Published: Thu, January 10, 2019
Medicine | By Brett Sutton

Tim Cook teases 'new services' from Apple this year

Tim Cook teases 'new services' from Apple this year

"If you zoom out into the future, and you look back, and you ask the question, 'What was Apple's greatest contribution to mankind?' It will be about health".

Apple has been working to get a video streaming service off the ground for years, and with many content deals tied up and production underway, it's anticipated that 2019 is the year we will finally see what Apple has been working on.

Despite a year which saw a big chunk of the company's value wiped, Apple decided that such visionary management was worth a hefty 22 percent pay raise in 2018, bringing Cook's total compensation for the year to nearly $15.7 million.

While the company is most known for the iPhone, they generated a staggering $100 billion in revenue from other products.

Amid the gloom over tumbling iPhone sales, Tim Cook offered one shred of comfort for embattled shareholders: the bonanza from app downloads continues to grow. He stated that current revenue from wearables is 50% more than the iPod at its peak. After releasing the Apple Watch Series 4 a year ago, with its innovative ECG (electrocardiogram) reading capabilities, the company is now on track launch new features aimed at helping people to better manage their health.

"In terms of the naysayer, I've heard this over and over again", Cook said in an interview Tuesday with Jim Cramer on CNBC. "In fact, categories outside of iPhone (Services, Mac, iPad, Wearables/Home/Accessories) combined to grow nearly 19 percent year-over-year", also stated Cook in his letter.

The trade agreement between USA and China "needs to be updated" and Cook is "very optimistic" an agreement can be made. Cook says he's "heard this over and over again" and isn't anxious.

Mr Cook, in an interview with CNBC just six days after a sales warning sent shares skidding, highlighted a "culture of innovation" that he predicted would keep Apple a major force in technology. "This is, in our view, illegal", he said.

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