Tim Cook defends Apple, teases exciting new products in the pipeline

Apple's earnings report last week saw the company report a year over year decline in profits for the first time since 2003. The biggest contributing factor to the decline, not surprisingly, is that year over year iPhone sales dropped by 16%. Notably, Apple's most recent quarter marks the first time iPhone sales declined in company history. Consequently, the usual contingent of pundits and analysts have come out of the woodwork, all exclaiming that we've reached 'peak iPhone' and that Apple at th...