Apple COO Tim Cook used his company's April 20 earnings call to talk about the Samsung lawsuit and mention CEO Steve Jobs' health.
Apple COO Tim
Cook used his company's April 20 earnings call to shed a little light on the
company's upcoming legal battle against Samsung, and offered a brief update on
CEO Steve Jobs, who is officially absent on medical leave.
"We do see him
on a regular basis," he said, referring to Jobs. "He continues to be involved
in major strategy decisions." But would Apple's famous leader eventually return
to full-time duty? "He wants to be back as soon as he can."
strong sales for the fiscal 2011 second quarter ended March 26, with revenues
of $24.67 billion and net profit of $5.99 billion-a significant rise from the
year-ago quarter, when the company logged revenues of $13.50 billion and
quarterly profit of $3.07 billion.
those numbers were quarterly sales of 3.76 million Macs, 18.65 million iPhones,
9.02 million iPods and 4.7 million iPads. "We sold every iPad 2 that we could
make during the quarter," Apple Chief Financial Officer Peter Oppenheimer said
during the earnings call. "Seventy-five percent of the Fortune 500 are testing
or deploying the iPad."
absence on the actual call (he does show up on occasion, if only to argue that
Google Android tablets will always prove inferior to the iPad), Jobs issued an
upbeat statement as part of Apple's earnings release. "We're firing on all
cylinders," he wrote. "We will continue to innovate on all fronts throughout
the remainder of the year."
almost certainly release a new iPhone and revamped iOS later in the year, along
with Mac OS X 10.7 "Lion," the next version of its operating system for
Apple's dominant position in the tablet arena, and commanding market share in
smartphones, the company finds itself increasingly challenged by the growing
family of Google Android devices. Apple recently filed a patent-infringement
lawsuit against one of its biggest rivals in that area, Samsung, which offers
an Android-based line of Galaxy Tab tablets and Galaxy S smartphones.
innovate and develop its own technology and a unique Samsung style for its
smartphone products and computer tablets, Samsung chose to copy Apple's
technology, user interface and innovative style in these infringing products," Apple wrote in its suit
. Soon after, Samsung
issued a statement that it was planning to take "legal action" against Apple.
matters is Samsung's position as a major Apple components supplier, something
that Cook acknowledged during the earnings call.
"I expect a
strong relationship will continue," he said. Nonetheless, "we felt the mobile
division of Samsung had crossed the line ... after trying for some time to work
the issue, we decided to rely on the courts."
growth aside, some analysts expect the iPad to maintain its leadership position
introduction of competitive 10-inch Android 3.0 (Honeycomb) tablets at CES, MWC
and CTIA from OEMs such as Motorola, LG, Samsung and others, we expect Apple to
hold dominant market share of the tablet market in C2011," T. Michael Walkley,
an analyst with Canaccord Genuity, wrote in a co-authored April 20 research
note. "In fact, our checks indicate strong sales of iPads despite the stock-outs
and slowing sales of the Xoom following the iPad 2 launch."
prepping two new Android 3.0 tablets, measuring 8.9 inches and 10.1 inches, for
release this summer.