Cash On Hand
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":102991,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"mobile,social,","session":"A"}']One question asked what Apple might do with its $26 billion in cash. Oppenheimer noted that after last quarter’s strong sales, Apple now actually has over $28 billion dollars in cash — and still no debt. In terms of what it may use this money for, Oppenheimer wouldn’t say, but we still have some fun ideas.
Netbooks
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
One particularly hot topic in recent months has been the sale of netbooks, very small, less powerful laptops that usually sell below the $500 mark. Cook said Apple was indeed watching the space but noted that Apple still felt such products were underpowered for most customers needs and that they could not get a good experience out of the smaller keyboard and display. “But we’ll see,” Cook ended with, leaving the door open to Apple potentially moving into the space in the future.
Apple TV
iPhone nano
No one specifically asked about the “iPhone nano,” the name members of the media are giving to a smaller, potentially cheaper version of the iPhone that’s been rumored for some time now, but Cook indirectly responded to it when asked about iPhone competitors. He noted that developing software on devices with multiple screen sizes and resolutions was hard on developers, so Apple clearly wants to avoid that (this would seem to be a knock on Google’s Android platform, which is on several different devices with more coming this year). The iPhone nano would of course be smaller than the current iPhone and would have a smaller screen — so that statement seems to rule out such a device for now.
Cook also noted that the $199 price point offers a “compelling value and we see nothing in the marketplace that is anywhere close to it.” So that seems to pretty much rule out a $99 iPhone for the time being.
[aditude-amp id="medium1" targeting='{"env":"staging","page_type":"article","post_id":102991,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"mobile,social,","session":"A"}']
Palm Pre
The next question asked Cook to elaborate on which companies he might be referring to. Cook said he didn’t want to talk about any specific company, but I think it’s pretty clear who he meant. Look out, Palm!
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More