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...iPhones, in a late afternoon teleconference with analysts and press, despite sales figures that were tamer than some pundits had predicted, Cook said the company was extremely pleased with how the smart phone was faring. He pointed out that for the year, Apple sold 13.7 million phones, "well ahead of the 10 million unit goal we set for the year." Cook later added: "Our objective is not to be the unit share leader in the cellphone industry, it's to build the world's best phone...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

...said that the success of the iPhone and its Applications Store, whose 15,000 applets have been downloaded a half billion times, is causing competitors to try to follow Apple's lead. Cook then offered a veiled warning apparently directed at Palm, which is set to launch an iPhone competitor, the Pre, with its own touch screen-based interface. "We think competition is good. It makes us all better. And we are ready to suit up and go against anyone," he said. "However, we will not stand for having our IP [intellectual property] ripped off, and we will...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

When asked if he was referring to Palm, Cook said he didn't "want to talk about any specific company." However, Jon Rubinstein, a former Apple star who oversaw the iPod division, went to Palm last summer to spearhead The Pre project, and it's well known in the Valley that the defection rankled Apple...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

...Cook was similarly strident when asked (only once) about the health of CEO Steve Jobs, who recently announced he was going on a medical leave of absence until June. Jobs, who was diagnosed with pancreatic cancer in 2004, has been looking emaciated since a public appearance during the summer, and the stock price has whipsawed on sporadic rumors that the disease has recurred...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

...Cook declined to address Jobs's health directly, but took the opportunity to tell investors and the public that Apple itself was exceedingly healthy. "There is an extraordinary depth and breadth of tenure on the Apple team," he said, describing his company's 30,000 employees as "wicked smart...The values of our company are extremely well entrenched. We believe that we're on the face of the earth to make good products, and that's not changing. We're constantly innovating...

Author: /time Magazine | Title: Apple Stock Surges On Upbeat Earnings Report | 1/22/2009 | See Source »

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