Apple CEO says 'company working on products that will blow your mind'

Washington, Feb 24 (ANI): Apple CEO Tim Cook has told the firm's investors that the tech giant is working hard on making products that 'will blow your mind.'

"You can be assured we are working as hard as ever this year to deliver an incredible year and some products that will blow your mind," CBS News quoted Cook, as saying.

According to Forbes, Cook, while addressing shareholders for the first time since he took over as CEO from Steve Jobs in August, also discussed Apple's relationship with Facebook briefly.

"We do a lot with them. It's 'not like there's a significant overlap in what we do. I've always thought the two companies could do more together'," Cook said.

Cook also acknowledged that the tech giant has more money 'than they require to run the company', but didn't give much insight to what Apple would do with its large stockpile of cash.

"I'd be the first to admit we have more cash than we need to run the daily business," Cook said.

"So, we're actively discussing it. I only ask for a bit of patience, so we can do it in a way that's best for the shareholders," he added. (ANI)