SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook kicked off the company's annual confab for its developers on Monday, where the company is expected to unveil a new design and revamped features for its iOS mobile operating system along with a new streaming-music service.
Cook, who has seen Apple's stock fall 37 percent after it touched a high of $705 in September as competition in the key smartphone market escalated, began by describing the growth of Apple's app store.
The CEO told the audience of developers at the Moscone Center in San Francisco that its app store now has 900,000 apps, which have been downloaded a total of 50 billion times.
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