Tim Cook: “We Acknowledge That Our Growth Rate Has Slowed”

Tim CookDuring Apple’s latest earnings call today, Tim Cook said “We acknowledge that our growth rate has slowed.” Apple’s stock has been on the decline constantly and with no new product being launched for so long, it is likely that the stock price will continue to dip. Tim Cook mentioned that Apple has always been successful because of its innovative products.

“The key to Apple’s strength is creating innovative products, and that is always in Apple’s control,” he mentioned. He also hinted at new product launches in the fall, nothing in summer. For Q3 2013, Apple believes that its revenue will remain stagnant.

This statement by Tim Cook sounds more of an apology, and not something Apple does.

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