Apple stockholders hold annual meeting

Apple stockholders hold annual meeting
Apple's stockholders' meeting today was supposed to include voting on Carl Icahn's non-binding proposal, suggesting that Apple buy back $50 billion of its shares. But Icahn recently withdrew the motion, which took the excitement out of the meeting. The highlight turned out to be shareholders re-electing eight board members, including former Vice President Al Gore.

CEO Tim Cook made some interesting comments. Comparing the first OG Apple iPad to the Apple iPad Air, he called the former tablet "embarrassing." And after bragging about the all-time tech record of $171 billion in revenue that Apple brought in last year, Cook told the stockholders in attendance, "We want to grow more. And this morning, we want to unveil some new products ..." But Cook admitted he was just kidding, taking the air out of the room.


Many in the room didn't appreciate the joke, which reminded  many of the the stockholders attending, that Apple hasn't had an innovative new product since 2010.



source: MercuryNews, Bloomberg

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11 Comments

1. Kishin

Posts: 706; Member since: May 30, 2013

New products is all saw in this article..So exciting..

5. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

Lol, right!...Yeah, politics are boring..

2. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Why is Tim Cook calling their former iPad tablet design "embarrassing"? Any one could make a guess?

6. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

It was heavy, battery life wasn't great, and it had a horrible screen, same as the first iPhone. It's not about what you used to do, it's about what you are doing.

7. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

Sounds kinda like a Surface Pro.. Lol!

11. g2a5b0e unregistered

Sure, if you're looking at it by today's standards. None of those things were necessarily true when it came out though.

3. networkdood

Posts: 6330; Member since: Mar 31, 2010

oh joy, Al Gore...what a phony

4. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

"" Apple shareholders hold annual meeting.. They decide that it would be best to have the iPhone6 run WP8.1, and make Ballmer CEO""" ........................ Lol!!! Just joking.. :-):-):-)

8. Miracles

Posts: 560; Member since: Aug 31, 2013

The video was rude. Climate change is much more important than them stockholders making money.

9. PBXtech

Posts: 1032; Member since: Oct 21, 2013

Brutal quote, sounds like they aren't too fond of Tim and miss Steve. Too bad for Tim most shareholders don't know jack about running corporations.

10. superduper

Posts: 151; Member since: Oct 20, 2013

Not sure how the Mac Pro is not innovative and new. It squeezes an unimaginable amount of power into a tiny frame, much smaller than the average desktop PC tower. I can't think of any cylindrical desktop computers or workstations that existed before it was released. PCs are still box shaped, as they have been since the '80s. That's 30 years of convention overturned.

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