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News tagged ‘Steve Jobs’


Steve Jobs' wife to manage $4.6 billion trust of Disney shares





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After Steve Jobs’ death, speculations arose on what would be done with his huge estate, estimated in $7 billion. The majority of his wealth is represented by the 138 million shares of the Walt Disney Co. that were placed in trust. Jobs acquired shares in 2006 having sold Pixar to the company for $7.4 billion. Tax experts suggest that Job’s family should sell all Apple and Disney share to avoid higher taxes. According to Bloomberg, the family could save $867 million in capital gains taxes.

Noteworthy, placing shares in a trust is also a method to avoid higher taxed, though it’s not clear what type of trust was set up in this case. According to Bloomberg, Jobs moved his assets into trusts toward the end of his life.

Now the widow of Apple co-founder Steve Jobs, Laurene Powell, will manage a $4.6 billion trust. Some experts expect her to use a portion of the trust for charity and philanthropic work, as she is an active participant in the non-profit sector.




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Written by Svetlana Osipova

Saturday, November 26th, 2011. 21:48

Steve Jobs Exhibit on Display at U.S. Patent Office Museum



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Last week the U.S. Patent and Trademark Office opened an exhibition devoted to Steve Jobs. The exhibition honoring Apple’s co-founder includes 30 giant iPhone-like display panels that demonstrate the front pages from over 300 patents that bear Jobs' name as inventor or co-inventor.

“This exhibit commemorates the far-reaching impact of Steve Jobs’ entrepreneurship and innovation on our daily lives,” said Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos. “His patents and trademarks provide a striking example of the importance intellectual property plays in the global marketplace.”


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Written by Svetlana Osipova

Thursday, November 24th, 2011. 16:45

Aaron Sorkin “Strongly Considering” Writing Screenplay For Movie About Steve Jobs



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Last month rumors have it that Sony Pictures was persuading producer, playwright and screenwriter Aaron Sorkin to write the script for the movie about Steve Jobs based on authorized biography from Walter Isaacson. Sorkin has gained fame for his work on Moneyball, The West Wing,  A Few Good Men and The Social Network.


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Written by maxim

Thursday, November 24th, 2011. 14:34

UK's chief rabbi blames Apple for 'egocentric culture'



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Lord Sacks, the Chief Rabbi in the U.K., made a comment in the presence of the Queen at an interfaith reception last week about Apple and its product, noting that the company produces an “egocentric society” and that “i” in Apple's popular naming scheme is a clear indicator of such totally selfish society. He even compared the iPad with Moses' stone tablets that bore the Ten Commandments.

“The consumer society was laid down by the late Steve Jobs coming down the mountain with two tablets, iPad one and iPad two, and the result is that we now have a culture of iPod, iPhone, iTune, i, i, i," he said. “When you’re an individualist, egocentric culture and you only care about 'i’, you don’t do terribly well.”

The rabbi claimed that such egocentric society makes people unhappy. Sacks called on the devout to observe the traditional Jewish day of rest, the Shabbat, and to thank God for everything they have not to be trapped by material culture.

Nevertheless, the Queen Elizabeth II is said to be a "big fan" of Apple's products and reportedly owns two iPods and she even knighted Jobs in 2009.




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Written by Svetlana Osipova

Monday, November 21st, 2011. 17:11

Steve Jobs wanted Apple to reinvent TVs, textbooks and photography



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The famous author of Steve Jobs’ authorized biography, Walter Isaacson, has revealed in his recent interview that the passed away Apple’s co-founder had free things he wanted to reinvent: the television, textbooks and photography. The most difficult for him was television with its "complicated remote controls." Isaacson said that Jobs said he felt there was "no reason" for TVs to be so difficult to use and he claimed he had managed to “crack” the secret of a simple HDTV.

That has led to a new speculation and rumors that Apple is planning to release a television set at some point in the near future. The New York Times said last month that Apple is expected to release a TV with Siri voice recognition functionality by the year 2013.

Isaacson also noted that Jobs was interested in changing textbooks and photography. Apple has already started implementation of an iPad in schools to replace standard printed textbooks and offered to use the iPad as a device for taking pictures. Apple believes that digital textbooks are more convenient and the iPad will improve quality of pictures.




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Written by Svetlana Osipova

Monday, November 21st, 2011. 13:55

George Clooney, Noah Wyle battling to play Steve Jobs in biopic



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Last month, we reported that Sony Pictures acquired rights for a film adaptation of Steve Jobs’ biography by Walter Isaacson. When the book went on sale later that month, it became an instant hit, and is already one of the top-selling titles of 2011. Two prominent actors - George Clooney and Noah Wyle - are both rumored to be in contention for the lead role. The U.K.'s NOW Magazine has reported that Clooney, 50, is battling with the 40-year-old Wyle for the right to play the Apple co-founder. As reported, work on the film will start in 2012.

Wyle already played Steve Jobs in the 1999 movie "Pirates of Silicon Valley." The movie tells about development of the personal computer, establishment of Apple, and the rivalry between Apple and Microsoft.




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Written by Svetlana Osipova

Saturday, November 19th, 2011. 23:23

Dividend seen bringing $4B in additional investments to Apple



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Analyst Brian Marshall with International Strategy & Investment Group claims that apple may finally pay its shareholders dividends, despite the company’s long resistance. Most investors do not believe Apple will initiate a dividend policy in 2012, but if the company will, it may gain an additional $4 billion in investments.

At the moment the current Apple’s CEO Tim Cook is reorganizing the company, so he may probably make an effort to optimize capital structure and start paying dividends Apple’s shareholders. Brian Marshall believes that Apple could "easily" implement a dividend yield of 250 base points, amounting to about $2.40 per quarter.

Apple’s previous CEO, Steve Jobs, didn’t support the idea of dividend distribution and preferred to invest in strategic opportunities such as last year purchase of Siri (Apple paid about $200 million).

"We strongly believe one or more strategic opportunities will come along we're in a unique position to take advantage of," the late Apple CEO said in 2010. "We don't let the cash burn a hole in the pocket or make stupid acquisitions. We'd like to continue to keep our powder dry because we think there are one or more strategic opportunities in the future."




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Written by Svetlana Osipova

Wednesday, November 16th, 2011. 17:09

Steve Jobs Nominated for Time Magazine "Person of the Year"



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The late Apple co-founder Steve Jobs was nominated by "NBC Nightly News" anchor Brian Williams for Time Magazine "Person of the Year", so he could become the first person to be posthumously awarded the distinction.

"One guy, who changed our world, and I said to Seth Meyers [Saturday Night Live head writer] as we walked across Sixth Avenue, 'Just look with me on this one block walk at how he changed the world around us. Look at how he changed the world,'" Williams said during his nomination speech. "So may he rest in peace, Steve Jobs, and the spirit he represents, are my nominee for Person of the Year."

Nevertheless, it is quite difficult to deny that “the iPhone has changed the world as much as the Bible has.” Jobs was already nominated for Time Magazine’s “Person of the Year”, but Facebook's Mark Zuckerberg won last year. Will see who will be a winner this year. The award will be presented in December.




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Written by Svetlana Osipova

Thursday, November 10th, 2011. 15:26

Game makers say Apple, Steve Jobs have most influence on industry



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A new survey of 1,000 people working in the gaming industry that was conducted ahead of the London Games Conference 2011, has found that 26 percent of respondents consider  Steve Jobs as the most influential person in the industry, and 46 percent included him in their top five.

Steve Jobs, the iPhone’s driving force, was the ultimate independent developer -- uncompromising in his vision, with unquestionable influence, and hugely artistic and commercial results.

However, Apple’s influence on gaming industry extends beyond Jobs. 17 percent of respondents said that the iPhone is shaping the future of videogames.  53 percent of respondents included the iPhone in their list of top five most influential devices in the gaming industry.

"In just over three years the iPhone and the App Store have transformed what consumers expect of games, and how the industry makes and sells them - today, download games have come to the fore," said Michael French, editor in chief of gaming magazine MCV.




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Written by Svetlana Osipova

Saturday, November 5th, 2011. 23:17

Apple Opened Redesigned Fifth Avenue Store Cube



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Construction crews spent the last few months revamping the 32-foot glass cube, which previously consisted of 90 glass panes. The new cube features 15 larger panes of glass, and it is almost “seemless” without nearly all of the hardware, which previously held glass panes together.


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Written by maxim

Friday, November 4th, 2011. 20:50

How Apple Manages Its Supply Chain To Get A Competitive Advantage



Apple Reduces iPad

Businessweek gives an interesting view on Apple’s supply chain and how the company managed to streamline operations in it to get a competitive advantage. According to many interviews with executives at suppliers, former employees, management experts who familiar with the Apple’s operations, the company has created a closed ecosystem where it exercises full control over nearly every operation of the supply chain. Apple is known for its management of operations and much of this credit going to company’s CEO Tim Cook.


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Steve Jobs' Biography Easily Tops Best Seller Lists in Debut Week



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The Bookseller reports that Steve Jobs’ authorized biography by Walter Isaacson easily became the most popular book in the States and United Kingdom during its first week of availability. For example, in the United States the book sold 379,000 copies.

Despite being on sale for just six days in the US, Steve Jobs: The Exclusive Biography is already the 18th bestselling book of the year. It sits one place ahead of John Grisham's The Confession (Dell) and one place behind Rick Riordan's The Son of Neptune (Hyperion) in the year-to-date BookScan US bestseller list.

As we reported, Amazon had previously announced that the book was poised to become the best-selling book of 2011 despite a release late in the year. And we will probably be able to watch a film adaptation of the autobiography soon, because Sony Pictures has already acquired the movie rights to the book.




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Written by Svetlana Osipova

Thursday, November 3rd, 2011. 16:47

CEO Tim Cook looks to mold a more streamlined Apple



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Two months has already gone since the moment when Tim Cook was appointed Apple’s CEO. The Wall Street Journal decided to take a look at his management strategy and found out some differences between his style and that of Steve Jobs.

In recent weeks, Mr. Cook has tended to administrative matters that never interested Mr. Jobs, such as promotions and corporate reporting structures, according to people familiar with the matter. The new chief executive, 50 years old, has also been more communicative with employees than his predecessor, sending a variety of company-wide emails while addressing Apple employees as "Team," people close to the company said.

Cook made significant changes in Apple’s education division. As a result the division was divided into marketing and sales divisions and then reintegrated with the company's broader arms focused on those aspects of the business. Another corporate-level change is recently-announced charitable matching program that calls for Apple to match employee donations up to $10,000 per year, a change from the Jobs who was reportedly against giving money away. Cook seems to recognize quickly expertise and achievements of his employees, and ready to promote them, such as with the promotion of Eddy Cue.


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Written by Svetlana Osipova

Thursday, November 3rd, 2011. 16:07

Retail chief Ron Johnson officially leaves Apple



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In June, Ron Johnson, Apple’s senior vice president of retail, announce his transition to J.C. Penney as CEO of department store chain. Yesterday Apple removed Johnson from the list of senior executives.

After working as a key merchandising executive at Target for 15 years, Johnson was personally lured away by Apple's Steve Jobs in 2000. Having joined Apple, he became responsible for the launch and strong growth of Apple's retail store segment.

The international component of Apple's retail business will be the most crucial element going forward. The company already announced that it intends to open forty new retail stores during fiscal 2012, with 75% of those locations coming outside of the United States.

Johnson also pioneered the successful "Genius Bar" concept that has become a staple of Apple's stores - a concept that Jobs himself was initially against.

Apple has not announced Johnson's successor yet. It is believed that Johnson’s position will be taken be the current Apple vice president for retail Jerry McDougal, who served under Johnson for over ten years. But Apple seems to be still looking for the best possible candidate. After Johnson’s announcement about his departure, Apple started "actively recruiting" for a new retail chief and in August the company took its search abroad in hopes of finding a replacement.




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Written by Svetlana Osipova

Wednesday, November 2nd, 2011. 10:31

Steve Jobs' sister shares his final moments, last words



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The New York Times has published Steve Jobs’s biological sister, novelist  Mona Simpson’s eulogy. She shared her eulogy for her passed away brother, offering an intimate look at the last moments before he died, including his surprising last words.

"Even as a feminist, my whole life I’d been waiting for a man to love, who could love me. For decades, I’d thought that man would be my father. When I was 25, I met that man and he was my brother," she wrote.

Jobs and Mona didn’t know each other until they were both adults. In 1985 a lawyer contacted Simpson to inform her about her brother, but he refused to call his name.

"When I met Steve, he was a guy my age in jeans, Arab- or Jewish-looking and handsomer than Omar Sharif," she wrote.

Jobs and Simpson had a long walk. Jobs said that he was in computer business and was working on something “insanely beautiful" at that moment. Jobs wasn't ashamed of working hard even if "the results were failures." After his resignation from Apple, he was disappointed, especially when he wasn't invited to a meeting of 500 Silicon Valley leaders with the then U.S. president.


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Written by Svetlana Osipova

Monday, October 31st, 2011. 16:34