Apple to introduce “new categories” of products in 2013February 28, 2013 - 21:30 AMT PanARMENIAN.Net - Apple chief executive Tim Cook has insisted that the US firm does not have its "head stuck in the sand" and will introduce "new categories" of products this year, Digital Spy said. Despite reporting more record revenue in the final quarter of last year, the iPhone and iPad maker is facing increasing criticism from shareholders over its long-term strategy. Shares in Apple fell 1.2% to $483.71 on Wednesday (February 27) over fears that Apple lacks innovation and is losing ground on its rivals, such as Samsung. Cook is also coming under pressure to return more of the firm's $137bn (£90bn) cash pile to investors. At Apple's annual meeting in Cupertino, California, this week, Cook attempted to convince shareholders that Apple was aware of the changing market. "We're really aware of the competition as well," he is quoted as saying by The Daily Telegraph. "We don't have our head stuck in the sand." Cook told investors that Apple was working on "new categories" of products, but did not give any further information on that. Apple is rumoured to be developing a 'iWatch' that would link with an iPhone and offer a range of smart functionality, such as message alerts. There has also been long-standing speculation that Apple would make a bigger move into television, including an Apple-branded TV set integrating live TV and on-demand entertainment. Also in 2013, Apple is expected to announce a new version of the iPad, a second generation of the iPad Mini with a Retina display, and a new iPhone model, either the iPhone 5S or the iPhone 6. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |