Apple CEO Tim Cook Says iPhone Expansion Plans Include 50 More Carriers This Quarter

TechCrunch

In an interview with the Wall Street Journal, Apple CEO Tim Cook explained his views on topics ranging from smartphones to cash return to shareholders. To understand how Apple will make decisions in the future, it’s important to parse his words and thoughts. Briefly below we’ll look at the financial and the strategic comments made by the technology executive.

Strategic

As has been recently pointed out by ZDNet’s Ed Bott, Apple generates more than half its revenue from the iPhone line of smartphones. No other product group at Apple breaks the 20 percent mark.

Given that reality, Apple’s work to expand the carrier base that it can sell iPhones into is key for the company. According to Cook, Apple will pick up 50 new carriers globally this quarter alone. That’s nearly breakneck pace.

For the company, the Chinese market is a key growth opportunity. Apple is working with…

View original post 578 more words