SAN FRANCISCO (AP) – Apple CEO Tim Cook says consumer demand for new iPhones has been “staggering” and “hard to comprehend.” That helped the company report record-smashing earnings for its latest quarter and primed its stock for a rally Wednesday.
But after selling a record 74.5 million iPhones in three months that ended in December, what can Apple do next?
Some analysts worry that Apple depends too much on the iPhone, which contributes two-thirds of its sizable revenue – leaving the company vulnerable if some other gadget comes along to replace the iPhone in popularity. Cook and Chief Financial Officer Luca Maestri, however, say they’re optimistic about other products in Apple’s portfolio. Here’s some of what they talked about on Tuesday.
Apple Watch
Apple plans to start selling its highly anticipated smartwatch in April, Cook told analysts on a conference call after the company’s earnings report Tuesday. He added that developers are working on new apps called “Glances” – apparently in reference to the way people will view those apps on their wrists.