Cook says that fantastic products are on the way
At the meeting, Apple’s entire board of directors was re-elected. The board members include Cook, former VP Al Gore and Disney CEO Bob Iger. The company recommended that stockholders vote against a proposal that would reveal the political leanings of board members, and they did. Only 1.7% of the votes received were in favor of the proposal.
The stockholders meeting took place inside the Steve Jobs Theater in Apple Park, located in Cupertino. During the event, Apple’s shares closed at $174.97, up 1.05% on the day. Apple is now valued at $825 billion, well short of the more than one trillion dollars that the company was worth over the summer. With a market cap of $863 billion, Microsoft is now the most valuable publicly traded U.S. firm. Despite losing the throne to Microsoft, Tim Cook says that he has “never been more optimistic” about Apple’s current business and its future prospects.