Tim Cook says he’s ‘greatly optimistic’ about Apple’s future at shareholders meeting

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Shareholders accredited Apple’s advisable proposals, shot down two that it advisable in opposition to, and requested a variety of questions on the firm’s annual shareholder assembly.

In the course of the online-only assembly, stockholders voted on the election of administrators to Apple’s Board. The shareholders accredited all nominees, which included James Bell, Tim Prepare dinner, Al Gore, Andrea Jung, Artwork Levinson, Ron Sugar, and Sue Wagner.

So far as proposals, shareholders voted sure on the 2 proposals that Apple advisable and voted in opposition to the 2 proposals that it did not.

The passing proposals had been the re-appointment of Apple’s public accounting agency for auditing functions and the approval of Apple’s government compensation. The 2 failed proposals, each submitted by shareholders, centered on amending proxy entry for director nominations and “enhancements” to Apple’s government compensation program.

Apple CEO Tim Prepare dinner additionally provided a recap of the corporate’s progress throughout 2020, masking many of the identical floor because the Cupertino tech large’s first quarter earnings report.

“Apple makes the perfect, most helpful, most revolutionary, most trusted merchandise on the market, and [in 2020], we took that mission to a different degree,” Prepare dinner stated on the assembly. He added that AirPods Max had been “massively standard” amongst shoppers, and referred to as the HomePod mini a “hit.”

Though he did not supply any extra particulars about Apple’s upcoming merchandise, he did say there are “thrilling issues” forward for iPhone and “nice issues” for its laptop lineup.

Prepare dinner additionally provided particulars on subjects starting from App Retailer regulation to Apple TV+ when responding to shareholder questions.

On the primary level, Prepare dinner reiterated Apple’s stance that it does not have a dominant place in any promote it competes in.

“Whereas scrutiny is truthful, accusations like these collapse after an affordable examination of the details,” Prepare dinner stated, referring to antitrust allegations levied on the firm.

Prepare dinner additionally provided shade on current conditions just like the extreme climate in Texas and the controversy surrounding financial stimulus plans within the U.S. On the primary level, Prepare dinner reiterated Apple’s donations to aid teams and the way it’s supporting staffers on the bottom. On a stimulus plan, Prepare dinner says the “first precedence of any stimulus must be about serving to folks.”

The Apple chief government additionally shared a tidbit about how the world has modified in the course of the international coronavirus pandemic, and the way Apple has not.

“In so some ways, the world has modified, however in elementary methods, Apple has not,” Prepare dinner stated. “Apple is made up of people that need to spend their lives making issues that enrich the lives of others, making them extra fulfilled, extra artistic, and extra human.

“We’re comfy saying no to quite a lot of issues and laser centered on the areas the place we are able to have the best impression, innovating relentlessly. Know-how made by folks, for folks, and with folks’s effectively being in thoughts,” Prepare dinner added. “At its finest and most hopeful, expertise ought to assist us go away the world higher than we discovered it.”

Waiting for 2021 and past, Prepare dinner stated he feels “significantly optimistic in regards to the future.”

“For all of us at Apple, we’re considering deeply as at all times about how we might help our communities emerge from this stronger, how restoration from this may be truthful and equitable, and the way all of that may be helped by world-class expertise that places humanity at its coronary heart,” the Apple CEO stated.


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