Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company's annual meeting on Friday.Apple's ability to again transform the fast-moving technology arena is the central question in investors' and Silicon Valley executives' minds as the company's growth slows, and rivals like Samsung Electronics Co Ltd and Google Inc take chunks out of its market share.Industry executives and Apple observers continue to believe that the company will come up with some sort of wearable device, like a smartwatch, and speculation persists about a long-rumored TV product of some sort to shake up the living room viewing experience."We're working on some things that are extensions of things you can see and some that you can't see," Cook said at the annual meeting, referring to a 32 percent increase in research and development costs last year.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL fell by 0.27% or $-1.43/share to $526.24. In the past year, the shares have traded as low as $385.10 and as high as $575.14. On average, 12675700 shares of AAPL exchange hands on a given day and today's volume is recorded at 13237178.
Google Inc. (Google), is a global technology company. Shares of GOOG fell by 0.29% or $-3.5599/share to $1215.65. In the past year, the shares have traded as low as $761.26 and as high as $1228.88. On average, 2094760 shares of GOOG exchange hands on a given day and today's volume is recorded at 2297851.
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