Upcoming Products
While the secretive Apple never offers any specifics on upcoming products during its earnings calls, CEO Tim Cook did offer some much-needed reassurances this time around that the company is still operating and working on its pipeline of new releases.
Cook said that in some cases, Apple employees are even more productive as they get used to working from home, although he noted that it’s “mixed depending on what the roles are.” However, he described new products as Apple’s “lifeblood” and pointed to the fact that Apple has already released several new products this quarter “despite the environment,” and that Apple’s products are “even more important in these times.”
Cook also reiterated that Apple’s supply chain is strong and resilient, but that people should remember that Apple’s products are made in a lot of places beyond China, which is simply where the final assembly of the manufacturing process occurs. In terms of the supply chain overall, Cook added, “I feel good about where we are.”