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techkenyot.com March 26, 2019


Apple's greatest contribution to mankind will be health, says Tim Cook

10 January 2019, 06:05 | Silvia Roy

Apple's greatest contribution to mankind will be health, says Tim Cook

Apple's greatest contribution to mankind will be health, says Tim Cook

Apple's smartphone business may not be going as well as the company would like it to, but Apple has a plan on how to mitigate this.

Apple gave its chief executive Tim Cook a hefty 22 per cent pay raise in 2018, bringing his total compensation for the year to nearly US$15.7 million according to a filing submitted to the Securities and Exchange Commission. Well, Apple's killing it. I don't wanna tell you what they are. (.) I'm not gonna forecast precisely, the ramps and so forth. "But they're things that we feel really great about, that we've been working on for multiple years", he said near the end of the interview.

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Shares of Apple nudged higher on Tuesday after Chief Executive Tim Cook touted the company's technology pipeline and characterized worries about the company's future as overwrought. "We're democratizing it. We're taking what has been with the institutions and empowering the individual to manage their health". "But I do think, looking back, in the future, you will answer that question, Apple's most-important contribution to mankind has been in health". When Apple is (still) selling millions of iPhones, and the XR is "the most popular every day", but the company still wants to sell more? He stated that current revenue from wearables is 50% more than the iPod at its peak. Counting the total revenue brought in since the products were launched, the Watch and AirPods have generated 4-6 times as much as the iPod.

Amid the gloom over tumbling iPhone sales, Tim Cook offered one shred of comfort for embattled shareholders: the bonanza from app downloads continues to grow.

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In his interview with Cramer, Cook said trade tensions between China and the United States created the sharp downturn, but he said he believes the situation is temporary.

Check out the entire interview in the video, above.

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