Apple TV sales up threefold, will see continued investment
Speaking in the company's financial results conference call, Cook said, "there was a tremendous tickup year over year [for Apple TV]. In fact unit sales were up over 3 times vs the year-ago quarter. Â However let me be clear, we still consider this a hobby."
Cook explained, "It Is clear the movie rental business is working and there are more customers who want to try it. Â We will continue to invest there, because we believe there is something there for us in the future."
When asked about the "digital living room opportunity and how it relates to Apple TV" during the last quarterly conference call in October, Steve Jobs replied, "well again I think the whole category is still a hobby right now. I don't think anybody has succeeded at it. And actually the experimentation has slowed down. A lot of the early companies that were trying things have faded away."
"So I have to say that given the economic conditions, given the venture capital outlook and stuff, I continue to believe that it will be a hobby in 2009."
Additional coverage of Apple's Q109 release