Apple Shareholder Meeting Notes: iPhone, iTunes Movies, Jobs' Successor
Apple held their annual shareholder meeting today. MercuryNews provides some notes on the meeting. Investors passed a proposal asking the company to allow investors to have an advisory vote on executive compensation.
"It's a great vote," said Scott Adams, a research coordinator at the American Federation of State, County and Municipal Employees, a member of the AFL-CIO, which sponsored the proposal. Even though Apple is "a great company, shareholders still want a say on pay," he added.
The board can choose to accept or ignore the proposal. In general the mood seems to have been positive, with a few common questions being addressed:
- Jobs and executives, of course, would not comment on future products or plans.
- Jobs confirmed that they were expecting to sell 10 million iPhones in 2008.
- Apple does plan on offering the iPhone in China and India "one day".
- Jobs stated he is "not happy about" the fact that they were unable to meet the 1000 movies on iTunes goal by the end of February. Jobs blamed the delay on movie studios getting the necessary approvals from various rights holders of each film.
- No plans to offer dividends or buy back stock.
- Regarding Steve Jobs' successor, he sees many possible candidates amongst Apple's current executives.
"We've got great talent, and I think the board would have a few really good choices," said Jobs, 53. "We talk about that a lot." Candidates include Cook and Chief Financial Officer Peter Oppenheimer, he said.
Popular Stories
Google recently made waves by showcasing a set of lightweight smart glasses featuring deep Gemini integration and an optional in-lens display. The demo has reignited interest in Apple's own smart glasses project, which has been the subject of rumors for nearly a decade. Here's a recap of where things stand.
Current Development Status
Apple is actively working on new chips specifically...
Apple is planning to launch a set of smart glasses by the end of 2026, reports Bloomberg. The glasses will be comparable to the Meta Ray-Bans and the Android XR glasses that Google showed off earlier this week.
Apple's smart glasses are expected to include cameras, microphones, and AI capabilities, much like the Meta Ray-Bans. The glasses will be able to take photos, record video, provide...
Apple's recently announced CarPlay Ultra promises a deeply integrated in-car experience, but not all iPhone users will be able to take advantage of the new feature.
According to Apple's press release, CarPlay Ultra requires an iPhone 12 or later running iOS 18.5 or later. This means if you're using an iPhone 11, iPhone XR, or any older model, you'll need to upgrade your device to access...
OpenAI is acquiring io, the hardware-based AI startup co-created by Jony Ive, OpenAI announced today. Ive has been working with OpenAI CEO Sam Altman on io for two years, and the duo expects to develop a family of AI devices.
In a video shared by OpenAI, Altman and Ive outlined their partnership and what they expect to create as a result of the merger. "I have a growing sense that everything ...
The big news in the technology world this week is that ChatGPT maker OpenAI is working more closely with Apple's former design chief Jony Ive on a futuristic AI device. The company is remaining tight lipped about the device, but Apple supply chain analyst Ming-Chi Kuo has shared some alleged details about its design.
In a social media post today, Kuo said the device will be "slightly larger" ...
The Worldwide Developers Conference (WWDC), Apple's annual developer and software-oriented event, is less than three weeks away. We haven't heard a great deal about macOS 16 ahead of its announcement this year, so we could be in for some major surprises when June 9 rolls around. Here's what we know so far about the next major update to Apple's Mac operating system.
macOS 16 Name?
Every year ...
Apple today announced a more detailed schedule for its annual developers conference WWDC, which runs from June 9 through June 13. The schedule confirms that Apple's keynote will begin on Monday, June 9 at 10 a.m. Pacific Time, with a live stream to be available on Apple.com, in the Apple TV app, and on YouTube.
During the keynote, Apple is expected to announce iOS 19, iPadOS 19, macOS 16,...