"If you zoom out into the future, and you look back, and you ask the question, 'What was Apple's greatest contribution to mankind?' It will be about health". Despite some troubles in 2018, Cook is confident that 2019 will be a great year for Apple. This number is up 19% from the previous year and Cook wants to continue to see that number grow. On a trailing basis (.) the revenue from wearables is already 50 percent more than iPod on its peak.
Apple's services, which include the App Store, iTunes, Apple Pay, Apple Music and iCloud, have been growing rapidly quarter over quarter.
"For 2018... we achieved net sales of US$265.6 billion and operating income of US$70.9 billion, each representing a year-over-year increase of 16 percent, and exceeding the 2018 maximum annual cash incentive program goals for both of those performance measures", the filing read.
"In terms of the naysayer, I've heard this over and over again", Cook said in an interview Tuesday with Jim Cramer on CNBC. One major area for these new products and services will be in personal health.More news: Migrant ordeal comes to an end: Stranded migrants finally land in Malta
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The trade agreement between US and China "needs to be updated" and Cook is "very optimistic" an agreement can be made. "In fact, categories outside of iPhone (Services, Mac, iPad, Wearables/Home/Accessories) combined to grow nearly 19 percent year-over-year", also stated Cook in his letter.
Cook also spoke about Qualcomm, the chip maker it is now locked in a legal battle with over unfair patent licensing practices.
Tim Cook says Apple's product pipeline "has never been better". Cook made it clear that this case will keep raging on for a long time to come with little chance of a settlement.
On top of it all, last month Apple was also ordered by the Fuzhou Intermediate People's Court to stop selling and importing all iPhone models from the 6s to the X in China after concluding that Cupertino was infringing on two Qualcomm patents.