Taking a deeper look
Apple said its profit increased to $11. 52 billion in its most recent quarter, up nearly a third from the same period a year earlier, showing that the company’s enormous business selling iPhones and other gadgets continues to breeze along.
Perfection is achieved not when there is nothing more to add but when there is not much left to take away.
Antoinne
Why it matters
The strong results beat Wall Street estimates, sending the company’s shares about 4 percent higher on Wednesday to a new record and for a market value of more than $950 billion.
As a result, he said, algorithms have magnified our worst tendencies and “rogue actors and even governments” have used our data against us “to deepen divisions, incite violence and even undermine our shared sense of what is true and what is false.”
In one piercing portion, Mr. Cook criticized how companies like Facebook and Google — while taking care not to mention them by name — deliver personalized news feeds that lead to so-called filter bubbles and confirmation bias.