Apple's Tim Cook promises "some great stuff coming" to shareholders

The annual shareholders meeting of a public company is usually a dull affair, with the official business usually concerned with voting in a new board of directors and a brief Q&A session. Such was the case for Apple's annual shareholder event held earlier today.

CNet.com reports that Apple CEO Tim Cook told the assembled stockholders in Cupertino, California that Apple had "had the mother of all years" in 2012. It was helped by launch of a number of new products, including the iPad mini, the iPhone 5 and the Retina display MacBook Pro, the latter of which Cook says he uses every day.

If shareholders were hoping Cook would reveal something specific about Apple's upcoming products, they may have been disappointed. Cook simply told them they have "some great stuff coming" and left it at that. He also hinted that Apple would launch products in new categories but added, " ... we're not talking about that."

Apple's stock price has taken it on the chin in recent months; it's currently down 37 percent from the highs it reached just last fall. Cook admitted that Apple doesn't like the current downward trend in its share price. Cook said to the company's shareholders today, "We think about you a lot -- probably more than you know." However, the consensus is that today's meeting didn't really offer much information from Apple on how it plans to get that stock price back up.

Source: CNet | Image via Apple

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They will do as most companies do now that Jobs is gone. To heck with quality, to heck with functionality...it's all about the price of the stock, which means bean counters, cut corners, cheap the devices down. Apple devices will slide down in build quality and be like 99% of the other devices.

i dont know what market apple could expand into really. Apple TV could be good but they got compete with samsung which has one of the best displays around, LG's are really good to i got an LG 3D TV and its good. I dunno if there would be much demand for it but guess we'd have wait to see what they pull out of the bag. Simply integrating there apple TV box into the TV with some bells and whistles on then charging rediculous price for it wont fly i reckon.

iWatch, i think is going to be a massive failure because women wont wear it, men above 21 years old who like watches wont wear it cus theyd have a proper watch. Executives wont wear it because, crappy watch on my wrist vs. $1000 rolex. Can only see it selling in teenagers and men who are proper geeks, maybe some geeky women to. I hate watches, it would have to expand an anti gravity field around my body and fly me places, wash my dishes, wipe my... etc me to buy one. It just wont be useful enough to warrant wearing it.

"Apple's stock price has taken it on the chin in recent months"

Sounds like a nice way of saying what really happened -- they took it up the poop shoot hardcore.

as a technology company I'd expect this!!! I hazard a guess that Google and Microsoft plan "some great stuff soon"

I think they'll introduce iWatch as this describes exactly what Apple has been doing in recent years while companies like Samsung, Nokia and even Microsoft overtake them in the Innovation Stakes.

We can only hope they don't become yet another company whose aim is to please shareholders. That has never amounted to innovation or good products.

Isn't it obvious that it will be the iWatch thing and a new Apple TV? (new categories - TV & wearable devices)? Unless I'm guessing it wrong

:: Lyon :: said,
Isn't it obvious that it will be the iWatch thing and a new Apple TV? (new categories - TV & wearable devices)? Unless I'm guessing it wrong

I agree. That seems to be where the rumors are pointing.

To thank our shareholders who we don't give any dividends to even though we are the most valuable tech company, we are giving our shareholders a free iPod!

Simon- said,
To thank our shareholders who we don't give any dividends to even though we are the most valuable tech company, we are giving our shareholders a free iPod!

I thought Apple was distributing dividends now...

Hey Tim, what about "Some great stuff" for iOS.. you know, your dated phone/tablet OS? The OS that didn't evolve in the last 3 years?

lomas said,
Has Tim Cook invented anything yet?

He's working on how to take as much value from the company as possible before he gets asked to leave, that's innovation!

pgn said,

He's working on how to take as much value from the company as possible before he gets asked to leave, that's innovation!

With Bloomberg reporting that he has an unprecedented 99.1 percent approval rating from investors, it's unlikely we'll be seeing this happen anytime soon.

lomas said,
Has Tim Cook invented anything yet?

Has he had time to? He became CEO only in late 2011.

Maybe he has discussed some future product, but that would indicate something on market in like 2015.

Apple is almost certainly so far releasing near-identical products to what Steve Jobs would have released.

Well one of them obviously is going to be the much rumored Apple TV set. Wonder what else they have planned? Apart from "retina-izing" the remaining Mac line up (which is expected) I can't think of much else? If I was to guess, I'd say a wider iPhone 6 with completely redesigned UI.

Xerxes said,
Well one of them obviously is going to be the much rumored Apple TV set. Wonder what else they have planned? Apart from "retina-izing" the remaining Mac line up (which is expected) I can't think of much else? If I was to guess, I'd say a wider iPhone 6 with completely redesigned UI.

I would truly be shocked if they completely redesigned the UI. Such a drastic change would be very unlike Apple.

M_Lyons10 said,

I would truly be shocked if they completely redesigned the UI. Such a drastic change would be very unlike Apple.

In general I agree with you, the current UI has worked well for Apple over the years and they aren't known for really messing with something that works well. However, there seems to be growing unrest with consumers over the lack of innovation in the UI and with companies like Samsung constantly nipping at their heels, I think something might happen in that area as an attempt to retain customers. I could be totally wrong but just a feeling I have...

Xerxes said,
Well one of them obviously is going to be the much rumored Apple TV set. Wonder what else they have planned? Apart from "retina-izing" the remaining Mac line up (which is expected) I can't think of much else? If I was to guess, I'd say a wider iPhone 6 with completely redesigned UI.

Wearable computing.

Northgrove said,

Wearable computing.

Good point, I totally forgot about the whole iWatch thing! yeah could be that too.

Enron said,
I hope Apple creates shoes.

And embeds an iPhone in them so I can finally do my best Maxwell Smart impersonation.

lkernan said,

And embeds an iPhone in them so I can finally do my best Maxwell Smart impersonation.


You can do the impersonation today if you are willing to switch to Android. Just get a Note 2 or some other ridiculously large phablet and you are set.

techbeck said,

You wouldnt get the shoe laces until V2

The iShoe, it changes how you walk. Expect some weird walks in the near future. Oh and if you get hit by "lightening" don't worry, your devices are get charged.

gonchuki said,

You can do the impersonation today if you are willing to switch to Android. Just get a Note 2 or some other ridiculously large phablet and you are set.
You're just ****ed because Apple doesn't make such a great phone as the Note 2. They aren't ridiculously big. Over 10M people say you are wrong. But I do respect your opinion.

In fact, when I first saw the Note 2, I had my GS3 at the time, which many fans also said is to big. I played with a Note that a friend had. I loved the way the original one looked. I played with it again at an ATT store and I was only waiting for VZW to get theirs. I wont ever pick up a small toy like an iPhone again. I have sworn off iPhone FOREVER. So you go ahead and blast the GN2. Its everything the iPhone should have been by now and by the time it gets even close, it will be to late for the non-innovating fruitcake in Suckertino.

TechieXP said,
You're just ****ed because Apple doesn't make such a great phone as the Note 2. They aren't ridiculously big. Over 10M people say you are wrong. But I do respect your opinion.

tssk tsssk, fail trollbait. Proud Optimus 2x owner here, with a custom 4.1 rom

and btw, millions of flys eat poo, they can't be wrong right?

lt8480 said,
What can be confirmed is that shareholders won't be getting access to much of the cash they own.

"...the cash they own"?

I don't think you understand stock...

Open Minded said,
They're adding a sixth row of icons to the iPhone!

And with instructions on how to hold the iPhone correctly. An update to the warranty, the iPhone will not be fixed if the user has been holding the phone incorrectly.