Apple pays a fair share of the taxes it owes the U.S. and other nations, its CEO said Tuesday, despite criticism from U.S. senators that the company is ducking taxes by shifting profits to subsidiaries that the company does not consider tax residents of any nation.

Apple has set up three foreign subsidiaries that the company claims are not resident in any nation for taxing purposes, in an effort to avoid paying tens of billions of dollars in taxes to the U.S. and other countries, according to a new report from a U.S. Senate subcommittee.

Apple CEO Tim Cook and Yahoo CEO Marissa Mayer are the two techiest candidates for the 2012 Time Person of the Year honor that will be announced this Wednesday. They also have competition from a couple of non-persons: the Higgs boson (or "God") particle of Large Hadron Collider fame and the Mars Rover.

Just six months after unveiling the third-generation iPad, Apple has unveiled the long-rumorued iPad mini along with a fourth-generation of the standard model. Despite the 100 million iPads Apple sold in just 2.5 years, Apple CEO Tim Cook said, “we’re not taking our foot off the gas.

While Apple's iPhone is selling well across the globe, China has emerged as its fastest growing market for the device.

Apple CEO Steve Jobs will take a leave of absence from the company for medical reasons, but will remain involved in major strategic decisions, the company said Monday. He will leave day-to-day operations to COO Tim Cook.

Apple Chief Operating Officer Tim Cook earned a US$5 million cash bonus plus stock that could be worth nearly $17 million for the six months last year that he took the helm of the company.

Apple CEO Steve Jobs Wednesday announced he would be taking a leave of absence from Apple because of his health. Here is the text of the e-mail sent to all Apple employees.

Here are the core comments from Apple CEO Tim Cook's 'state of the union' earnings address.