Apple Chief Executive Tim Cook said today"I don't like it either," Cook said. Nor does the board and management, he added. that he knows people are upset about the stock drop.
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.