Apple's CEO says company is 'cooking' up new stuff to reverse stock drop

Apple's CEO says company is 'cooking' up new stuff to reverse stock drop
Apple CEO Tim Cook has apparently been listening to fans, critics, analysts and investors who have criticized the company for its recent lack of innovation, which is being blamed as the reason behind the recent drop in Apple's stock price. At the annual stockholder's meeting, Cook told those assembled that Apple is working on "great stuff" that could reverse its recent stock price decline.

Recently, there has been some speculation that Apple is working on a smartwatch that has been dubbed the iWatch by the media. Supposedly, there are 100 engineers in Cupertino working feverishly on such a product which would have multi-touch support. Features are said to include the ability to respond to text messages, list phone calls, rearrange playlists and a recent patent application revealed how the device could be used to read a map with the flick of the wrist.

Apple's shares reached an all-time peak on September 21st at $705, the day that the company launched the Apple iPhone 5. Since then, Apple investors have complained about the company focusing on updating the Apple iPhone and iPad and not launching new products. There has been no earth-shattering new product since the death of co-founder Steve Jobs. Apple closed Wednesday at $444.57.

source: KTVU

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64 Comments

1. deadstroke

Posts: 113; Member since: Jan 22, 2013

boring!!!

5. wp8forever unregistered

Cook ,this is the way i see your apple , is a company that robbed money from stupid ppl ,by selling them the same product over and over again , at a really expensive price , but guess what , ppl are waking up , dont believe me lol look at the stock , thats what they been cooking for you .

7. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Look at the market cap value too. #1 or 2 most valuable company. Don't leave that out when u bash apple.

11. wp8forever unregistered

Sorry if my comment hurt your , and you saw you have and ipad 1,2,3,4 and they all are and do the same , that being said you fall in to the stupid category ,i mentioned befored lol .

12. gallitoking

Posts: 4721; Member since: May 17, 2011

sorry if the updates on the ipad 2,3 and 4 didn't satisfy your needs.. Apple goes by the saying.. if it ain't broken don't fix it.. and before there was nothing broken.. now there so here they come.. sorry if my comments interferes with your Apple bashing

20. wp8forever unregistered

Bro is no about fixing it cuz it was broken , is about changing it cuz we ,human get tired of the same thing , imagine is your girl put on the same outfit every day , and every thing were to be black and white lol boringgg , we all like different colors , disigns, sizes , you know why cuz we all different , thats what apple doesn't understand.

31. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

You should also re type your posts, the need correcting pretty bad.

45. BattleBrat

Posts: 1476; Member since: Oct 26, 2011

Daniel the Grammar Nazi , Red thumbs are your friend there danny ;)

50. bipinm

Posts: 124; Member since: Oct 07, 2012

but u got the point...right???

24. 14545

Posts: 1835; Member since: Nov 22, 2011

Please disappear again. We promise we didn't miss you.

32. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Yes you did, that's why you posted that.

18. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Nope didn't hurt me at all, and I'm highly intelligent... That's why I choose apple as my daily driver. Stupid people are the ones that troll every apple article, everyday, just to post stupid comments that have absolutely no impact on anything, other than green thumbs and lol's from their troll friends ... Ya know, like the one you just posted. Hmmmm.

22. wp8forever unregistered

Man once again , sorry if i hurt you and sorry to hear you admiring that you are stupid ,is all good we can all choose what we are ,enjoy your iphone 4 ,4s ,5 and your ipad 1,2,3,4 lol be happy.

27. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

I always enjoy the best.

38. Taters

Posts: 6474; Member since: Jan 28, 2013

Highly intelligent?! LOL You don't even know how to read properly.

40. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Sure I do... See.

67. messiah

Posts: 438; Member since: Feb 19, 2010

Cooking up new lawsuits

39. Tre-Nitty

Posts: 470; Member since: Nov 16, 2010

Yet, he is the first response, so what does that make you? Stuuuupid!

2. menny07

Posts: 89; Member since: Dec 13, 2012

BLARGH. In other news: the downfall continues. Let's see what new things you can cook up, Cook.

47. jsdechavez

Posts: 814; Member since: Jul 20, 2012

HAHA! LOWER PLEASE! lol

3. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Well fry it. It'll cook faster that way. I want my iPhone math, 5S, mini 2, and iPad 5. Lets get it crackin TIMMERRRR

48. chadrick0814 unregistered

Question? If Gallito says "if it ain't broken don't fix it," then why does apple need to continue releasing new products? What improvements are you most looking forward to in the new devices you listed? Micro sd, HDMI, BT file transfer, widgets?

52. darkkjedii

Posts: 31600; Member since: Feb 05, 2011

Well honestly you'd have to ask apple that, not me. I do think iOS is very functional yet stale, I look forward to a slightly new look while keeping the great core functionality intact. Micro sd has never been a need due to apple always putting a ton of internal memory in their devices, HDMI is already there, we'll see where they take Bluetooth 4.0, and widgets would be nice although on my note 2 I have a few of them on the screen and don't really change them.

59. lauremar

Posts: 181; Member since: Feb 29, 2012

And same old bunch of square icons on your homescreen thats been there since 2007.... LMFAO

4. centurion

Posts: 25; Member since: Jan 28, 2013

what a hypocrite LOL >_

55. tusshharish

Posts: 342; Member since: Oct 23, 2012

if you smell what the 'cook' is cooking....

6. ZeroCide

Posts: 816; Member since: Jan 09, 2013

The only thing cooking is Apple sauce!!! Can you smell it?

13. applesauce

Posts: 165; Member since: Aug 26, 2012

I'm cooked enough, thanks

8. iamthegreatcornholio

Posts: 3; Member since: Feb 27, 2013

London bridge is falling down falling down falling down opppssss.... sorry wrong song... apple stock is falling down falling down falling down apple stock is falling down falling down falling down My fair droid Apple should let the stock price 'settle down' to the real value sooner. The more Apple 'cook' the price to be up there, the harder it be when it fall.

9. affandi

Posts: 85; Member since: Jan 25, 2013

Come on now Apple, dont do me like that! Please, I've had so much fun watching your yearly presentations, laughing my ass off when you release identical products over and over again. Why do you suddenly have to act all.. innovative and stuff? That's some real new-age bulls**t man!

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