We like our model, as we are evolving it. In every category Apple competes, it's the low-volume player, except in tablets. In the PC market, obviously the advantage of diversity has mattered since 90-something percent of PCs that get sold are Windows PCs. We'll see what winds up mattering in tablets.

My dad said, "What the heck is software?" and my mom said, "Why would a person ever need a computer?" They said, "OK, OK, we hear you, but if it doesn't work out, you'll go back to business school right?" And I said "Right," and I never came back.

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Is there fake news on Facebook? Of course there is. I could go right now on Facebook and say there’s an earthquake, Richter scale 7, in Washington, D.C. And should I be allowed to do that or should that be something that somehow Facebook has a way to control? I don’t know. I get how Facebook could control advertising. I don’t get how they’re a value proposition, which people – the world does like. I don’t understand how it works at all if you have no freedom of speech, even if you are saying things that are patently false.

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You can have an Apple in the phone business, or a RIM, and they can do very well, but when 1.3 billion phones a year are all smart, the software that's gonna be most popular in those phones is gonna be software that's sold by somebody who doesn't make their own phones.