Cupertino, CA -- Tim Cook announced today that sales revenues were flat, but unit shipments rose 2% year over year and 1% from the previous quarter. He noted that sales in China were “on plan” and that he was optimistic that the Asian market would “pick up soon”.
Mr. Cook expressed “great excitement” over “new products currently under development”. He enthusiastically stated that “…some of the new products scheduled for release over the next 7 years will just blow you away”. He would not be more specific. When asked about the lack of innovation since Steve Jobs departed Apple, he responded, “Look Steve Jobs is not coming back and I am the only CEO you got! Deal with it.”
When asked about Apple’s growing cash hoard (now just over one trillion $ US), he observed that it was for “a rainy day” and that Apple had no plans for a dividend increase or stock buyback.
Apple’s stock was down in after hours trading by a fraction to 184.00