March 27, 2019

Tim Cook makes 300 times more than average Apple employee - company’s filing

11 January 2019, 08:56 | Randall Craig

Apple company logos are reflected on the glass window outside an Apple store in Shanghai China

Apple company logos are reflected on the glass window outside an Apple store in Shanghai China

"This is an area that I believe, 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", Cook said.

While the company is most known for the iPhone, they generated a staggering $100 billion in revenue from other products.

The primary case in Apple and Qualcomm's legal battle goes to trial in April. Cramer says that his daughter is still the iPhone 5, would you trade only over your dead body, against one of the new models, because it was already so ideal. "Because our business has always been about enriching people's lives", Cook said. "There will be more things coming". He stated that with products like the Apple Watch, ResaearchKit and CareKit Apple was "democratizing" healthcare.

"For 2018... we achieved net sales of US$265.6 billion and operating income of US$70.9 billion, each representing a year-over-year increase of 16 percent, and exceeding the 2018 maximum annual cash incentive program goals for both of those performance measures", the filing read. A few months ago, the group had cracked the first private company in history, the One trillion mark in the stock market and seemed to be unchallenged on the throne to sit. Apple slipped to the ranking of the most valuable companies in the world.

Cook gave the interview at a time when Apple is facing intense scrutiny following its recent warning that iPhone sales during the holiday quarter were lower than previously expected, the first time in almost 17 years the company has made such an announcement.

Apple has also slowly brought its Apple Watch device into the medical world. The company already made a big move in the health sector with the introduction of ECG feature in Apple Watch 4. Whatever Apple is planning for its health teams, it's going to be big.

In his interview with Cramer, Cook said trade tensions between China and the U.S. created the sharp downturn, but he said he believes the situation is temporary.

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