operations on it, you need a different device altogether. This gave birth to the iPad which, as expected, came in 16-, 32- and 64-gig variants. Based on this theory, it doesn’t make sense that Apple would scrap the 8GB iPhone and go for a 64GB iPhone because then both the iPhone and iPad will come in similar capacities. Apple wants to distinguish between its products in more than just one way. The storage capacity is one of the criteria.

To conclude, there will be NO 64GB variant of the iPho.. uh oh! Wait a second. There’s another side to this story…

As far as the rumors are concerned, there will be not one, but two different iPhones that will be unveiled by Apple on Tuesday — both iPhone 4S and 5. According to the rumors, the 4S will be a low-end device, similar to the iPhone 4. Apple will come out with this low-key device to compete with the cheap Android phones available in the market. The iPhone 5, on the other hand, will be a complete redesign and will be faster, thinner and more better than the iPhone 4. This will be Apple’s high-end device and the next generation iPhone in the true sense.

Now, based on the above, doesn’t it make sense that the low-end 4S will come in an 8GB avatar whereas the high-end 5, in all probability, will avail in a 64GB variety to satisfy some core users? On account of this, it is safe to say that there will be a 64GB iPhone.

Conclusion

Every coin has two sides to it. While it may make sense that there will be no 64GB iPhone, it is totally illogical to rule out the possibility of having one. I guess we’ll have to wait till Tuesday for our questions to get answered.

What is your verdict on this: Do you think Apple will unveil a 64GB iPhone variant this Tuesday? And if it does, will you buy one?

Tim Cook — Behind the Scenes (Exclusive Video)

As Apple’s new CEO Tim Cook gears up for his first public appearance in that post, to unveil some new things on October 4, we’ve got our hands on an exclusive video on Apple’s Chief Executive Officer, showing what really his employees feel about him. Head past the break for the visual.

HP sack Leo Apotheker; Meg Whitman is new CEO and President

And.. another one bites the dust. A little over 2 weeks ago we saw Carol Bratz fired as Yahoo CEO and today it was Leo Apotheker’s chance to get the boot from HP.  He has been replaced by former eBay CEO and one time candidate for California governor, Meg Whitman.

Whitman’s appointment comes  at a crucial and somewhat difficult time for the company — their stock price has plummeted 47 percent, their $1.2 billion mobile OS floundered and they are considering spinning off their PC business. But she’s no pushover, as can be seen from the fact that she was an integral part in growing eBay from a startup with just a couple of dozen staff members to one of the most popular destinations on the internet.

Whitman said, “I am honored and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world.” The company also announced today that Ray Lane is moving from a non-executive chairman role to executive chairman of the board of directors, and that the board intends to appoint a lead independent director “promptly.”

Press release follows…

HP Names Meg Whitman President and Chief Executive Officer

Ray Lane appointed executive chairman; Léo Apotheker steps down as president, chief executive officer and director

PALO ALTO, Calif.–(BUSINESS WIRE)–HP (NYSE: HPQ) today announced that its board of directors has appointed Meg Whitman as president and chief executive officer.

“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP”

In addition, Ray Lane has moved from non-executive chairman to executive chairman of the board of directors, and the board intends to appoint a lead independent director promptly. These leadership appointments are effective immediately and follow the decision that Léo Apotheker step down as president and chief executive officer and resign as a director of the company.

“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” said Lane. “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities. Furthermore, as a member of HP’s board of directors for the past eight months, Meg has a solid understanding of our products and markets.”

Whitman said, “I am honored and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world.”

Speaking on behalf of the board, Lane said, “We very much appreciate Léo’s efforts and his service to HP since his appointment last year. The board believes that the job of the HP CEO now requires additional attributes to successfully execute on the company’s strategy. Meg Whitman has the right operational and communication skills and leadership abilities to deliver improved execution and financial performance.”

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2011 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.

Via Engadget

Confirmed: Ice Cream Sandwich-equipped Adam tablet coming early November

Remember iPad’s biggest competitor yet, the Adam tablet PC from India? The device has been confirmed to arrive early November and will ship with Google’s latest version of Android OS, Ice Cream Sandwich on board, confirmed Notion Ink CEO, Rohan Shravan. This fits well with Eric Schmidt’s claim that Ice Cream Sandwich will be launching sometime in October.

Via Notion Ink