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Apple CEO Triggered By Reports Of Design Decline ((INSTALL))



Apple's first logo, designed by Ron Wayne, depicts Sir Isaac Newton sitting under an apple tree. It was almost immediately replaced by Rob Janoff's "rainbow Apple", the now-familiar rainbow-colored silhouette of an apple with a bite taken out of it.[188] On August 27, 1999,[189] Apple officially dropped the rainbow scheme and began to use monochromatic logos nearly identical in shape to the previous rainbow incarnation.[190]




Apple CEO triggered by reports of design decline



During an event on March 21, 2016, Apple provided a status update on its environmental initiative to be 100% renewable in all of its worldwide operations. Lisa P. Jackson, Apple's vice president of Environment, Policy and Social Initiatives who reports directly to CEO, Tim Cook, announced that as of March 2016[update], 93% of Apple's worldwide operations are powered with renewable energy. Also featured was the company's efforts to use sustainable paper in their product packaging; 99% of all paper used by Apple in the product packaging comes from post-consumer recycled paper or sustainably managed forests, as the company continues its move to all paper packaging for all of its products.[314] Apple working in partnership with Conservation Fund, have preserved 36,000 acres of working forests in Maine and North Carolina. Another partnership announced is with the World Wildlife Fund to preserve up to 1,000,000 acres (4,000 km2) of forests in China. Featured was the company's installation of a 40 MW solar power plant in the Sichuan province of China that was tailor-made to coexist with the indigenous yaks that eat hay produced on the land, by raising the panels to be several feet off of the ground so the yaks and their feed would be unharmed grazing beneath the array. This installation alone compensates for more than all of the energy used in Apple's Stores and Offices in the whole of China, negating the company's energy carbon footprint in the country. In Singapore, Apple has worked with the Singaporean government to cover the rooftops of 800 buildings in the city-state with solar panels allowing Apple's Singapore operations to be run on 100% renewable energy. Liam was introduced to the world, an advanced robotic disassembler and sorter designed by Apple Engineers in California specifically for recycling outdated or broken iPhones. Reuses and recycles parts from traded in products.[315]


(AP) -- Adobe Systems Inc., the company whose software powers Flash animation and PDF documents, posted a sharp drop in its fiscal second-quarter profit and sales Tuesday amid weaker demand in the economic downturn. googletag.cmd.push(function() googletag.display('div-gpt-ad-1449240174198-2'); ); But the quarter's revenue inched past Wall Street's expectations, and adjusted earnings met those estimates as well as the company's own guidance.For the three months ended May 29, Adobe earned $126.1 million, or 24 cents per share, a 41 percent decrease from $214.9 million, or 40 cents per share, a year earlier.Excluding special items, the San Jose, Calif.-based company earned 35 cents per share, matching analysts' forecasts.Revenue dropped 21 percent to $704.7 million. That's slightly above the $694.8 million that analysts polled by Thomson Reuters had predicted.Adobe's CEO Shantanu Narayen said in a statement the company was "pleased with the solid profit margin and earnings results" the company delivered amid the global recession.For the current quarter, Adobe forecast a profit of 20 cents to 27 cents per share. Excluding items, it is expecting 30 cents to 37 cents per share, which compares with analysts' estimates of 33 cents per share.Adobe expects revenue of $665 million to $715 million, bracketing analysts' estimates of $676 million.The company, which said in December it is cutting 600 jobs, or 8 percent of its work force, reported a 13 percent decline in operating expenses for the quarter, to $471.3 million.Chief Financial Officer Mark Garrett said Adobe is continuing to invest in the areas of its business that will drive growth once the economy recovers. These include its core Acrobat and Creative Suite products, which bring in the bulk of Adobe's revenue, as well as products like LiveCycle, which is aimed at large businesses.Acrobat is the set of software that creates and reads the ubiquitous PDF electronic documents. Creative Suite is a software package aimed at professional designers and Web developers. It includes Photoshop, Flash and Web design software Dreamweaver, among other applications.Earlier this week, Adobe introduced an enhanced subscription service for its previously free Acrobat.com Web site, a step toward offering its software as services rather than just packaged products. The Acrobat subscription services target professionals and small businesses who want to work together online.Adobe's shares slid 77 cents, or 2.7 percent, to $27.40 in after-hours trading. Before the results were announced, the stock closed down 65 cents, or 2.3 percent, at $28.17.2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Citation:Adobe Systems posts drop in 2Q profit, sales (2009, June 17)retrieved 10 February 2023from -06-adobe-2q-profit-sales.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further


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