Apple Inc.’s (AAPL: Quote) chief executive officer Tim Cook said Tuesday that the technology giant still has several more game changers and it has ”some incredible plans” that it has been working on for some time. Cook was the opening speaker for the D11 conference in Rancho Palos Verdes, California.
Noting that Apple sold 85 million iPhones and 42 million iPad last quarter, Cook said, “We are a product company so we think about products.”
Cook said Apple would be rolling out the future of iOS and OS X at its WWDC in June.
Talking about competition, Cook said Apple always had always had competent rivals. ”Apple has always had competition to focus on, but our North Star is always on making the best products,” he said.
Dwelling on the hit the firm’s stock has taken now, Cook said one sees a lot of cycles when around for a while. He pointed out that Apple’s stock price was $200 at the end of 2007 and it fell to $75 couple years later.
Cook said the firm has now sold 13 million Apple TVs, with about half of those coming in the last year. Pointing out that it continues to be an area of great interest, Cook refrained from going into details.
Asked how different he is from the legendary Steve Jobs, Cook said he is different in a ton of ways, “but the most important things are the same.”
Saying that the technology giant does not use tax gimmicks, Cook said Apple pays $6 billion in U.S. taxes, which is more than anyone else. He said if everything developed in the U.S. was taxed here, it might encourage a shift in development overseas.
About opening up more programming hooks, Cook said Apple would open up more in the future, “But not to the degree that we put the customer at risk of having a bad experience.”
The stock closed down 0.8 percent at $441.44 on Tuesday.
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by RTT Staff Writer
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