Reuters: Technology News: Apple CEO says he feels shareholders' pain, urges long view

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Apple CEO says he feels shareholders' pain, urges long view Feb 27th 2013, 19:10 Tweet Share this Email Print Related News Union pension adviser says will oppose two HP directors Mon, Feb 25 2013 Einhorn scores legal victory versus Apple in cash scuffle Sat, Feb 23 2013 Big hedge funds fueled fourth-quarter dive in Apple shares Thu, Feb 14 2013 Apple CEO calls Einhorn lawsuit a "silly sideshow" Tue, Feb 12 2013 Insight: Apple and Samsung, frenemies for life Sun, Feb 10 2013 Analysis & Opinion Apple's halo loses shine in investor fight Facebook IPO derivative ruling: a cure for multiforum madness? Apple CEO Tim Cook speaks to the audience during an Apple event in San Jose, California October 23, 2012. Credit: Reuters/Robert Galbraith CUPERTINO, California | Wed Feb 27, 2013 1:02pm EST CUPERTINO, California (Reuters) - Apple Inc CEO Tim Cook acknowledged on Wednesday that his shareholders were disappointed with a five-month slide of more than 30 percent in the company's share price but urged a focus on the longer term. "I don't like it either. The board doesn't like it. The management team doesn't like it," Cook told investors at an annual shareholders' meeting at the company's headquarters in Cupertino. But by focusing on the long term, revenue and profit will follow, he said. Cook added that the company was working on new product categories, but, as usual, would not elaborate. (Reporting by Poornima Gupta; Editing by Lisa Von Ahn) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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