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At Apple's annual gathering of shareholders, CEO Tim Cook put down claims that the product is a "hobby." Cook said, "That hobby was over a billion dollars of revenue last year. It's a little hard to call it a hobby anymore." The meeting was originally billed as a showdown between activist investor Carl Icahn and Apple over the company's buyback program. Icahn has been vocal about Apple repurchasing more of its stock.
|Tim Cook: Apple TV Did Over $1B In 2013 Revenue|
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