“While some investors are worried about recent stock losses, Apple remains focused on the long term, and is exploring new potential product categories, CEO Tim Cook revealed on Wednesday,” Neil Hughes reports for AppleInsider.

“While investors have sent Apple’s stock on a nosedive since late 2012, Cook said at his company’s annual shareholder meeting on Wednesday that he believes it’s been ‘an incredible year of innovation,'” Hughes reports. “He noted that Apple grew by about $48 billion in fiscal 2012, which was more than Google, Microsoft, Dell, HP and Research in Motion (now known as BlackBerry) combined.”

Hughes reports, “Cook also hinted that his company could go in new directions in the future, but unsurprisingly offered no specific details about what his company could be working on. ‘Obviously we’re looking a new categories,’ Cook told shareholders.”

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