CUPERTINO, Calif. Feb 27 Apple Inc CEO
Tim Cook acknowledged on Wednesday that his shareholders were
disappointed with a five-month slide of more than 30 percent in
the company's share price but urged a focus on the longer term.
"I don't like it either. The board doesn't like it. The
management team doesn't like it," Cook told investors at an
annual shareholders' meeting at the company's headquarters in
But by focusing on the long term, revenue and profit will
follow, he said. Cook added that the company was working on new
product categories, but, as usual, would not elaborate.