Wednesday, 16 January, 2019

Apple's greatest contribution to mankind will be health, says Tim Cook

Apple has a big new product coming this year - but it might not be what you expect Tim Cook makes 300 times more than average Apple employee – company’s filing
Gustavo Carr | 11 January, 2019, 08:57

"We continue to believe the services business, poised to exceed US$50bn in FY20, will be the ultimate driver for the next phase of the Apple growth story set to take hold over the coming years with 190 million to 200 million iPhones shipping in both FY19 and FY20 based on our new estimates", Wedbush said.

"They're things that we feel really great about, that we've been working on for multiple years".

Thursday's share price slump pushed Apple's market capitalisation to US$700bn, meaning it had lost US$450bn in value since its peak of US$1.1trn previous year.

The Apple boss put particular emphasis on healthcare.

Tim Cook further mentioned that in future when the world would look at the biggest contribution of Apple to mankind, it would be from health. He stated that with products like the Apple Watch, ResaearchKit and CareKit Apple was "democratizing" healthcare.

"We are taking what has been with the institution and empowering the individual to manage their health".

Jaguar Land Rover to cut thousands of United Kingdom jobs
JLR is a major employer in the Midlands with plants in Solihull, Castle Bromwich and Wolverhampton. Production-line workers won't be affected, they said.

In his interview with Cramer, Cook said trade tensions between China and the United States created the sharp downturn, but he said he believes the situation is temporary. On the other hand, Apple is said to invest over $1 billion on original TV content which is not accessible anywhere at the moment.

Cook, who said some of the company's recent troubles in China were temporary, said a trade deal with Beijing was very possible, expressing optimism that a deal "will be good, not only for us, frankly, but I think more about the world in general".

The interview helped lift Apple shares by 2.2 per cent to US$151.19 in afternoon trading.

People walk by a video display promoting 5G connectivity at the Qualcomm booth during the 2019 CES in Las Vegas, Nevada, US January 8, 2019. "This is, in our view, illegal". He also appeared to suggest that Qualcomm had paid someone to write fake news and then promoted it.

There are two potential services that Cook could have been talking about during the interview.