Tim Cook Rallies the Troops at Town Hall Meeting
Apple CEO Tim Cook spoke to company employees at a Town Hall meeting on Friday discussing earnings, the competition, and their future, reports 9to5Mac.
Cook was quick to dismiss the drop in Apple's stock value. “we [Apple] just had the best quarter of any technology company ever.” Cook said. “the only companies that report better quarters pump oil. I do not know about you all, but I do not want to work for those companies.” He also reemphasized that share price is not Apple's goal; rather, making new products that customers love is the priority.
Cook also announced an expansion of the Employee Purchase Plan which starting Monday will allow Apple employees to purchase unlocked iPhones at a discount. He also noted that the constrained iMacs and iPad minis would soon be available to employees at a discount. The search for a new retail chief is still ongoing with Cook currently acting as the top manager for the time being.
The competition was also addressed. Cook noted that while Android has more market share there is still a problem with fragmentation. In addition, iOS users love and use their devices more than Android owners. Cook mentioned that iOS devices were used to purchase more items on Black Friday than Android devices. The Apple CEO stressed that Apple was about experience, top hardware, software quality, and actual usage by customers; rather than marketshare.
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