apple ceo tim cook has completed q&a session analyst bill shope @ goldman sachs technology , internet conference. while liveblogged event rough transcript of cook's comments, here few of highlights:
- worker safety: addressing ongoing publicity working conditions @ apple's suppliers' facilities, cook reiterated position no company doing more or being more transparent issue apple. cook addressed apple's efforts address underage labor, safety, , excessive overtime. apple has partnered fair labor association conduct largest , extensive audit in manufacturing history. apple continuing collect own data , releasing monthly on company's website.
- iphone growth: dryly noting apple's record-smashing sales of 37 million iphones during holiday quarter led "a decent quarter", cook noted 90% of mobile phone purchasers , 75% of smartphone purchasers still choosing other iphone. consequently, apple still has remarkable room grow.
- emerging markets: cook noted apple has placed significant energy on emerging markets, china being primary focus brazil , russia receiving attention. while ipod created halo mac , other apple products in developed markets, didn't work emerging markets. took iphone generate momentum in countries. in china, mac grew 100% year-over-year compared 10% broader industry. mac growth small base, still demonstrates significant momentum. revenue across apple's emerging markets has grown $1.4 billion in 2007 $22 billion in 2011.
- ipad growth: cook noted no 1 have predicted 55 million units @ point, far fastest growth ever apple product. ipad benefited established base of users familiar iphone , ipod , established infrastructure of itunes store , app store.
- competing tablets: addressing kindle fire , other cheaper competitors, cook noted price important thing consumers. long-term, people aren't happy getting deal on terrible product. cook noted loves competition (as long other companies "invent own stuff") , believes apple's innovation drive things forward.
- stock buybacks/dividends: cook noted apple judicious cash, , acknowledged company has more cash on hand needs run day-to-day business. acknowledged discussions on topic @ board meetings have ramped apple's cash hoard has grown, asked patience apple considers options , works make best decision shareholders.
- apple tv: cook reported apple still considers apple tv "hobby", in sense shouldn't thought of major pillar of apple's business. said, apple has felt if kept "pulling string", there there. consumer satisfaction reportedly off charts , sales growing quickly.
- siri , icloud: cook's belief icloud strategy next decade, enabling users access content anywhere. icloud has on 100 million users months after launching. siri, on other hand, profound change in input methods in cook's view, , notes never before had considered beta product indispensable.
- cook's legacy: in question seemed have caught cook bit off-guard, shope asked cook believes stamp on apple , seek maintain. cook seemed speaking heart focused on latter portion, outlining culture of apple , how important factor has been in apple's success.cook has participated in goldman sachs event number of times in past, first time ceo , provided rare opportunity outside of company's earning conference calls him address questions follow company outside.
article link: tim cook @ goldman sachs: worker safety, iphone , ipad growth, , financial strategy
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