At Apple’s annual gathering of shareholders, CEO Tim Cook put down claims that the product is a “hobby.” Cook said, “That hobby was over a billion dollars of revenue last year. It’s a little hard to call it a hobby anymore.” The meeting was originally billed as a showdown between activist investor Carl Icahn and …
Apple CEO Tim Cook is still trying to convince shareholders that the iPhone maker remains a step ahead in the race to innovate, even though recent performance of the company’s stock lags behind other technology trendsetters. Cook tantalized the crowd at one point when he told them he planned to provide a glimpse at the …