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Tim Cook talks privacy at Apple's shareholder meeting (Inside Scoop)

2016-02-26
Apple's annual shareholder meeting has just wrapped up Connie Guglielmo from Sina news editor in chief has just been inside now Connie the big question on everyone's lips how did Tim Cook respond to the San Bernardino and FBI investigation I think the most interesting thing was how shareholders in the room responded as soon as he walked in there about 500 shareholders attending the meeting they gave him a standing ovation so even though there's some public opinion polls with mixed results and what people think of Apple stance against FBI shareholders today decidedly were in Apple's favor so I know that Reverend Jesse Jackson and the Electronic Frontier Foundation were also in attendance what did they say so they were among the first two speakers in the question-and-answer session and they addressed the FAI case against Apple they applauded Tim Cook's stance and Apple stands for privacy on behalf of their customers Reverend Jackson actually called to Tim Cook a man of integrity and character and he applauded him for standing up for the rights of everyone not just the single iPhone user in terms of business results and product performance do we get any extra insights from Tim Cook on that he really just we you know recall to the great year that Apple has had from a product perspective and also from a revenue and profit perspective Apple is the most valuable company in the world shares of the company have been up and down that's more reaction to some of the things they're doing but in terms of product sales and revenue Apple had a banner and record year and he pointed that out and he particularly called out how successful they have been in China there's been a lot of questions about doing business in China but he made a point of saying that the middle class in China which has been five million people five years ago is expected to be half a billion people in five years Apple sees huge upside in China and has invested by opening a lot of retail stores there and apart from the standing ovation how else did shareholders react to Tim Cook's announcements you know it was very interesting after the e FF and jeffrey jeff reverend jackson comments most of the shareholder questions were about the business of Apple people asked about their interest in going after business customers through the retail store they asked about iOS software being compatible with older devices they asked about services revenue so the shareholders were very interested in getting back to the business of how Apple does thing the last question they asked was about the new campus ample Apple is building a giant new campus that former CEO Steve Jobs helped design before he died it's going to be done starting in January people will be moving in shareholders about five hundred of them more than five hundred then we're here today but some ended up in the overflow room and Tim Cook assured them in about two years he'll have a giant meeting room so that everyone can be in the same room and ask questions Connie thank you so much and for the latest Apple news reviews and analysis head to cnet.com
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