Apple has innovated consistently with perfect execution to transform multiple times as a company. At the Goldman Sachs Technology and Internet Conference, Tim Cook, COO, Apple, said Apple is now a mobile devices company. Apple CEO Steve Jobs first made that statement last month during the launch of the iPad.

“Cook said transition to mobile devices at Apple really started in 1991. Over last few years, Mac business has become mostly a mobile device business.  If you narrow to last decade. They introduced the iPod in 2001, the iPhone in 2007, and this year the iPad. He thinks they are well positioned to succeed in a mobile device world.” [Barron's]