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Apple CEO Tim Cook Took Home $125mn in 2019, Less Than in 2018

The company's stock rose by nearly 90 per cent last year

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Apple CEO Tim Cook speaks during a data privacy conference at the European Parliament in Brussels. VOA

Apple CEO Tim Cook took home $125 million as his pay package in 2019, slightly lower (nearly 8 per cent) than $136 million which he received in total compensation in 2018.

According to an SEC filing, Cook received $3 million as base salary in 2019 but his bonus slid to $7.67 million from $12 million, reports Seeking Alpha.

“Cook’s total pay fell last year as the company failed to top its financial targets by as much as in 2018, but Cook still amassed $125 million in total compensation,” the report said on Friday.

APPLE’s board set less ambitious goals for 2019, lowering its sales target by 3 per cent from 2018 to $256.6 million and its profit target by 15 per cent (YoY) to $60.1 billion.

Cook, 59, earned about $11.56 million in non-equity compensation for 2019 — a 26 per cent decline compared to 2018 when he earned nearly $15.7 million.

“In 2019, Apple’s performance exceeded the target performance goals for both net sales and operating income, resulting in a total payout of 128 per cent of the target payout opportunity for each named executive officer,” Apple said in the SEC filing.

Apple, Tim Cook, Campus, China
Apple CEO Tim Cook discusses the new Apple iPhones and other products at the Steve Jobs Theater during an event to announce new products in Cupertino, California. VOA

Apple shares hit $300 for the first time in late December and closed at $297.43 on Friday.

Apple shares hit a new all-time high of $300 on Thursday, marking significant growth over the course of the last year.

In early January 2019, Apple shares were at $144.

Also Read: Reports Say, Indians Watched Over 2,200 Movies in Theaters in 2019

Apple stock has surged owing to reports of better than expected aCE iPhone 11aCE and 11 Pro sales and reports of stronger AirPods Pro sales.

The company’s stock rose by nearly 90 per cent last year. (IANS)

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Apple’s iPhone 11 Becomes Second Best-Selling Smartphone Model Globally in 2019: Tech Report

"5G still contributed to only 1 per cent sales in 2019 hence, there were no 5G models among the top 10

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Apple is followed by Samsung with three models, all from its A series, among the top 10. Pixabay

Despite being launched in September, iPhone 11 raced to become the second-best selling model globally with 2.1 per cent share in 2019, a new report said on Thursday.

According to Counterpoint Research’s ‘Market Pulse’, out of the top 10 models, Apple captured six places with iPhone XR being the top-selling model globally in 2019, capturing 3 per cent market share. iPhone XR was also the only model to capture double-digit market share in any region (NAM region — US and Canada).

Apple is followed by Samsung with three models, all from its A series, among the top 10.

The mid-range A series with features like OLED display, multiple cameras, in-display fingerprint sensor, coupled with the brand power of Samsung created an excellent value proposition for buyers.

“The revamp of A series has paved the way for a successful mid-tier strategy for Samsung,” said the report.

The first iPhone with multiple cameras was launched at a lower price than its predecessor. This also indicates the impact of the new iPhone series during the all-important holiday season in Q4.

Oppo with its A5 smartphone replaced Xiaomi’s position from 2018, which was also the top-selling model in China. The top 10 smartphone models alone captured approximately 15 per cent of the global smartphone sales.

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Despite being launched in September, iPhone 11 raced to become the second-best selling model globally with 2.1 per cent share in 2019. Wikimedia Commons

Huawei the second-largest player in the global smartphone sales, had no models in the top 10 globally. The company, which has concentrated its efforts in China after the trade ban was imposed, had its Huawei P30 in the top five models in China.

Realme entered the top five in Rest of APAC region for the first time ever with its C2 device. This was driven by strong growth in the India and the SEA market. In fact, realme was the fastest growing brand globally for CY 2019 (426 per cent YoY growth).

ALSO READ: Here’s Why Vaping Can Make You More Prone To Inflammation and Infection

“5G still contributed to only 1 per cent sales in 2019 hence, there were no 5G models among the top 10. However, this might change in 2020, as the networks roll out, Apple launches its 5G iPhones and 5G devices enter lower price tiers,” said the report. (IANS)