Tim Cook doesn't like Apple's falling share price, either

During Apple's annual shareholder meeting, CEO Cook says the company is focused on the long term and making the best products it can.

Apple's iPhone 5.
Apple's iPhone 5. CNET
If you're an Apple shareholder and pretty pissed about the company's recent stock drop, you can at least take comfort in knowing you're not alone.

Apple Chief Executive Tim Cook said today during the electronics giant's annual shareholder meeting that he knows people are upset about the stock drop.

"I don't like it either," Cook said. Nor does the board and management, he added.

But what investors are likely still wondering is what Apple is going to do about it. Shares have tumbled roughly 35 percent from their peak in September, and it's unclear what could spur another run higher. Many investors have become worried about increased competition from the likes of Samsung and others, and some shareholders, like David Einhorn, have demanded that Apple return more cash to investors.

Cook today said the company is focused on the long term and making the very best products. He noted that Apple is working harder than ever and "has some great stuff coming."

Apple shares recently slid 1 percent, to $444.29, as investors awaited more news from the shareholder meeting.

About the author

Shara Tibken is a senior writer for CNET focused on Samsung and Apple. She previously wrote for Dow Jones Newswires and the Wall Street Journal. She's a native Midwesterner who still prefers "pop" over "soda."

 

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