TECH - Tim Cook Doesn't See A Path Back To Chip Vendors: 'We Like To Own The Primary Technologies In The Products That We Ship' | Benzinga
During a fourth-quarter earnings call, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook reaffirmed the company’s dedication to using internal silicon and underlined their strategic focus on owning primary technologies in their products.
What Happened: In response to a question posed by Piper Sandler’s Harsh Kumar during the earnings call, Cook elaborated on Apple’s approach to in-house chip development and its economic and strategic significance.
He made it clear that Cupertino’s transition to in-house silicon production has not only been economically profitable but also enabled the company to create products that would have been impossible without it.
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The CEO highlighted the critical role that silicon plays at ...