Apple CEO Tim Cook confirmed he invested his personal money in cryptocurrency during a discussion today at the New York Times’ Offers conference. “I think it’s reasonable to own it as part of a diversified portfolio,” the CEO said in a conversation with Andrew Ross Sorkin. “I don’t give anyone investment advice, by the way,” he quickly continued, without specifying in which cryptocurrencies he invested.
“I’ve been interested in it for a while. I researched it and so on… I think it’s interesting, ”continued the CEO.
Although Cook confirmed his own investment in cryptocurrency, he was much more cautious about Apple’s plans as a company. He ruled out investing the company’s cash balance in cryptocurrency, and he said Apple has no plans to allow people to use it to buy its products “in the future. immediate “. But the CEO teased that “there are other things we are definitely looking at” when it comes to cryptocurrency, without announcing specific plans.
Asked about NFTs, Cook said he found them “interesting” but “it will take some time to unfold in a way that suits the common person.” If you still don’t know what exactly an NFT is, I can’t recommend this explainer enough from my colleague Mitchell Clark.
During the roughly half-hour conversation, Tim Cook was asked about other major topics that have affected Apple in recent months, including its high-profile court battle with Epic Games. When asked if users should have the choice of installing apps from sources other than Apple’s App Store through processes such as sideloading, the CEO reiterated that Apple believes its approach is best for safety.
“If you want to get by, you can buy [an] Android phone. That choice exists when you walk into the carrier’s store, ”said the CEO. “If this is important to you, then you should buy an Android phone. He then compared allowing users to load their own iPhone apps like an automaker selling a car without airbags and seat belts. “It’s just too risky to do this,” he said. “It wouldn’t be an iPhone if it didn’t maximize security and privacy. “
Cook’s comments came less than a week after Apple’s senior vice president Craig Federighi made similar arguments during a speech at this year’s Web Summit. The company also released several reports this year, all of which claim that allowing users to install software not approved through the App Store review process risks exposing their phones to malware and others. security threats. According to Apple, its sideloading policy keeps iOS malware low compared to other platforms like Android.
While it is strongly opposed to allowing sideloading on its mobile platforms, the same is not true on Apple’s Mac computers, where users have much more flexibility with the software than they do. they install. Critics say Apple could take a similar approach for the iPhone and use a system like macOS’s Gatekeeper to check if an app contains known malware or if a developer’s signing certificate is revoked. But Apple argues that this approach would not be appropriate, both because iPhones are used to store more personal information and because the approach has led to an unacceptable level of malware on the Mac. For what it’s worth, Judge Yvonne Gonzalez Rogers was not convinced of these arguments during the Apple vs. Epic trial.
You can watch the full interview embedded in the tweet below: