Apple plans to launch new services

Faith Castro
January 11, 2019

It's worth noting that Tim Cook mentioned "services", plural, when talking to Cramer, so even if the TV service is part of Apple's 2019 plans, it won't be the only new service. We'll have to wait and see how the story unfolds as more details will likely surface soon.

Apple's CEO, Tim Cook, got a hefty raise in 2018.

Apple's shares, recently up about 2% to near $154-though still down in 2019-have gained as the company has sought to demonstrate that it has charted a path toward growth by focusing on selling more services and worrying less about iPhone sales.

Cook received a $12-million bonus for the year ended 29 September, the Cupertino, California-based company said on Tuesday in a filing. "There will be more things coming".

On healthcare in particular and your wellbeing, this is an area that I believe, if you zoom out into the future, and you look back, and you ask the question, "What was Apple's greatest contribution to mankind", it will be about health.
I don't wanna tell you what they are. But it signals the high stakes and deeply entrenched positions of each side, with Apple arguing in court that Qualcomm charges an unfair "tax" on its phones while Qualcomm fights to protect a patent licensing model it argues has helped bring connectivity to billions of new users through wireless networks.

More news: Mayor says NYC will expand health coverage to 600000 people

Cook also addressed criticisms that the iPhone XR was a flop, calling it "baloney".

Mr Cook also spoke about Qualcomm, the chipmaker it is now locked in a legal battle with over unfair patent licensing practices.

The company said it expects revenue for its fiscal first quarter to be as much as US$9bn lower than previous estimates.

"The Compensation Committee determined that no downward adjustments to the payouts would be made based on Apple's 2018 performance and the individual contributions of our named executive officers and approved the maximum total payout at 400 percent of annual base salary", the Apple filing said. Recently, Apple also revealed that its wearable devices - Apple Watch 4 and the AirPods did very well a year ago. On a trailing basis (.) the revenue from wearables is already 50 percent more than iPod on its peak.

Other reports by LeisureTravelAid

Discuss This Article