[ad_1]
Apple Inc. is not a monopoly, Chief Executive Officer Tim Cook said in a television interview on Tuesday that he was more concerned about misinformation than about the possibility of China retaliating against the society as the trade war intensifies.
Sitting to CBS News reporter Norah O'Donnell, Cook defended his company while federal regulators could investigate big tech companies, including Apple.
AAPL, + 3.66%
– for anti-competitive behavior.
"I do not think that any reasonable person can come to the conclusion that Apple is a monopoly, our share is much smaller, we do not have a dominant position in any market."
"I think the exam is right," Cook said, but "we are not a monopoly".
Cook ended Democratic Senator Elizabeth Warren's call to crack down on Apple's business, including the App Store. "I strongly disagree with that," he said. "Think some people would say that if you sell a property, you can not have a product that competes with it. But … it's an argument that leads you on the path that, Walmart should not be … storing homemade brands. "
Lily: Apple sued by developers, who accused it of monopolizing the distribution of applications
Apple's iPhones are being assembled in China, and while recognizing that tariffs could hurt sales, Cook said he did not think China would react against the tech giant. "The Chinese have not targeted Apple at all," he said, "and I do not foresee that, honestly."
He also said that while he was concerned about the sometimes excessive viewing time of iPhone users, misinformation was a more troubling societal issue, arguing that news feeds organized by Apple were a means of fight against misinformation.
"I do not really believe that … AI has the power today to tell the difference between what is wrong and what is not," he said. I am therefore worried about any property that today drives news in a stream. "
"I'm afraid the fake news is out of control," Cook said. "I think we should all be concerned."
Apple shares jumped 3.7% Tuesday, and are up 14% so far, against 8.6% for the Dow Jones Industrial Average.
DJIA, + 2.06%
, of which he is a component.
[ad_2]
Source link