Cook had this to say about Apple’s place in the PC market:
“The market for PCs are incredibly weak […] the largest decline I can remember. At the same time we also sold 20 million iPads, and it’s also true that some of those cannibalized Macs […] I personally don’t think it’s a huge number […] with that said, I don’t think this market is a dead market […] we’re going to continue to innovate in it […] the huge growth in tablets may end up benefiting the Mac […] people may be even more willing to buy a Mac. We’re going to continue making the best personal computers. Our strategy’s not changing, and we fell really good about it.”
“This is an area we’re continuing to invest in.”
For a longer take on Apple Inc. (NASDAQ:AAPL)’s latest conference call, read about it here, on Insider Monkey.