Goldman Sachs Conference


'Goldman Sachs Conference' Articles

Apple CFO Luca Maestri to Speak at 2017 Goldman Sachs Technology and Internet Conference Tomorrow

Apple CFO Luca Maestri will speak at the Goldman Sachs Technology and Internet Conference tomorrow afternoon, according to Apple's investor news site. Maestri will speak at 1:20 p.m. Pacific Time, and Apple will provide an audio webcast of the session. The Technology and Internet Conference is hosted by Goldman Sachs each year, and while Tim Cook has attended the event multiple times in the past, it will be Maestri's first time speaking at the event. As CFO, Maestri may be asked about Apple's impressive iPhone sales and return to revenue growth last quarter. Other topics could include Apple's capital return program, overseas cash, growth in emerging markets, and other finance-related topics. No major announcements have been made at the conference in the past, but Maestri's comments may offer an interesting look into Apple's business. MacRumors plans to provide coverage of the event and will share details on what Maestri has to

Apple to Open Massive $850M Solar Farm in Monterey, California

During today's Goldman Sachs conference, Apple CEO Tim Cook announced that Apple is planning its "boldest, biggest, most ambitious project," yet in the form of a 1,300 acre solar farm in Monterey County, California. The solar farm, which puts out enough power for almost 60,000 California homes, will provide enough renewable energy for Apple's new campus, every other office it has in California, all 52 stores in the state, and its data center in Newark, California. The solar farm is an $850 million project, which Cook says Apple is doing "because it's right to do." Image of Apple's North Carolina solar farm courtesy of Gigaom We know at Apple that climate change is real and our view is that the time for talk has passed and the time for action is now. We've shown that with what we do.Though highlighting the solar farm as good for the environment, Tim Cook also pointed towards the fiscal benefit of such a decision, explaining that there's a significant price difference between the fixed price of renewable energy and the price of brown energy. "We're thrilled to continue on the course of leaving the world better than we found it," said Cook. Apple has already built a series of large solar farms in North Carolina, but at $850m, the Monterey County solar farm will be its most ambitious project yet. Update: Apple will be partnering with First Solar and contributing $848 million to the First Solar California Flats Solar Project in Monterey County, California. Apple will be receiving 130 megawatts of the solar project under a 25-year power purchase agreement, with the

Tim Cook: Our Objective With Apple Watch Is to Change the Way People Live Their Lives

Apple CEO Tim Cook spoke at the annual Goldman Sachs Technology and Internet Conference today, where he covered a range of topics from Apple's dedication to the environment, the major products the company launched in 2014, and his thoughts on the Apple Watch. When asked by Goldman Sachs COO Gary Cohn what makes the Apple Watch different from other smart watches on the market, Cook recalled the MP3 industry.If you think about the MP3 industry, we weren't the first company to make an MP3 player, there were lots of companies in this. They weren't used very much. They were fundamentally hard to use -- the user interface was bad and you almost needed a PhD to use them. They're not memorable. [...] I see the smart watch category very much like that. There are several things that are called smart watches, but I'm not sure you could name any. There hasn't been one that changed the way people live their lives. At Apple, that's our objective. We want to change the way you live your life.Cook went on to say that he believes the Apple Watch will do just that, impact people's lives in a meaningful way. He says that one of the major surprises will be the breadth of what the Apple Watch can do, and he expects that everyone will find something in the Apple Watch that they can't live without. Cook highlighted the many design options for the Apple Watch, its "fantastic" look, and the innovative ways of communication that it will enable. Cook says that he "constantly" uses Siri on his Apple Watch, and that he uses it when working out to measure activity. He also pointed out the

Apple CEO Tim Cook Speaking Live at 2015 Goldman Sachs Technology Conference

Apple CEO Tim Cook is speaking at the Goldman Sachs Technology and Internet Conference today, with the session kicking off at 3:30 PM Eastern / 12:30 PM Pacific. Cook's presentation is being broadcast on Apple's website and MacRumors will be updating this post to summarize Cook's comments. Cook has spoken at the annual conference a number of times over the years, although he did not appear in 2014. While Cook has not made any major announcements at the venue in the past, he has at times offered an interesting perspective into Apple's business, so it generally worth paying attention to his comments. Cook will almost certainly be asked about Apple's blockbuster iPhone sales and earnings in the last quarter, the company's strategy for managing cash and capital return to investors, company philosophy and more, and he is generally fairly open and thoughtful in sharing his ideas on many topics. The company's future product plans are not, however, something he has shown willing to discuss, maintaining a long tradition of secrecy for the company. Welcome everyone. And welcome to you too, Tim. You joined Apple in 1998, became CEO in 2011. Going over financial and sales stats since Cook became CEO. Not a bad start, right? Thanks everyone, and thanks Goldman for having us here. Cook giving "safe harbor" statement about forward-looking comments to satisfy regulators.

Tim Cook Speaking at Goldman Sachs Conference Today, Apple Providing Live Audio Stream

Apple CEO Tim Cook will be speaking at the annual Goldman Sachs Technology and Internet Conference this afternoon, beginning at 12:30 PM Pacific Time. While Cook was not present at last year's conference, he has attended many times in the past. Cook is not likely to make product announcements during today's session, but previous conferences have seen him divulging details on Apple's philosophies and business practices. In 2013, for example, he spoke about Apple's cash usage, innovation, design choices, retail strategy, iPhone growth, and more. Streaming audio of the Goldman Sachs conference will be available beginning at 12:30, and MacRumors will also provide highlights and coverage on what Cook has to share this year.