Tuesday, February 27, 2024

CEO Tim Cook addresses Apple shareholders at annual meeting

Apple’s annual shareholders’ meeting was held today — but (as far as I know) virtually for the first time ever. CEO Tim Cook addressed shareholders and noted:

° 2020 was a year of “prolific innovation” at Apple.

° There are “exciting things ahead” for the iPhone and Mac (but, of course, he didn’t elaborate).

° The AirPods Max are “hugely popular with reviewers and users alike.:

° The HomePod mini was a hit over the holiday season (though he didn’t offer any specifics on how many units were sold).

° Apple has scooped up close to 100 companies over the course of the last six years and is interesting in acquiring “small, innovative companies that complement our products and help push them forward.”

° Apple is on track to be carbon neutral across its entire supply chain by 2030.

° Apple (as a company) doesn’t make political contributions ands no political action committee.

° Apple doesn’t have a dominant position in any market it competes it, so the scrutiny it’s undergoing and the idea of possible regulation regarding the Apple Store “fall apart after a reasonable examination of the facts.”

° “There’s enormous benefit to getting teams together in the office, but when the pandemic made business as usual impossible, we innovated and adapted. Sometimes we found more and better ways to collaborate across teams and reach our customers virtually.”

Also, Apple shareholders voted to approve compensation for Apple executives, including an equity package announced last year for Tim Cook. They also re-elected Apple’s board of directors.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.