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Cook said he's seen "very rapid adoption" over the past 12 months, especially in parts of the world that don't seem obvious, like Russia and China. In the US, companies aren't always motivated to make innovative health care products because they're focused on what can be reimbursed by Medicare or Medicaid, Cook said. That's not always in the patient's best interest, he added. "We're in this really great position that we can do what we've always done, which is look at it as the user looks at it," Cook said. "We can ask ourselves, how can we improve the health of the user, not worrying about if we can convince the federal government to give us a reimbursement or not. This is an area Apple can make serious contributions over time."Apple includes a health app on its iPhones, and it plans to introduce a new Health Records update to iOS to let you store your medical records. Cook has previously talked about the life-changing aspect of the Apple Watch.

Cook noted that Apple's wearables business, which includes its AirPods, Apple Watch and Beats headphones, evi eye symbol iphone case is nearing the size of a Fortune 300 company, People hanging out at the new Apple campus, Despite initial skepticism about the Apple Watch and AirPods, both items remain hot sellers, Apple was late to the smartwatch game but has still ended up dominating the business, The comments are a reiteration of Cook's belief that these younger product categories will have a larger impact down the line..

Apple spent $12 billion last year on research and development, Cook said, with most of that spent in California. This year, he said, Apple plans to channel $16 billion toward capital expenditures. "That's an extraordinary number, but it goes to our confidence in Apple's future," Cook said. When it comes to mergers and acquisitions, Apple bought 19 companies last year and is "constantly" looking for more purchases, he added. Employees started moving to the "spaceship" headquarters in April, and eventually 12,000 will call it their base. Apple's headcount has ballooned since its early years, and it outgrew its older offices at 1 Infinite Loop, which held about 2,800 employees.

Apple's shareholder meeting drew big crowds of investors who wanted to see Apple Park, Cook said earlier this year that Apple plans to open yet another campus in the US, though it hasn't yet disclosed the location, The announcement came in January after Apple won a victory in Congress to bring back its overseas cash at a lower evi eye symbol iphone case tax rate, As of the first quarter, which ended in December, Apple had a record $285.1 billion in cash, with most of that held overseas, The company will pay $38 billion in taxes to bring the money back to the US, Apple said it plans to invest $30 billion in the US over the next five years by building its new campus and creating 20,000 new jobs, Factoring in current spending, product sales tax and taxes on employees' wages, Apple said it expects to contribute $350 billion to the US economy over that period..

Cook on Tuesday said that in the future, small and large businesses will generate most of their money overseas. With the old system, companies paid a 40 percent tax on money they brought back to the US, on top of taxes already paid overseas. That meant they kept their money outside the US. Apple has long called for tax reforms to bring its cash back to the states. "We could have left it where it was and not paid," Cook said. "We said we want to pay and for wanting to pay, we want to use the residual profits to invest in this country."An investor asked Cook if Apple planned to issue a special dividend or possibly double its dividend given to investors. He said he's "not a fan" of special dividends, but he noted that Apple increases its dividend every year. He declined to specify the amount for this year.