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Tim Cook hints at closer cooperation between Apple, Facebook

By Josh Ong

Apple CEO Tim Cook said in an interview to "stay tuned" for developments with Apple and Facebook, possibly hinting at plans for a closer partnership between the two companies.

Cook journalist Walt Mossberg at All Things D's D10 conference in Ranchos Palos Verdes, Calif., that he thinks Apple's relationship with social networking service Facebook is "very solid."

“We have great respect for them. I think we can do more with them," he reportedly said.

When questioned whether he thought that Facebook was "onerous," a reference to late Apple co-founder Steve Jobs' about Facebook's terms for his company's Ping music service, Cook replied that they have "their way of doing things."

Cook went on to note that some people would say the same thing about Apple. He added that just because two companies have strong points of view doesn't mean they can't work together. "Stay tuned," he said.

One possible avenue for further cooperation between Apple and Facebook is deeper integration of Facebook into iOS. Last year, Apple built rival social service Twitter into the of iOS 5. Hints of for Facebook were reportedly spotted within beta builds of iOS earlier this year.

In 2010, Apple and Facebook were said to have negotiated for over the Ping service before talks finally broke down. After Ping launched, Jobs Facebook founder Mark Zuckerberg over for dinner to discuss the service.

Facebook raised $16 billion in its IPO earlier this month, but the company's stock has since fallen sharply.

Though Apple and Facebook maintain a "solid" relationship at the moment, the two companies could become competitors if rumors of an in-development Facebook phone are to be believed. Facebook has former Apple iPhone engineers to work on an in-house phone project that could end up challenging Apple and Google.

Visit ÌÇÐÄVlog's for more of Cook's comments and ongoing coverage of the conference.