However, Apple won't be introducing new hardware but a new "service" instead.
"The truth is, we haven't been in any settlement discussions with them since the third calendar quarter of previous year", the Apple boss told CNBC.
"In this last quarter, if you take everything outside of iPhone, it grew at 19 percent, 19 percent on a huge business", Cook said on "Mad Money".
Cook is optimistic on trade relations and believes US-China regulations will be updated to reflected a more global economic landscape.
A spokesperson for the Chinese Ministry of Commerce told a press briefing in Beijing on January 4 that a U.S. working group led by Deputy U.S. Trade Representative Jeffrey Gerrish would visit China on January 7-8 for talks on the implementation of the important consensus reached by Chinese President Xi Jinping and his U.S. counterpart Donald Trump in Argentina in December. However, some industry experts have dismissed suggestions the downturn signals the demise of the iPhone, Apple's biggest-selling product. Behind the company's line of products is a "culture of innovation" that satisfies the many wants and needs of the "incredible, loyal customers". "And so when I look at the long-term health of the company, it has never been better. The services are on a tear", he said.
"We have been consistent for the last 18 months in making clear that we have, at various times, been in discussions with Apple about a possible resolution to our licensing dispute".
According to the Nikkei, the company has asked its suppliers to produce less of its iPhone XS, XS Max and XR models than originally planned.
So far, Apple has focused on software in the health world.
Cook gives the Interview in a time in which the exchanges respond emotionally to Apple and falling prices.
"We're just at the front end of this", Cook said.