Apple Inc chief executive Tim Cook on Tuesday said he sees promise in computers shrunk down and worn like watches or other accessories, but drew the line at Internet-linked eyewear, such as Google Glass.
Google Inc’s Google Glass is “not likely to be a mass market item,” but Apple is “incredibly interested” in the broader area of wearable computing, Cook said in an on-stage interview at an AllThingsD conference in California.
He predicted there will be “tons of companies playing” in the wearable computing sector, but sidestepped a question as to whether Apple would be among them with the creation of a rumored “iWatch” device to be worn on the wrist.
“I don’t know a lot of people that wear [glasses] that don’t have to,” a bespectacled Cook said in a sideways shot at Google Glass.
“The wrist is interesting,” he continued in comments live-blogged by AllThingsD. “You still have to convince people it is worth wearing. Most young people don’t wear a watch.”
Google Glass was a common sight early this month as software savants shared visions of games, weather reports, news and more delivered to the Internet-linked eyewear at a San Francisco developers conference.
Many developers attending an annual Google I/O event sported the device as part of an “explorer” program to tinker with creative applications for the eyewear, which cost US$1,500.
Glass connects to the Internet using Wi-Fi hot spots or, more typically, by being wirelessly tethered to mobile phones. Pictures or video are shared through the Google Plus social network.
Google executive chairman Eric Schmidt said recently that it would take “a while” before consumer versions of Glass were available.
Cook rejected the notion that Apple has lost its cool factor and said he was not worried about pressure from competitors such as Samsung Electronics Co.
“Absolutely not,” Cook coolly replied when asked whether the California company was in trouble. “We’ve always had competent rivals. We’ve always suited up and fought.”
He said that Apple sold 85 million iPhones and 42 million iPads in the last fiscal quarter and that devices powered by the company’s iOS software account for about 59 percent of mobile Internet traffic.
Cook said that Apple has quietly acquired nine companies so far this year and more takeovers could be on the horizon.
The slide in Apple’s share price “has been frustrating,” Cook said.
Apple shares, which topped US$700 in September last year, were at US$440 in after hours trading on Tuesday.
Cook said that Apple has “several more game-changers” in it, but declined to give details. He said the company was still committed to its Apple TV set-top boxes for streaming online content to big screens.
Apple has sold 13 million Apple TV devices, about half of those in the past year, Cook said.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday. High-speed Shinkansen trains began running between Tokyo and Osaka on Oct. 1, 1964, heralding a new era for rail travel as Japan grew into an economic superpower after World War II. The service remains integral to the nation’s economy and way of life — so keeping it dazzlingly clean, punctual and accident-free is a serious job. At a 10-story, state-of-the-art staff training center, Okuno shouted from the window and signaled to imaginary colleagues, keeping