Apple Thoughts: Apple Throws Down the Smartphone Gauntlet

"For those of you who weren't listening in to Apple's earnings call today, you missed a prime moment of defensiveness when Tim Cook fielded a question about how the company plans to stay competitive amidst new entries from the likes of Google and, more recently, Palm. What seemed like an answer due to end with a "we've got some great new stuff on the way" slant, Cook dovetailed into how the company views its new smartphone competition."

Sounds like they are paying attention to the market and the competition, as anyone that has followed Apple would expect. Tim Cook pointed out that while they "like competition because it makes us better, but we will not stand for companies infringing on our IP."