Apple CEO Tim Cook says that “there’s a very good chance” his son, 10-year-old Jack, will buy a new Apple iPhone when he turns 12 this year.
Cook spoke with Bloomberg News in an interview published Thursday in which he revealed that he will be using his own money to buy the iPhone.
He explained:There’s a lot of potential for us to take advantage of that.
If Jack was going to buy an iPhone, we would be able to pay for it with our own money.
We can actually pay for a lot more stuff out of our own pocket.
We have so much more money.
Jack is not going to have to take any of the credit for our iPhone, but it could have been a lot cheaper.
He’s a big Apple fan, Cook told Bloomberg.
But he doesn’t know if he’s going to do it.
I don’t know how that will work out.
Cook has previously spoken about the possibility of selling the company’s intellectual property to someone else and, later, that his sons could buy an Apple product.
In 2015, Cook gave an interview in which, when asked about the future of Apple, he said that his children might have a chance to own an Apple device.
Apple’s stock fell after Cook spoke with the Wall Street Journal, with shares down about 20 percent on Thursday.
The Bloomberg News interview, in which Cook discusses the potential of selling Apple’s intellectual properties, was published Thursday.
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