To whom much is given, much is expected. I do believe this. It's embedded in me.

That brings us to iPad. We think the iPad is the poster-child of the post-PC world.

I'm speaking to you from Silicon Valley, where some of the most prominent and successful companies have built their businesses by lulling their customers into complacency about their personal information. They're gobbling up everything they can learn about you and trying to monetize it. We think that's wrong. And it's not the kind of company that Apple wants to be.

We're putting all of our energy into making it right. And we have already had several software updates. We've got a huge plan to make it even better. It will get better and better over time. We screwed up. That's the fact.

America is always stronger when we do things together.

The reality of today from a cyber security point of view - I think some of the top people predict that the next big war is fought on cyber security.

If I'm working with you for several months on things, if I have a relationship with you, and I decide one day I'm going to sue you, I'm a country boy at the end of the day. I'm going to pick up the phone and tell you I'm going to sue you.