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Tim Cook talks up wearables, mobile payments and healthcare

2018-02-13
I'm Sharon Tipton with CNET News I'm here in Cupertino California at Apple Park Apple's new campus the company held its annual shareholder meeting here for the first time and there were tons of investors out to learn what's in store for Apple the first part of the shareholder meeting is pretty routine they really like board members they hear other proposals about compensation this year there was a proposal from a shareholder to set up a human rights committee that did not pass it's really the second part of the shareholder meeting that everybody's coming for and that's the qat with Tim Cook so this is an opportunity for investors to kind of ask basically anything they want and we really saw a lot of that here today one investor asked if Apple was going to get into oral healthcare Tim Cook said no we also had a lot of compliments people saying how much they liked the campus people I talked to that was a really big reason why they wanted to come out here today they wanted to see what Apple perk looked like they wanted to go in the Steve Jobs theater they wanted to see Tim Cook in person a few things that Tim Cook talked about that were pretty interesting he said that mobile payments hasn't taken off quite as quickly as he thought it would when I talked to Tim Cook a couple years ago at an event he said he believed that Apple would kill cash now he's saying he hopes that cash is dead before he dies basically Cook also talked about health care Apple really sees this is a big opportunity for them in doing things that it doesn't necessarily mean that this is a something that they have to do to get reimbursed from the federal government he also talked about tax reform this was kind of a huge thing for Apple this year they have almost three hundred billion dollars in cash most of its overseas with the tax reform passed by Congress Apple's able to bring it back with paying only 38 billion in taxes Tim Cook talked about the benefits of that for Apple and for the shareholders we also heard about some other areas like wearables with ear pods Apple watch this is becoming a really big business for Apple he said it's about the size of a fortune 300 company at this point then there were some other comments about R&D other random questions there always seem to be people wanting Tech supports one woman asked when the iPhones would be waterproof which they've been water resistant for a couple generations now I'm sure Tipton with CNET news thanks for tuning in
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