Menu
Apple goal of 10 million iPhone sales stays on track

Apple goal of 10 million iPhone sales stays on track

Apple remains on course to sell ten million iPhones in the current financial year, senior executives told shareholders Tuesday.

The company's annual shareholder meeting took place at Apple headquarters in Cupertino. Five of the eight board members, including former vice president Al Gore and Google CEO Eric Schmidt, attended the meeting.

Apple CEO Steve Jobs, flanked by chief operating officer Tim Cook and chief financial officer Peter Oppenheimer, answered a few questions.

The men revealed Apple plans to launch iPhone in China and India this year. "We will enter Asia with the iPhone in 2008. We will one day enter China, we're not saying when, and we will one day enter India," Cook said.

Asked about his succession plans, Jobs said: "I've been asked that before. If I'm run over by the bus, I hope there won't be a party." Despite the quip Jobs stressed his belief that "any number" of Apple's top executives could lead the company in his stead.

Led by the AFL-CIO Reserve Fund, shareholders managed to pass a resolution ("Say on Pay" ) that gave them a say on executive compensation. The proposal requires Apple's board to ask that shareholders vote on a non-binding resolution each year regarding pay of top executives.

Shareholders rejected a proposal to create a board committee for sustainability. Apple also said it has no plans for a stock buyback or dividend.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Apple

Featured

Slideshows

Meet the leading customer-centric Microsoft channel partners

Meet the leading customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the leading customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments