Cook calls Apple "a force for good in the world"
As we told you on Monday, while talking to analysts during Apple's third quarter conference call, Apple CEO Tim Cook predicted that "it's going to be an iPad Christmas." The comment harkens back to a statement made by the late Steve Jobs when he debuted the original Apple iPad in 2010. Jobs' comment at the time, was that 2010 would be "the year of iPad."
Cook also pointed out how Apple has made a number of new product introductions lately, "all of these are products only Apple could have delivered. And most companies would be proud to have just one of them." With a large cash hoard that the company has been often criticized for sitting on, CEO Cook brought up the number of non-commercial endeavors that Apple has found itself involved in. "We're also proud to be a force for good in the world beyond our products," the executive said.
The CEO also got a jab in at investor Carl Icahn, who has been trying to cajole Apple into borrowing $150 billion at 3% and make a tender offer to buy back that amount of Apple stock at $525 a share. According to the corporate raider, doing this would raise Apple's earnings per share figure by 33%. Without a change in the valuation of the company, Apple's stock should then rise by the same percentage. In talking to analysts on Monday, Cook said "I'd like to thank all of our customers and our long term shareholders for their loyalty, and I'd also like to thank Apple's many talented employees who have worked tirelessly to bring us this far and who are passionately focused on making great products that enrich people's lives."
source: AppleInsider
"We're also proud to be a force for good in the world beyond our products. Whether it's improving working conditions or the environment, standing up for human rights, helping eliminate AIDS or reinventing education, Apple is making substantial contributions to society. We're also proud to be a force for good in the world beyond our products."-Tim Cook
The CEO also got a jab in at investor Carl Icahn, who has been trying to cajole Apple into borrowing $150 billion at 3% and make a tender offer to buy back that amount of Apple stock at $525 a share. According to the corporate raider, doing this would raise Apple's earnings per share figure by 33%. Without a change in the valuation of the company, Apple's stock should then rise by the same percentage. In talking to analysts on Monday, Cook said "I'd like to thank all of our customers and our long term shareholders for their loyalty, and I'd also like to thank Apple's many talented employees who have worked tirelessly to bring us this far and who are passionately focused on making great products that enrich people's lives."
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