Apple CEO Tim Cook fielded questions from Goldman COO Gary Cohn as Apple market value reached a record $ 700 billion. The company will be investing $ 850 million in a new solar farm and doubling its Chinese Apple stores. Chris Kievman, Marco Della Cava for USA TODAY
Automatically Generated Transcript (may not be 100% accurate)
00:03 We’re here at the palace hotel in San Francisco where
00:05 Goldman Sachs is hosting its annual technology conference which runs for
00:09 the next couple days. Bristol-Myers Yahoo! is up next but. Just
00:13 finishing now Apple’s CEO Tim Cook who was in conversation. With
00:17 Goldman CEO Kerry Collins. Now cooked stuck mostly to the apple
00:23 script of course things are going amazingly well for the company
00:26 just now. That got to 700 billion dollar market cap the
00:30 only news that really came out of today was a cook
00:33 mentioning that there investing 800. Fifty million dollars and a solar
00:37 farm in Monterey county which will help. Power. It’s at various
00:41 facilities of course that’s part of cook’s ongoing effort to make
00:45 the company. Greener and more socially responsible. Could go also took
00:51 a moment to talk about the tremendous growth in emerging markets
00:54 that it got that fifty billion dollars in revenue there. 38
00:58 billion dollars of that is in China alone the company currently
01:02 has nineteen standalone flagship stores there and they’re looking to pump
01:06 that up to forty. Let the middle of 2015. Although cook.
01:11 Talk a little bit about apple wants he since sitting is
01:14 the new cancer and he personally uses his watched him. Buzz
01:18 him every hour or so to get up and walk around.
01:21 You can see much more about when the product will be
01:23 unveiled. He did say though that he expects watch to essentially.
01:28 Eat all competitors to the punch much the way iPod did
01:32 in the MP3 market and iPad did with the tablets cook
01:37 also drew applause once when he looked around the room and
01:40 said. You know they’re entirely too many men here we need
01:43 more women and minorities again part of cook’s effort to make
01:47 his own company. More socially conscious and he’s been banging that
01:51 drum steadily now. And we’ll to be adjusting to see what
01:55 he does throughout the course of the year on that front.
01:58 Lastly when asked if I cheaper iPhone might be coming out
02:03 apps is selling more units. Cook was emphatic he said our
02:06 job is to make the best not the most answer at
02:10 least so far that strategy has paid off for apple. From
02:14 San Francisco I’m market helicopter for USA today.
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