Apple CEOTim Cook told investors on Wednesday that the company is “not going to buy this computer again” after its CEO Tim Bischoff announced that Apple is retiring the first iPhone.
Speaking during a conference call with analysts, Cook said the iPhone 7 was a “huge disappointment” and said Apple is “done” with its first-generation iPhone line.
He added that the next-generation iPhones are “on track” and that the new phones will be “super-fast.”
The company’s current lineup of iPhone models includes the iPhone 6S, 6S Plus, iPhone SE, iPhone 6s Plus, and iPhone SE.
The iPhone SE comes with a 3D Touch screen and is powered by the latest A11 chip.
Apple also announced on Tuesday that it would not be renewing the iPhone licensing agreement with Apple Music.
Apple is now the only major smartphone manufacturer to have its own streaming music service in the U.S.
Apple CEOTim Bischof, left, and his wife, Carla, prepare to open the company’s new headquarters in Cupertino, Calif., in this April 6, 2021 file photo.