“Cook, in one of his rare appearances before investors, also talked about a ‘jaw-dropping’ opportunity in smartphones. He also said the iPad tablet trajectory was ‘off the charts,’ adding that he foresaw tablets surpassing the personal computer market in unit sales eventually – eroding Microsoft Corp’s Windows dominance,” Gupta and Randewich report. “Wall Street’s other concern is the likelihood of Apple returning some of its $98 million [sic. Make that "billion," with a "B."] warchest to shareholders through dividends or share buybacks – even if it is only a one-time deal.”
Gupta and Randewich report, “On Tuesday, the CEO urged investors at a Goldman Sachs technology conference to be patient about the cash reserves. ‘I only ask for a little bit of patience, so we do this deliberately and in the best interest of shareholders,’ Cook said.”
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