Apple is committed to raising its quarterly dividend annually, CEO Tim Cook stated at his company’s annual meeting.

Speaking at the company’s annual meeting in Cupertino, California, Cook also said Apple was “a staunch advocate for our customers’ privacy and personal safety,” as it fights a public battle with the U.S. government over access to the iPhone of one of the San Bernardino shooters. “We do these things because they are the right thing to do,” he added.

Cook suggested the market is ripe for acquiring tech companies. “In times when equity values are falling there’s great opportunity to [acquire companies].” He noted that Apple has bought 19 companies over the last 15 months (not all acquisitions are known).

Cook hinted an Apple Car isn’t something that’s right around the corner. “Do you remember when you were a kid, and Christmas Eve, it was so exciting, you weren’t sure what was going to be downstairs? Well, it’s going to be Christmas Eve for a while.”