Apple CEO Tim Cook calls for “massive campaign” against fake news

What to do about viral 'fake news'

Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web.

“There has to be a massive campaign. We have to think through every demographic,” Cook said in a rare interview.

Speaking with The Daily Telegraph newspaper, Cook also said “all of us technology companies need to create some tools that help diminish the volume of fake news.”

Other leading tech company CEOs, like Facebook boss Mark Zuckerberg, have spoken about the problem in recent months. But Cook’s comments were much more frank.

According to the Telegraph, he said made-up stories and hoaxes are “killing people’s minds.”

And he called the “fake news” plague “a big problem in a lot of the world.”

The term “fake news” was originally coined to describe online stories that are designed to deceive readers. Often times these stories are shared on Facebook and other social networking sites to generate profits for the creators. Other times the stories are essentially propaganda made up for political purposes.

These kinds of stories received widespread attention before and after the American election. Fictional stories with titles like “Pope Francis shocks world, endorses Donald Trump for president” won millions of clicks.

It can be very difficult for web surfers to tell the difference between legitimate news sources and fakes.

That’s where companies like Apple come in.

In the Telegraph interview — part of a multi-day European trip — Cook said “too many of us are just in the complain category right now and haven’t figured out what to do.”

He urged both technological and intellectual solutions.

“We need the modern version of a public-service announcement campaign. It can be done quickly if there is a will,” Cook told the newspaper.

What he described is music to the ears of media literacy advocates.

“It’s almost as if a new course is required for the modern kid, for the digital kid,” Cook said.

There are scattered efforts in some schools to teach media literacy, with a focus on digital skills, but it is by no means universal.

When asked if Apple would commit to funding a PSA campaign, an Apple spokesman said the company had no further comment on Cook’s interview.

The Apple CEO also suggested that tech companies can help weed out fake stories, though he added, “We must try to squeeze this without stepping on freedom of speech and of the press.”

Apple’s own Apple News app has been credited with being a relatively reliable place to find information.

The company “reviews publishers who join Apple News,” BuzzFeed noted last December.

And the app has a “report-a-concern function where users can flag fake news or hate speech.”

Facebook recently started working with fact-checkers to test “warning labels” that show up when users share made-up stories.

Cook, in the newspaper interview, expressed optimism that the “fake news” plague is a “short-term thing — I don’t believe that people want that at the end of the day.”

CNNMoney (New York) First published February 11, 2017: 8:00 PM ET

Apple stock nears record high

Apple looks to manufacture in India

Apple has found its groove again.

The iPhone maker’s stock hit $133.82 in early trading Monday, putting Apple less than $1 away from its intraday trading high of $134.54, reached in April 2015. Apple’s stock ended the day at $133.29, beating its previous record closing price of $133, set in February 2015.

The stock surge, pushing Apple (AAPL) to a $700 billion market cap, comes amid renewed optimism for the iPhone.

Goldman Sachs raised its price target for the stock on Monday, citing the likelihood of “major new features” like “3D sensing” being added to the next iPhone model, according to an investor note provided to CNNMoney.

Apple’s previous high was set six months after it released the redesigned iPhone 6 and 6 Plus, kicking off what CEO Tim Cook described as the “mother of all upgrades.”

Since then, however, Apple has bucked its tradition of overhauling the iPhone every other year. The newest models on the market today look nearly identical to the iPhones available in late 2014.

The long wait, combined with this year marking the iPhone’s tenth anniversary, has only raised expectations that Apple is about to significantly overhaul its smartphone and reignite demand.

Related: Tim Cook: ‘Apple would not exist without immigration’

Apple’s annual sales fell in the 2016 fiscal year for the first time since 2001 as iPhone sales, still the majority of its business, declined in three consecutive quarters.

Apple even cut its CEO’s pay by 15% due to the company’s failure to meet its performance goals for both sales and profits.

But that losing streak just ended.

Apple sales started growing again in the December quarter, driven by stronger demand for the iPhone — particularly for the larger and more expensive iPhone 7 Plus.

The company sold 78.3 million iPhones for the quarter, setting a new record. At least some of that may be due to the Samsung’s smartphone recall woes.

Mark Moskowitz, an analyst with William Blair, wrote in an investor note this month, “Samsung’s Note 7 struggles likely helped.”

The iPhone isn’t the only reason Wall Street is excited about Apple. There’s also President Trump.

Despite Trump clashing with Apple during the campaign, investors are now optimistic Apple will benefit from at least one Trump proposal: cutting taxes on cash that U.S. businesses bring back from their overseas accounts.

Apple currently has $230 billion in cash held in foreign accounts. If Trump and Congress make it cheaper for Apple to bring that money back, it could be used for acquisitions and buybacks.

CNNMoney (New York) First published February 13, 2017: 12:24 PM ET