CUPERTINO, Calif. – Apple CEO Tim Cook took a figurative victory lap at his company's annual shareholder meeting, one day after he announced details about the new smartwatch Apple plans to sell next month.
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Last year, some investors had voiced frustration over Apple's lagging stock, but no complaints were heard Tuesday. Apple shares are up 65 percent from a year ago, the company reached a market value of $700 million and will soon bump AT&T to join the benchmark Dow 30 index.
Apple had an "unbelievable" year in 2014, Cook told shareholders during an otherwise low-key speech, citing the sale of 200 million iPhones and total revenue of $200 billion. Cook promised to continue working on diversity issues; civil rights leader Jesse Jackson and an Apple shareholder urged him Tuesday to include more minorities in Apple's leadership.