Tim Cook's US$12M bonus for 2018 is his biggest ever

Tim Cook earned more than $15 million in compensation in 2018.                  James Martin  CNET

In 2018, iPhone maker Apple gave its chief executive Tim Cook a substantial pay raise of more than 20 percent, bringing his total compensation for the year to nearly $15.7 million, a new filing submitted to the SEC reveals.

San Francisco- Riding on a robust growth previous year, Apple CEO Tim Cook earned a compensation package of $15.7 million - including $12 million in bonus that means almost $33,000 a day.

"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".

But they think the primary driver of Apple's demand doldrums come down to a "mispriced smartphone with XR as the culprit in China and elongated upgrade activity within its installed base a clear headwind".

At CES 2019, there have been many manufacturers' announcing support for Apple's AirPlay 2 as well as their HomeKit that allows users to cast directly from their IOS devices.

But those products and services aren't enough to be "Apple's greatest contribution to mankind", as Cook said.

India vs Australia: Pandya & Rahul Suspended, Head Home to Face Inquiry
Honestly, I got a bit carried away with the nature of the show. "The BCCI did the right thing, and this is also the way forward. The CoA has taken on board the recommendation of the BCCI's legal team that Pandya and Rahul be suspended pending an inquiry.

Italy's deputy premier slams EU migrant deal - 1/9/2019 6:53:41 AM
Prime Minister Guiseppe Conte offered to take in some of Malta's migrants, saying there was a limit to the policy of "rigour". Instead, the arrangement called for the 49 migrants transferred to military vessels and then brought to the island nation.

Bjorn: Ryder Cup captain Harrington ‘highly respected by all’
Harrington is known to have been a popular choice among the team that stormed to victory in Paris past year . Harrington played in six consecutive Ryder Cups from 1999 to 2010 and was on the winning team four times.

"They're things that we feel really great about, that we've been working on for multiple years".

This strong sales performance Apple posted during the most part of 2018 was also cited as a reason by its compensation committee to justify the $12-million bonus paid to Cook. "We are taking what has been with the institutions and empowering the individual to manage their health".

Apple executives have said in the past that the company's goal is to hit $50 billion in services revenue by 2021.

The iPhone maker's growing ecosystem is "probably underappreciated" by naysayers, Cook says.

Cook received a US$3mln salary, a US$12mln bonus and US$121mln from his 10-year stock award for the year ended September 29. He views Qualcomm's actions regarding patents and licensing as illegal.

Apple believes it has an upperhand in its legal battles with Qualcomm, Inc. Recently, the company added ECG feature to its Apple Watch Series 4, paving way for preventive heart care.

Related news:

Hot News

isis-killer-beheading-video-story-top Netflix account sharing could be coming to an end
Jan 11, 2019 - 23:19
A new technology has been released today that may turn into a wake up call for many of us who use services like Netflix . When it finds it, in some cases it would ask you to upgrade to a premium account that includes sharing.

isis-killer-beheading-video-story-top Apple is planning 3 new iPhone models in 2019
Jan 11, 2019 - 23:16
This is a major upgrade now not only for the iPhone XS Max but also for the iPhone XR , the LCD model which comes with just a single camera.

isis-killer-beheading-video-story-top Workers at GM's Oshawa facility hold work stoppage over planned closure
Jan 11, 2019 - 23:10
Poloz, who is from Oshawa, said he doesn't like to see the shrinking footprint of GM in the city but is hopeful for its future. But the company's current stance won't stop Unifor and its leaders from continuing to fight, Dias said.

isis-killer-beheading-video-story-top LG Unveils World's First Rollable OLED TV
Jan 11, 2019 - 22:43
OLED TV with 4K resolution supports Apple AirPlay 2, integration with HomeKit and voice control with a virtual assistant Alexa. With Apple HomeKit support, customers will be able to control their LG TV using the Home app or by asking Siri.

isis-killer-beheading-video-story-top Longer US government shutdown will hit economy, says Fed chief
Jan 11, 2019 - 21:43
Powell said that he had never met Trump before he was interviewed by the president in late 2017 for the Fed chairman's job. The Fed chief will be in focus again this afternoon as he fields questions at the Economic Club of Washington .

isis-killer-beheading-video-story-top The latest on Manny Machado's upcoming decision
Jan 11, 2019 - 21:10
The White Sox have signed Manny Machado's dad to replace Roger Bossard as head groundskeeper. Moustakas is represented by Scott Boras, who also represents Bryce Harper .

isis-killer-beheading-video-story-top Antonio Brown's cryptic response to owner's trade hint
Jan 11, 2019 - 20:46
Whether the situation can be reconciled and have him back on the team next year, we're a long way from thinking that can happen. While there are countless teams that should be interested in a player of Brown's caliber , trading him won't be simple.

isis-killer-beheading-video-story-top Nurse causes 'catastrophic injury to baby during delivery'
Jan 11, 2019 - 19:07
Woman's husband later lodged a complaint against the Ramgarh hospital staff for alleged dereliction of duty. He said he realised something was horribly wrong while attempting to take out the placenta.

isis-killer-beheading-video-story-top Chelsea striker Michy Batshuayi has loan terminated by Valencia, confirms general director
Jan 11, 2019 - 19:03
And it is now being reported by The Mirror that Everton are keen on signing the Belgian, who would cost around £14m. The centre-forward scored the goal that clinched Chelsea the 2016/17 Premier League and deserves a lifeline.

isis-killer-beheading-video-story-top IMDb Announces Launch of New Free Streaming Service IMDb Freedive
Jan 11, 2019 - 18:01
The ad-supported service is available from today in the USA on the web, and via Amazon's Fire TV devices . Among the titles now available are seasons of Fringe , Heroes , The Bachelor and Gilligan's Island .

isis-killer-beheading-video-story-top Polish Police Arrest Huawei Executive, Accused Of Spying For China
Jan 11, 2019 - 17:58
China's foreign ministry said it was "greatly concerned" by the reports , and urged Poland to handle the case "justly". Two Huawei employees have been arrested in Poland for allegedly spying on the Chinese government's behalf.

isis-killer-beheading-video-story-top Bitter cold this morning, still eyeing first snow ‘storm’ of the season!
Jan 11, 2019 - 17:44
Roads will be hazardous Saturday morning and early afternoon so give yourself plenty of time to get to KC. A Winter Storm Watch has already been issued for southern IL into eastern Missouri ahead of the system.

isis-killer-beheading-video-story-top Andrew Wiggins Calls Dennis Schroder "Gay" In Postgame Interview
Jan 11, 2019 - 16:32
Wiggins admits he didn't know what was wrong with Schroder, saying, "He was just getting, he was acting insane for no reason". Noel went up to contest an attempted dunk by Andrew Wiggins , but the Wolves' wing caught Noel in the face with his forearm.

isis-killer-beheading-video-story-top IBM is taking quantum computing out of the lab
Jan 11, 2019 - 13:18
IBM has banked on quantum as one of its core future technologies, first opening up client access through the cloud a year ago . Quantum computing is considered one of the most promising early-stage technologies out there today.

isis-killer-beheading-video-story-top Aaron Ramsey clashed with Unai Emery before deciding to leave Arsenal
Jan 11, 2019 - 13:13
Where would you like to see Ramsey next season? He will be fondly remembered by Arsenal fans, most of whom wish he wasn't going. Ramsey has had his injury problems but Juventus are delighted to have secured the midfielder on a free transfer, while.