[Apple iPhone5 release] Cook's speech

Cook said he is now going to walk through an update on each of the company's product lines. He's starting with the Mac.

Apple OSX Lion has been downloaded over 6 million times, said Cook -- 80% more than previous release, Snow Leopard. It took Windows 7 about 20 weeks to reach 10% of their install base, he said, but Lion did this in 2 weeks.

And in the U.S., Apple's marketshare among U.S. retailers is 23%, said Cook. "We have an incredibly high ceiling here -- we have a lot to go," said Cook.