Today Apple had its hour long shareholders meeting, and it was the first time Tim Cook took the stage as the new CEO at this annual event. At the meeting, Tim Cook had this to say about the products we can expect this year:
“You can be assured we are working as hard as ever this year to deliver an incredible year and some products that will blow your mind,”
Cook also noted that Apple he didn’t find the value of a stock split, and there was no announcement of a dividend either. Apple’s stock valuation currently makes it the world’s largest company. He also addressed Facebook and said Apple should be working closer with Mark Zuckerberg’s company, calling the social network a ‘friend’. What about plans of a new rumoured iTV? Check out this classic response, as noted by The Mac Observer:
One of the better laugh lines came when a shareholder told Tim Cook, marketing VP Phil Schiller, and CFO Peter Oppenheimer, “This was on my bucket list, so now I can check off that I got to talk to you.”
He wasn’t done, though, because his second question was about a TV. He said, “I just bought a 60-inch TV for the Super Bowl, and I have 60 days to return it.”
He paused and the crowd laughed, because everyone knew what he was really asking.
“So…” he said, with another pregnant pause, “Should I return it?”
It was a very cute and clever way to ask if Apple was going to be releasing a TV, and it got the biggest laugh of the meeting. Even Tim Cook laughed, though he declined to comment with a big smile on his face. Make of that what you will.
This same guy still wasn’t done, because he used a third question to ask if Apple could please just buy Greece so that everyone could just forget about it. This also got a big laugh. Tim Cook jokingly treated it seriously and said that was one thing the board hadn’t considered when contemplating what to do with all of its money.
One important change also occurred as shareholders approved a proposal that requires Apple’s board members to be re-elected only via majority vote, set to go into effect in 2013. It will be interesting to see if this will affect the board next year, but given Apple’s current success, you most likely would not want to change what works. Regardless, Apple remains one of the most influential companies in the world, with almost $100 billion in cash on hand. Bring on the new products.