“In a research note this morning, Bernstein Research analyst Toni Sacconaghi reports on a meeting he had last week with Apple COO Tim Cook, CFO Peter Oppenheimer and VP of Internet Services Eddy Cue,” Eric Savitz blogs for Forbes. “His high level takeaway is that the executives ‘projected a very confident tone,’ and that Apple is focused on ‘the right things,’ in particular expanding the market for the iPhone and capitalizing on ‘explosive’ tablet demand.”
“Cook referred to the iPhone as ‘the mother of all halos,’ noting that the iPhone has expanded Apple’s sales of other products, particularly in emerging markets,” Savitz reports. “The analyst says Cook ‘appeared to reaffirm the notion that Apple is likely to develop lower priced offerings’ to expand the market for the iPhone. Cook said the company is planning ‘clever things’ to address the prepaid market, and that Apple did not want its products to be ‘just for the rich,’ and that the company is ‘not ceding any market.'”
Read more in the full article here.