Watch Tim Cook deliver commencement address to Duke University graduating class


In his delivery of the university's keynote address, Cook congratulated the university's graduating seniors, advising them to "look back over you shoulder fondly and say goodbye to act one of your life and then quickly look forward".

Cook and Apple have been quick to distance themselves in privacy matters, putting forward what it believes is the proper way to collect and handle users' data. Sometime into invoking the name of Steve Jobs, however, the Apple CEO touched on the matter of privacy.

He also pointed out as a notable fact that the company rejects "the excuse that getting the most out of technology means trading away your right to privacy".

Apple produces most of its products in China and lists both the United States and China among its three largest markets.

"No generation has ever had more power than yours", Cook said at Duke's Wallace Wade Stadium.

"The truth is, we could make a ton of money if we monetized our customer - if our customer was our product", Cook said then.

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The Obama-era program allows immigrants brought to the USA illegally as children to remain here without fear of deportation.

Apple has been more supportive of a Trump-backed law that slashed corporate taxes. Apple is not flawless, by any stretch of the imagination, and the company certainly has other issues to contend with as well. Cook said Apple will inject $350 billion into the USA over the next five years, through tax payments, hiring, a new campus and $30 billion in capital expenditure.

Cook's full interview with Bloomberg will apparently be aired in June. "It's good for the economy as well because if people sell stock they pay taxes on their gains". At its current trajectory, Apple Music is on track to overtake Spotify for paying customers in the US this summer.

The figure is most likely around 42 million monthly paying subscribers, and around 8 million people now listening to Apple Music on a try-before-you-buy trial basis.

Rubenstein co-founded Carlyle Group LP, a private-equity firm that invested in the Beats consumer-electronics and streaming businesses. "We are very interested in the content business. But it's clearly an area of interest".