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FBN's Shibani Joshi on Apple CEO Tim Cook's comments at the shareholder meeting and its stock price.
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More from apple exactly.
So Whitmore let's bring in our tech reporter Shibani Joshi Shibani.
So what.
-- asked him -- comments there what do you think I a couple of things first I mean he really sides liked to the issue that a 10737.
Billion dollars in cash not giving us giving us any I indication.
A specific uses have -- eggs -- explaining that you gotta be focused.
As an investor on the long term specifically on new product categories you analysts -- -- we're saying hey show me that -- Friday.
I -- I products will be that new television set and that new I watch possibly.
But these products say they're not gonna make it to store shelves until sometime at the end of this year may -- 28142015.
So we are in this sort of middle ground where apple is seeing its share price decline very much here at 52 week low.
Hit an all time high 705 in September -- losing 250.
Billion dollars in market cap.
It's got this cash David Einhorn wants some updates at least satisfying and they -- from the fact that the stock has dropped 40%.
Yes they have this dividend of two dollars and fifty some odd cents.
But it isn't and that's specifically because of those catalysts -- are not on the short term horizon long term.
Is good at its year long term investor -- in the short term a lot of investors still want some sort of capital appreciation and added the specific issue.
That was sites right today I had Tim Cook.
Yeah sidesteps -- -- thanks so much let's get.
