Cook didn't rule out the possibility of price increases in his interview with CNBC nor on Apple's earnings call.Ĭook also said he expects supply chain constraints, which are contributing to inflation, to ease for Apple in the coming months.
Inflation hasn't hurt Apple's business, which reported rising gross margins in the December quarter, and Apple hasn't raised prices in response to inflation in the United States.
"I would hope that at least a portion of that is transitory, but the world has changed and we'll see," Cook said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower I’ve always looked at Apple as one big family and I encourage you to reach out to your co-workers if they are feeling anxious.Best Debt Consolidation Loans for Bad Credit Our company is open to all, and we celebrate the diversity of our team here in the United States and around the world - regardless of what they look like, where they come from, how they worship or who they love. Our products connect people everywhere, and they provide the tools for our customers to do great things to improve their lives and the world at large. While there is discussion today about uncertainties ahead, you can be confident that Apple’s North Star hasn’t changed. If you can’t walk, then crawl, but whatever you do you have to keep moving forward.” This advice is timeless, and a reminder that we only do great work and improve the world by moving forward. said 50 years ago: “If you can’t fly, then run. Regardless of which candidate each of us supported as individuals, the only way to move forward is to move forward together. We have a very diverse team of employees, including supporters of each of the candidates. In a political contest where the candidates were so different and each received a similar number of popular votes, it’s inevitable that the aftermath leaves many of you with strong feelings. I’ve heard from many of you today about the presidential election. Note that he didn’t reference Trump by name, nor his comments about Apple: “Our company is open to all, and we celebrate the diversity of our team here in the United States and around the world - regardless of what they look like, where they come from, how they worship or who they love,” he added. “Regardless of which candidate each of us supported as individuals, the only way to move forward is to move forward together,” Cook said in the memo. population, and that includes Apple’s own staff, which numbers some 76,000 direct hires in the country. The campaign itself has created divides and tensions among the U.S. company - that has been shaken by the election result. “Our products connect people everywhere, and they provide the tools for our customers to do great things to improve their lives and the world at large,” the Apple CEO added.īut it isn’t just the future of Apple - or any other U.S. In response to that uncertainty, Cook told employees in a company-wide memo - reported by BuzzFeed - to “be confident that Apple’s North Star hasn’t changed.” While it remains unclear if these comments form part of the President-elect’s policy on technology and business, the fact that he will enter the White House in January will be of concern to many at Apple. election win by reassuring them that the company will “move forward together” despite political divisions and tension.Īs part of his campaign, Trump indicated his desire for Apple to manufacture its products in the U.S., rather than China and other parts of the world. Tim Cook has rallied staff at Apple following Donald Trump’s historic and controversial U.S.
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