Gadgetory

hello and welcome to inside scoop I'm Sumi das and joining me is Josh Lowensohn senior writer for Cena Josh thanks for being with us my pleasure I can't help but notice that you're more dressed up than you normally are that's true you got dressed up because you were attending this conference this technology conference that Goldman Sachs has every year and there was a kind of special speaker of somebody we don't hear from very often there was it was Apple CEO Tim Cook who you know short of Apple events really only appears at two things and this is one of the one of them you gotta go yeah you gotta go because because it's kind of interesting it's unlike something where it's rehearsed they were introducing products it's a it's a sit-down with Tim Cook and in kind of a QA and you get some of these interesting questions that you normally wouldn't get during earnings call or obviously any sort of thing with their launching a new product right so what did he say cuz he made it a little bit of news this morning sure so I mean the real gist of the talk is that Apple's doing great everything's fine don't worry about anything yeah seemed like he was kind of saying don't count us out yeah I mean a lot of people have thought hey this company can't really grow maybe they're done making these kind of really popular products and he said you know what that's not the way we work that's not in our DNA we have really good people working here and we don't believe in limits which is kind of an interesting way to look at a business where there really are a lot of limits I mean you see these companies really rise but oftentimes they fall at some point right and they're they're they're maintaining too so to speak I mean they had great success with the iphone 5 even though people are saying that it fell short of expectations let's talk about some of the things that he touched upon stores the retail stores that Apple has sure so he give us a quick update on stores basically he said that they're actually closing 20 of them but it's not a bad thing that's they're actually closing them down because they got so popular or they just needed renovation so they're actually moving to bigger facilities or changing the layouts of these stores which is kind of interesting and he really thinks that their stores are the first experience people have with Apple as a company and the first way they see their products he said he'll actually go to an apple store and it's like his prozac okay so people of the world stop taking Prozac and go to see Tim Cook handed an apple store lake he's not a good day okay so there was also this lawsuit that was discussed at today's conference basically this was filed by green light tell us more about that it's it's filed by the shareholders right so I mean they're not a huge shareholder but they do own a pretty decent chunk and ahead of the shareholders meeting which is later this month they're really kind of they sued apple to try and convince them to pay out more money to shareholders and comes down to money of me it does and of course they paid a dividend and they're doing the stock repurchase plan but some people think they need to get more so cook today said that they are considering those kinds of options but the lawsuit was silly and that he wished that you know both companies could spend any money that they would do for that and give it to charity which is you know that's trying to take the high road for sure but it's also like totally dismissing with it yeah it was very dismissive the way he handled that discussion I thought yeah and the focus going forward for Apple is it did he talk about the iWatch no there was no charge I talked about yours no talk that I watch uh but he really did kind of lay out that their strategies all that phones and tablets and he thinks that both those markets are really going to grow a lot for instance he said that they're still like half the world subscribers they're really looking at other places in the world rights beyond the u.s. exactly so I mean there's there's always potential for that but he didn't talking new products okay and he had this talk very early because he had an invitation from FLOTUS one Michelle Obama sure and that's that's where he's off to now right he's off to Washington DC yeah he's got a busy day so I guess you know Tim Cook from Apple stores and prozac to sitting with michelle obama at the State of the Union dude it's all right for some Josh thank you very much I poser you didn't have to get dressed up for us next time thanks for watching for inside scoop I'm seam gas you