Published: Fri, January 11, 2019
Health Care | By Cedric Leonard

Tim Cook wants Apple's greatest contribution to mankind to be in healthcare

Tim Cook wants Apple's greatest contribution to mankind to be in healthcare

As Cook mentioned, Apple has already developed new software to perform clinical studies in a research environment, and it's made apps and other software to enable highly-regulated medical records to be stored and shared from an iPhone.

Cook received a US$3mln salary, a US$12mln bonus and US$121mln from his 10-year stock award for the year ended September 29.

Within the interview - full transcript available here - Tim Cook and CNBC's Mad Money, Jim Cramer discussed a range of different topics including China, Wall Street negativity and innovation.

Tim Cook took home US$136mln as the chief executive of Apple (NASDAQ:APPL) previous year after the iPhone maker posted record earnings and became the first company to reach a market value of US$1trn.

On healthcare in particular and your wellbeing, this is an area that 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.
"There will be more things coming".

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Though Apple was once again not in attendance at CES this year (save for a well-placed billboard), the company managed to make waves all the same by partnering up with rival brands to bring AirPlay 2 and HomeKit support to a variety of new TVs, including LG, Samsung, Sony, and Vizio.

"Look, the truth is, we haven't been in any settlement discussions with them since the third calendar quarter of previous year".

Back in November, Qualcomm chief executive Steve Mollenkopf told CNBC that: "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".

Cook seems to be most enthusiastic about Apple's health-related efforts, which have gotten far more serious with last year's launch of ECG and irregular heart rhythm notifications features for the Apple Watch. In August, Cook collected 560 000 shares because Apple outperformed more than two-thirds of the firms over three years. And we're just at the front end of this. When Apple is (still) selling millions of iPhones, and the XR is "the most popular every day", but the company still wants to sell more?

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