The proposals of Apple’s stockholders have been rejected at the company’s recent shareholders meeting.
In prepared remarks with shareholders, Chief Executive Tim Cook said the company was focused on growth.
Revenue growth “is greater than any other technology company,” said Cook, referring to latest quarter. “We made more money than any other technology company has ever made. Other than companies that drill oil for a living, I’m not sure that anyone has ever made more. We’re very proud of that.”
Investors voted to approve a proposal backed by Apple to eliminate the board’s “blank check authority.”
Cook told shareholders that the company is on the right track.
Apple is under pressure to recover the lost market share with new breakthrough products, as the pace of sales slows.
Cook has plans to reignite growth and prepare to take the wraps off some new products.
The company posted a decline in earnings for the first in its latest fiscal report.