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.
Apple CEO Tim Cook promised new services from the company this year on Tuesday evening and emphasized its continued work in healthcare.
The interview came in the wake of Apple's recent revenue miss. Specifically, Mr. Cook wants to democratize the ways people access their health information, citing the company's work to integrate medical records into the iPhone as an example. However, Apple CEO Tim cook has not confirmed it, but hinted that new services will likely be several. "There will be more things coming", he said.
"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.More news: ‘Deeply disappointed’: Unifor president Jerry Dias reacts after GM meeting
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According to a report in Deadline, there was a modest pay increase in Cook's salary as Apple became the first American company to hit the $1-trillion mark last year, before losing substantial market cap on poor iPhone sale predictions in the later part of the year. (.) I'm not gonna forecast precisely, the ramps and so forth. "We are taking what has been with the institutions and empowering the individual to manage their health".
"If you zoom out into the future, and you look back, and you ask the question, 'What was Apple's greatest contribution to mankind?' It will be about health".
He also got $294,082 in personal travel expenses. Recode's Kara Swisher declared in a CNBC interview that "The innovation cycle has slowed down at Apple". Additionally, he singled out the Watch and the AirPods, noting that each product has generated for Apple at least four times more in sales than the iPod did at the same point in its life cycle. The company also thinking of investing it energies to the health care sector. Mr. Cook said that he felt "Apple is not well understood in some of Wall Street".