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Some details from Apple’s last shareholder meeting to understand the company’s path

Bloomberg y MacRumors

As every year, some of the year’s proposals are voted on and the company’s executives answer some questions in relation to this. It is not broadcast live but there is access for certain media, so we have been able to rescue details of this meeting.

Some details from Apple’s last shareholder meeting to understand the company’s path
Some details from Apple’s last shareholder meeting to understand the company’s path

Much of the time in these meetings is devoted to specifically administrative issues such as re-electing the board of directors or approving action plans for company directors. However, the question and answer session is where interest increases. Some data we already knew from Apple’s financial results, others we didn’t:

  • The business of wearables such as the Apple Watch or AirPods is approaching the size of a Fortune 300 company.

  • The company already has several internal candidates ready to succeed Tim Cook if he were to leave his position.
  • They are not going to open the main building of Apple Park to the public because according to Tim Cook there are many confidential things to keep secret.
  • Apple acquired a total of 19 companies in 2017.
  • Tim Cook says that mobile payments with Apple Pay are taking off more slowly than he personally expected, but adoption is accelerating in key countries such as China and Russia.
  • The sum of all service subscriptions offered by Apple is close to a quarter of a million (250,000).
  • The iPhone X has 99% customer satisfaction.
  • They have committed to increase the dividend for shareholders every year, they will give more details about it in April.
  • About the removal of Telegram from the App Store Tim Cook has said that Apple is always trying to keep its properties (products and services) clean and that people are realizing that’s a good thing. A direct reference to the fact that they always try to avoid pornography, terrorism and other dubious content on their platforms.

Apple’s next AGM is expected to be held in early 2019, there’s still a lot to do by then and many products to showcase, so it’s going to be a fun year. The funniest thing of all? Probably the fact that the question of a successor to Tim Cook is being asked.

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