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No new products until this fall, Apple CEO Tim Cook says

Above: Apple CEO Tim Cook

Image Credit: Dean Takahashi/VentureBeat

“We’ve accomplished a tremendous amount,” Tim Cook said today in his Apple earnings conference call, adding that the company has “set many sales records.”

But it looks like a new iPhone, a cheaper iPhone, a new tablet, an iWatch, or any other new products will have to wait.

“Our teams are hard at work on some amazing new hardware, software and services we can’t wait to introduce this fall and throughout 2014,” Cook said.

That’s basically as close as Apple will come to saying: no new products for you. And that is not what investors want to hear. The lack of new product introductions — not a single new product in this past quarter — is partly what hurt Apple in the stock market, as investors want to see what is new and what is coming.

When an analyst later on the call asked for more details, Cook had this to say:¬†“I don’t want to be more specific. We have some really great stuff coming in the fall and all across 2014.”

Image credit: Dean Takahashi


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