Future of Apple TV: During the Apple Inc. (NASDAQ:AAPL) first quarter earnings call that took place yesterday, CEO Tim Cook talked about some of the “incredible stuff” that the company has in its pipeline. While he did not go into further detail regarding new products, many are continuing to wonder if an Apple TV is on the horizon. This is something that has been alluded to in the past. And of course, it is something that a lot of people are quite interested in.
Despite the fact that everybody wants to learn more about the future of Apple Inc. (NASDAQ:AAPL) TV, Cook does not seem too excited about sharing any specific details with the general public.
Here is what he had to say yesterday when asked about the potential for an Apple TV, as reported by CNET:
“There's a lot we can contribute in this space so we can continue to pull the string and see where it leads us.”
Even knowing that millions of people were hoping for more, Cook did not share any concrete information pertaining to the finer workings of an Apple television or a potential release date. This is extremely frustrating for consumers interested in buying as well as investors.
The CNET article goes on to add the following information:
“The company sold more than 2 million Apple TV devices last quarter, according to Cook. This is up from 1.4 million devices from the same period last year.”
“Cook's answer sounds a lot like his response to a similar question from the same analyst, Piper Jaffray's Gene Munster, during last year's call.”
“Instead of answering the question, which relates to speculation over the possibility of an Apple-built TV, Cook pointed to the success of the Apple TV device. He said the device is favored by a "small niche" of people, a group that has grown. That's sort of different from "hobby," right?”
As you can see, Apple Inc. (NASDAQ:AAPL)’s Cook prefers to answer this question the same way, time and time again.