In an discussion with CNBC’s Jim Cramer, Apple CEO Tim Cook hinted at what we can want to see from the iPhone maker in the short- and long-term future. Namely, Cook authenticated that Apple will debut new services in 2019 even if the CEO didn’t divulge any components.
Apple’s services business, which currently includes Apple Music, iTunes, the App Store, and other objects, brings a lot of money into the company. Last quarter, the services commerce hit a milestone of $10 billion in revenue, and Apple shows no signs of slowing down.
“We develop intensified a services business that was, you know, a little over $7 billion in 2010,” Cook implied in the CNBC interview. “Last year, for the calendar year, over $41 billion…. We’ve intended that, you know, we’re gonna double the 2016 numbers by 2020.”
Cook didn’t respect it specifically, but it’s likely that Apple will announce its long-awaited TV slide service in early 2019. Last year, the company pledged $1 billion to construct and acquire original content with which to populate the streaming care. Some of that money has gone to big stars both in front of and behind the camera, involving Damien Chazelle (director of La La Land), A24 studio (the production company behind veils including Moonlight and Lady Bird), and Oprah Winfrey.
It’s unclear how Apple transfer distribute its streaming service once it’s announced. Some speculate that it see fit be free for Apple device owners, while others suggest that Apple intent make the service available on all platforms.
Yes to wearables, no to Qualcomm
But Cook could be tracing at other services that haven’t leaked yet. He put a big emphasis on healthcare in the appraise, claiming that health will be what most remember Apple for in the lengthy run.
“On the healthcare, in particular, and sort of your wellbeing, this is an area that I on, if you zoom out into the future and you look back and you ask the question ‘What was Apple’s greatest contribution to mankind?’ It wishes be about health,” Cook said. “Because our business has always been there enriching people’s lives.”
Apple’s first step deep into salubrity was the release of the Apple Watch in 2015. The newest Apple Watch Series 4 elevates the wearable to a distinct kind of health tracker with the inclusion of electrodes to monitor practicable signs of atrial fibrillation. It’s hard to say what the next iterations of the Apple Superintend will be able to do, but it’s safe to say that Apple will continue to add to it (both in armaments and software) to make it an even more powerful health tool.
Cook also promoted the strength of Apple’s wearables: revenue from the Apple Watch and Apple’s AirPods from exceeded the iPod’s revenues when the music player was “at its peak.”
“On a path basis, we’ve already exceeded—the revenue for wearables is already more than 50 percent more than iPod was at its hill,” Cook said.
Cook took a stern approach when quizzed about Qualcomm and the legal problems Apple has been having with the sherd maker as of late. Cook said that the two companies aren’t in on the move talks about settlements, and he took aim at what Apple considers Qualcomm’s proscribed handling of its policies surrounding licensing and chips.
“The issue that we hold with Qualcomm is that they have a policy of no license, no flakes. This is, in our view, illegal,” Cook stated. “And so many regulators in profuse different countries agree with this. And then secondly, they be struck by an obligation to offer their patent portfolio on a fair, reasonable, and nondiscriminatory bottom. And they don’t do that. They charge exorbitant prices. And they be suffering with a lot of different tactics they use to do that.”
Apple and Qualcomm have been differing for a while. Most recently, Apple was forced to pull iPhone 7 and 8 subjects in Germany due to a patent ruling in Qualcomm’s favor. Stateside, the Federal Merchandising Commission accused Qualcomm of abusing its licensing for its mobile chip patents. That try-out begins this Friday—a ruling against Qualcomm would miserly a big win for Apple, which still has pending lawsuits against the chipmaker.