How Do Companies Make Their Money?

Apple CEO Tim Cook talks about consumer privacy, data, and Apple Pay in an exclusive two-part interview. The second part airs September 15, 2014 on CHARLIE ROSE.
We are not reading your email, we are not reading your iMessages.
— Tim Cook, CEO of Apple
Our business is not based on having information about you. You’re not our product. Our product are these [points to iPhone], and this watch, and Macs, and so forth. And so we run a very different company.

I think everyone has to ask, how do companies make their money? Follow the money. And if they’re making money mainly by collecting gobs of personal data, I think you have a right to be worried. And you should really understand what’s happening to that data, and the companies — I think — should be very transparent.
— Tim Cook, CEO of Apple

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