Tim Cook: Apple is preparing new products that will leave you speechless

Apple held its annual shareholders' meeting today and Bloomberg reports that CEO Tim Cook spoke about the company's future.

ΜWith iPhone sales down sluggish (revenue from device sales down 15% year-over-year during the winter break quarter), Apple is focusing on its second-largest business. The most profitable part of Apple is Apple Pay, the App Store, iTunes, AppleCare, Apple Music and more. Cook says Apple is on track to reach its $ 50 billion target for these services by $ 25 billion a year in 2016.

Of course, this does not mean that Apple is not working hard to introduce new devices for sale. Cook told the conference participants that Apple is "planting the seeds" and "rolling the dice" on new products in the future that will leave you speechless. The company introduced its first iPhone in June 2007 and the iPad in April 2010. Since then, it has upgraded its devices and released various accessories, such as the AirPods wireless headset. The company also released the smart HomePod speaker in February 2018, although its expensive price and Siri limitations have prevented Apple from challenging Amazon and Google.

With Tim Cook celebrating in the past for augmented reality, as Apple's next big innovation, like AR glasses. In June 2017, Loup Ventures analyst Gene Munster stated that these so-called glasses will go far beyond the iPhone. Maybe you should pay attention to what Munster said in the summer of 2017, where he predicted the difficulties that the iPhone will face. The analyst said that once the Apple glasses are released, the iPhone will not be the most profitable device of the company. Last May, Munster revised its initial 2020 release forecast for AR glasses. Of course the date changed again in 2021.

Cook also announced to Apple shareholders the roadmap for the next products, including the next AirPods and the Apple Watch Series 5. Apple has added the new ECG feature to the latest Apple Watch to help users control abnormal heart rates. such as atrial fibrillation - AFib. Cook hinted that more health items would be added to the watch. The company is looking to find a way for users to control their blood glucose. Diabetics normally have to pierce their finger several times a day to take a blood test and place it in the device to know the glucose level and never have to take insulin. You say they find a way to do this without a "piercing?"

Apple CEO also noted that the company acquired 18 companies last year. Usually, Apple buys smaller companies. The company's biggest acquisition was the $ 3 billion Beats Audio acquisition in 2014, although there have always been rumors of a Disney or Netflix acquisition. Cook also criticized companies that collect data from their users, such as Facebook and Google, and noted that Apple is pressuring the US government to enact regulations against such practices.

At the meeting, the entire Apple board was re-elected. Board members include Cook, Al Gore and Disney CEO Bob Iger. The company advised shareholders to vote against a proposal that would expose the political beliefs of board members as they did. Only 1,7% of the vote was in favor of the proposal.

The shareholders' meeting was held at the Steve Jobs Theater in Apple Park, located in Cupertino. Shares of Apple closed at $ 174,97 during the event, up 1,05% on the day. Apple's value is now estimated at $ 825 billion, well below the more than $ 863 trillion the company owed this summer. With a value of XNUMX billion dollars, Microsoft is now the most valuable American company that trades in public. Despite losing the throne to Microsoft, Tim Cook says he has "never been more optimistic" about Apple's current business and future prospects.

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