Qualcomm says Apple chief Cook's comments are 'misleading' in iPhone battle

Apple has a big new product coming this year - but it might not be what you expect

Tim Cook makes 300 times more than average Apple employee – company’s filing

Tim Cook further mentioned that in future when the world would look at the biggest contribution of Apple to mankind, it would be from health.

Apple CEO Tim Cook teased "new services" expected from the company in 2019 during an interview with Jim Cramer on CNBC's 'Mad Money'.

While Cook got yet another salary hike in 2018 off the robust sales performance by Apple, this year might not be so favourable.

Earlier this week, at the Consumer Electronics Show, Apple's software was a key component of product announcements made by other manufacturers, illustrating the company's willingness to open its garden walls to make its services more widely available. He stated that current revenue from wearables is 50% more than the iPod at its peak. Cook didn't offer any specific details aside from a focus on health care, but said it relates to technologies the company has been working on "for multiple years". Cook said, "You will see us announce new services this year".

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Apple has been keen to stress its growing services revenue as it finds itself under intense scrutiny following its recent warning that revenue from iPhone sales during the holiday quarter would be down from previous expectations.

Apple's ambitions in health monitoring and services are a secret to no one at this point. Apple's stock grew to record highs past year before taking a big hit in the last quarter after Wall Street grew concerned over iPhone sales and production issues. "And as we've gotten into healthcare more and more through the Watch and through other things that we've created with ResearchKit and CareKit and putting your medical records on the iPhone, this is a huge deal".

Apple and Qualcomm have been locked in a legal battle in which Apple has accused Qualcomm of engaging in illegal patent licensing practices to preserve a dominant market position in so called modem chips, which help mobile phones connect to wireless data networks. Cook made it clear that this case will keep raging on for a long time to come with little chance of a settlement.

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