This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tim Cook Tightlipped on Apple's Next Products

NEW YORK ( TheStreet) - Last night, Apple's (AAPL - Get Report) boss Tim Cook was asked a lot of tough questions at the D11 conference in California. Many of those questions concerning arch rival Google's (GOOG) products - especially the ones which use their Android operating system. Mr. Cook was well prepared.

At the annual AllThingsD conference, Walt Mossberg asked a lot of very pointedly tough questions. With no new industry-leading, "game changing" products announced in a long time is Apple stagnating? Will there be anything new and earth shattering announced at the upcoming Apple Developer's conference?

Obviously, Mr, Cook was not going to reveal any new products last night. He'll wait less than two weeks for his own, Apple friendly event to talk about those. However, Cook did throw out a few big hints at what we might expect. He mentioned a revamped iOS platform, and made it clear that hardware design genius Jony Ive has been hard at work making changes. We expect a new version of OS X as well.

In morning trading, Apple was trading at $442.74, up 0.29%.

Cook was also quite vocal on the subject of wearable computers. He said he's very interested about what they can and can't do. He said he's not all that crazy about Google Glass. He thinks that people who don't need to wear eye glasses will reject the concept. Again, he very slyly refused to say how or if Apple would answer.

On the other hand, he was quite civil when it came to discussing Android phones and their current global sales success . Cook reminded everyone that unlike Android phones Apple's plan, all along, was to make one really good smartphone - which they've done. When asked about the possibility of a second model, which could sell for less, Cook said that it was one of many ideas under consideration. He also reminded the crowd that there may be more Android devices in circulation but owners actually use their iOS smartphones and tablets more than Android owners do.

In the past, Apple has hinted that computers and HDTVs could make for a great pairing. Last night, Cook was quite vocal when asked about Apple's set-top television box. Never really a big consumer favorite, Cook was quick to say that the latest version of the Apple TV device has been selling quite well, having sold 13 million units, with half of those sales coming in the past year.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 -0.14%
GOOG $542.56 -0.99%
TWC $151.81 1.29%
YHOO $44.13 -0.69%
FB $81.66 -0.67%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs