时间:2025-04-26 17:25:45 来源:网络整理编辑:新聞中心
It's been a rough week for Apple.The company reported its first sales decline in 13 years last week,
It's been a rough week for Apple.
The company reported its first sales decline in 13 years last week, bringing to end a decade-plus hot streak. Skittish Wall Streeters reacted by selling off the company's stock en masse, cratering its market value by more than $50 billion.
Typically press-shy Apple CEO Tim Cook visited CNBC's Mad Money with Jim Cramer on Monday night to attempt some damage control and remind everyone that he still runs the richest and most successful company in the world.
SEE ALSO:Apple needs a hot new product, and it can't be another iPhone"I think that's a huge overreaction," Cook said of pessimistic investors. "We just had an incredible quarter by absolute standards."
To put into perspective what a lukewarm quarter means for the world's richest business, the company's $10 billion in profits still eclipsed those of any other business and its revenues dwarf the entire market worth of most Fortune 500 companies.
Cook claims the company is a victim of its own success.
"What we're seeing is that people are upgrading [their iPhones] at a different rate -- a lower rate than they did last year -- but still higher than the year before," Cook said. "So we had this abnormally high upgrade rate last year as people bought into the iPhone 6 and now we're comparing to that."
But fears persist that the market for iPhones -- Apple's biggest-selling product by a huge margin -- is flatlining in developed countries and in China, which accounts for a big chunk of its sales.
Last week, billionaire activist investor Carl Icahn said he planned to sell off his remaining shares in Apple because of concern about an economic slowdown in China.
Critics also worry that Apple's innovation pipeline has been slowing of late and that the company is too reliant on consumer appetites for a single product that constantly needs to be revamped in order to stay relevant.
Cook tried to quell these doubts by assuring Cramer that the tech giant will once again be the source of the Next Big Thing in consumer electronics as it has been with the iPod and the iPhone.
"We're going to give you things that you can't live without that you just don't know about today," Cook assured Cramer. "That has always been the objective of Apple."
One of Apple's attempts at that next phenomenon, the Apple Watch, has been slow to take off in the mainstream despite growing into a billion-dollar money-maker.
But Cook stood by the company's faith in the product, arguing that it's unfair to expect it to become a blockbuster overnight.
"In a few years, we will look back and people will say, 'How could I have ever thought about not wearing this watch?'" Cook said.
Have something to add to this story? Share it in the comments.
TopicsApple
Photos show the Blue Cut fire blazing a path of destruction in California2025-04-26 17:12
79球!梅西上演帽子戲法 超貝利成南美國家隊射手王2025-04-26 17:11
馬寧傅明執法受認可 中國裁判衝擊世界杯競爭激烈2025-04-26 16:41
國青隊長登陸西班牙 文化課也是學霸外號何三百2025-04-26 16:27
Twitter grants everyone access to quality filter for tweet notifications2025-04-26 15:43
索帥確認C羅今日將完成首秀:某個時刻肯定會登場2025-04-26 15:40
轉會費回本!C羅球衣銷售額1.87億鎊 接近梅西2倍2025-04-26 15:21
國足行李過多創紀錄行程延誤 重返沙迦足協租下整座酒店2025-04-26 15:19
Did our grandparents have the best beauty advice?2025-04-26 14:53
李可教師節發文感謝溫格 :他是我足球生命的領路人2025-04-26 14:51
You will love/hate Cards Against Humanity's new fortune cookies2025-04-26 17:07
巴黎前瞻:梅西領南美國腳集體缺席 攻擊線上真空2025-04-26 16:55
李可教師節發文感謝溫格:他是我足球生命的領路人2025-04-26 16:42
溫格提議世界杯兩年一次偶數年踢 奇數年各洲杯賽2025-04-26 16:38
Major earthquake and multiple aftershocks rock central Italy2025-04-26 16:05
陝西女足U18隊全運會創曆史 點球戰勝山東隊摘銅2025-04-26 15:49
國足與阿聯酋俱樂部熱身恐難達到效果 阿曼模式值得借鑒2025-04-26 15:23
以淚洗麵 ?曝梅西告別巴薩後 阿圭羅曾失眠多日2025-04-26 15:15
WhatsApp announces plans to share user data with Facebook2025-04-26 14:53
冠絕南美!巴西世預賽三數據創曆史 跨屆豪奪9連勝2025-04-26 14:45