Jobs Confronts Shareholders At Apple’s Annual Meeting
By Dee Chisamera
14:35, March 5th 2008
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Jobs Confronts Shareholders At Apple’s Annual Meeting

Steve Jobs went face to face with Apple shareholders on the company’s annual meeting on Tuesday, answering a whole range of questions, from the iPhone, to plans for the future, retail achievements and objectives and a post-Steve Jobs era at Apple.

Apple’s CEO avoided to point out a name as a possible future successor, answering vaguely that any of the board of directors’ members is a potential replacement for him. Hard to imagine though Apple without Jobs, or the man capable of replacing Jobs not only in his job, but in his presence: it’s hard not to think of Jobs when you say Apple.

The iPhone was of course among the matters discussed, and Jobs promised more from the iPhone this summer, with a new set of applications coming our way. The Asian market remains one of Apple’s objectives for 2008, although nothing in particular has been said on this subject: “We will enter Asia with the iPhone in 2008… We will one day enter China, we’re not saying when, and we will one day enter India,” chief operating officer Tim Cook said at the meeting.

Information on future plans have of course been scarce, as usual, but one thing Jobs did say was that Apple will not opt for Adobe’s Flash Lite on the iPhone, as it is considered to be too slow for the time being, and unless it will suffer a performance-enhancement change, Flash Lite will not be supported on the iPhone.

The subject of Apple’s drop in stock price starting this year hasn’t been to intensely discussed, but Jobs was asked whether the company was planning to pay dividends to investors or start a stock buyback program, but Jobs denied the company has any plans in this sense. At the same time, one of the shareholders asked why the shareholders have not received a letter of reassurance on the share price, just like the employees did, but Jobs said they are focusing on the company, rather than on the shareholders.



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