Apple Tankwatch Message Board

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Technology Stocks : Apple Tankwatch

AAPL 273.40

-0.1%

Dec 26 9:30 AM EST

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To: sylvester80 who wrote (23012)	10/25/2012 8:04:05 PM
From: puborectalis	Read Replies (3) of 32692

Oct 25 (Reuters) - Apple Inc : * CFO says iphone 5 'demand has been phenomenal' * CFO says demand for iphone 5 continues to 'outstrip supply' * CFO says ended quarter with 9.1 million iphones in channel inventory * CFO says average revenue per Apple store was $11.2 million * CEO tim cook says seeing 'significant state of backlog' on iphone * CEO tim cook says iphone output has increased significantly in recent weeks Apple’s CEO Tim Cook took a dig at Microsoft’s soon-to-be released Surface tablet during Apple’s earnings call on Thursday, referring to it as a “fairly compromised, confusing product.” “I haven’t personally played with a Surface yet,” Tim Cook said in response to a question about the Surface and the competitive landscape in the tablet market overall. “What we’re reading about it is that it’s a fairly compromised, confusing product.” Cook went on to suggest that Microsoft and other competitors have failed to make the “hard trade offs” in their tablets that are necessary to make a successful product. “I could design a car that flies and floats, but I don’t think it would do all those things really well,” he said. Cook’s remarks were reminiscent of another statement he made earlier this year about why it’s a bad idea to try to make a tablet/laptop hybrid. “You can converge a toaster and a refrigerator,” he said in April, “but those things are probably not going to be pleasing to the user.”

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