Apple reiterates it will not build netbook, yet

Apple's chief operating officer has stood by his assertion that the company is not in the market to make a netbook.

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Apple's chief operating officer has stood by his assertion that the company is not in the market to make a netbook.

Tim Cook noted at the same time that Apple's recent laptop price cuts have helped move inventory.

With everyone from HP to Asus manufacturing mini-notebook computers - known as netbooks - many industry pundits and analysts expect it is only a matter of time before Apple competes in this segment of the market.

But Cook doesn't see it happening any time soon, a statement he has made before during past quarterly analyst calls.

"Our goal is not to build the most computers, it's to build the best," Cook told an analyst with RBC Capital - a pithy comment he's used before when asked about Apple selling netbooks or low-priced computers. "At this point, we don't see the way to build a great product for this $399, $499, this kind of price point unit."

Pressed by a Morgan Stanley analyst for more details on a possible Apple netbook or iPhone-based tablet computer, Cook said, "I never want to discount anything in the future, and never want to specifically discuss new products."

But Cook said that customers who buy such hardware are often disappointed with their purchases, and that Apple is focused on products with the best value.