Speaking to CNBC’s Mad Money host Jim Cramer in an exclusive interview, Apple CEO Tim Cook said that the company will announce new “services” this year. He also commented on the legal battle with Qualcomm.
“You will see us announce new services this year. There will more things coming," Cook said.
Although he didn’t say what kind of services, these could be related to healthcare, mobile payments, TV, or other.
Apart from a TV streaming service, which is purported to offer original content like Netflix, there are reports that the subscription service would combine music, videos, and news too.
At CES 2019, there’s been a series of announcements from TV manufacturers that are suddenly supporting Apple’s AirPlay 2 and HomeKit features to allow you to cast content directly from your iPhone, iPad and Mac — including TVs running rival operating systems from Google and Samsung. New TVs from rival Samsung will actually support iTunes, too, letting you access your movies and TV shows there as well.
Apple might be priming the pump with those hardware manufacturers for the upcoming TV service, too.
The company has been spending over $1 billion on original TV content with no obvious place for users to watch it.
Cook’s words become even more relevant in the wake of Apple’s recent surge in the sales of Apple Watch. These new "services" may not be simply focused on Apple devices; they could consist of new health services that Apple has been working on for quite some time.
“I believe, 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 will be about health,” Cook said.
The Apple Watch Series 4, which comes with an ECG (electrocardiogram) test, analyses the heart rhythm and look for irregularities. Meanwhile, the iPhone’s Health app was also updated in the latest iOS 12.2 version.
Cook also addressed reports that the iPhone XR might not be selling as well as expected, saying that it’s still been the most popular iPhone every day since launch, and that the Apple Watch and AirPods wearables business is bringing in more money than the iPod ever did — 50 percent more than iPod at peak sales.
Apple's CEO also reiterated in an interview with CNBC on Tuesday that India was a major focus for Apple.
Meanwhile, Apple slashed its quarterly sales forecast last week. Previously, the company had reportedly reduced planned production for its three new iPhone XS, XS Max and XR models by about 10 percent for the January-March quarter, according to the Nikkei Asian Review.
Commenting on the legal battle with Qualcomm, Cook said there had been no recent settlement talks between the iPhone maker and chip supplier. He said any talks ended in September 2018.
“Look, the truth is, we haven’t been in any settlement discussions with them since the third calendar quarter of last year. That is the truth. So I’m not sure where that thinking is coming from,” Cook said.
In November, Qualcomm’s Chief Executive Steve Mollenkopf made comments about the supplier’s efforts to resolve the dispute.
Qualcomm on Tuesday said Cook miscast Mollenkopf’s remarks, which did not mention a settlement and which Qualcomm maintains are accurate.
“We do talk as companies, and I think what you’re seeing, really, are activities consistent, really, with the fourth quarter of the game, and not the first quarter,” Mollenkopf told CNBC then. “We always talk about – and I’ve been very consistent - that this second half of  and into , is when we’re really on the doorstep of finding a resolution.”
Apple has accused Qualcomm of engaging in illegal patent licensing practices to preserve a dominant market position in modem chips, which help mobile phones connect to wireless data networks. Qualcomm has argued that its practices followed decades-long tech industry norms and that Apple has not fairly compensated it for its intellectual property.