During this week, Apple’s Chief Executive Tim Cook sold 196,410 shares of the company’s stock. Based on the average sale price of the transaction, the total value of these shares is $33.2 million, which is a massive payday for the CEO of the world’s most valuable company, but he will not pocket the entire amount.
Last year, we reported that Cook made $63.2 million as part of his compensation. Out of that amount, $3 million was his base salary, followed by $47 million in stock awards, $10.7 million in performance-based bonuses, and $2.5 million in other compensations. Those compensations include 401(k) contributions, term life insurance premiums, vacation cash-out, security expenses, and personal air travel expenses.
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After taxes, Tim Cook will net around $16.4 million and still owns hundreds of thousands of shares in Apple
A U.S. Securities and Exchange Commission filing spotted by MacRumors revealed that after taxes, Tim Cook would keep approximately $16.4 million of those earnings. Even with the latest sale, the Apple CEO has plenty of stake in the company, with the details mentioning that he still owns 3.3 million shares after selling the 200,000. A note on the SEC filing says that the sale ‘was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 28, 2022.’
The statement above suggests that Cook’s shares are automatically put up for sale when certain requirements have been fulfilled, though those details are currently in the dark. AppleInsider states that insider trading laws govern how company executives can or cannot sell their shares, but Cook has the option to sell them out of his predetermined plan.
The last time he carried this out was in 2021 when he received five million shares that were a part of his original 2011 contract for effectively taking on the role of Apple’s CEO. The $16 million that Cook pocketed is much smaller than the $41.5 million he made when selling his shares in October 2023.
News Source: U.S. Securities and Exchange Commission filing
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Qualcomm officially took the wraps off the Snapdragon X Elite, revealing that there was not one but three SKUs that will be found in various premium notebooks, with the fourth one being the less powerful Snapdragon X Plus. The SoC was recently benchmarked in the upcoming Microsoft Surface Laptop 6, operating at 4.00GHz, suggesting that it is one of the two versions that supports boost clock technology. The scores show that Qualcomm’s latest and greatest silicon continues to outpace Apple’s M3, but it has yet to overtake the higher-end chipsets.
Apple is expected to rely on China for a reliable supply chain for the foreseeable future, and though the company has successfully established manufacturing plants outside of the country, it will take years before the technology giant can claim complete independence from the region. Now, according to its 2023 supplier list, Apple has added eight new supply chain members from China while removing four of them due to undisclosed reasons.
A few hours have passed since Huawei officially announced the Pura 70 series of flagships, which boast the upgraded Kirin 9010 chipset, along with improvements in various areas. As you would expect, in the blink of an eye, the premium Pura 70 Pro and the Pura 70 Ultra sold out in just one minute when sales went live on the Chinese phone maker’s online store. This might showcase evidence that the latest models will ship in droves and that Huawei’s competition has much to worry about.
The Galaxy S24 Ultra improves upon its predecessor, the Galaxy S23 Ultra, in every possible way, and for those looking for a premium flagship on Amazon, the 512GB storage version can be yours for $200 less. Yes, you read that correctly; the current retail price for the unlocked variant of Samsung’s top-end offering is available for $1,219.99. Bear in mind that the cost of a base model that ships with 256GB of onboard memory launched for $1,299.99, so this is practically a steal if you want one of the best Android handsets at a lower price.
The Apple Watch Series X will mark the 10-year anniversary of the company’s first smartwatch, which was launched on September 9. Since then, Apple has been hard at work, introducing newer models with slight changes while also battling with the limited space it has to work with its wearable line. The upcoming model will be the culmination of all the technology giant’s efforts, and through a series of multiple rumors and reports, we get to see some detailed renders of the upcoming Apple Watch Series X while discussing what design and internal changes can be expected.
Huawei did not reveal much about the Kirin 9010, but the company could do little when it comes to controlling information after it officially announced the Pura 70 series. Compared to the Kirin 9000S that debuted in the Mate 60 family last year, the Kirin 9010 is a noteworthy upgrade, offering a 12-core configuration, along with other changes, as you will soon find out.
The Qi standard is typically employed when giving a smartphone the ability to top up the battery wirelessly. However, there might be a different way of wirelessly charging future devices that can run Android 15, and that is NFC Wireless Charging support. According to the latest findings, Google is figuring out a way to bring this technology to supported models, bringing in some level of convenience, regardless of whether this approach is inferior to the Qi standard.
Huawei has discontinued its P-series of flagships by introducing a re-brand of the Pura 70 family, which can mean that the company will put on a positive first impression by bringing an attractive design and notable hardware upgrades to the upcoming models. Naturally, a name change will also pique the interest of potential buyers, resulting in higher sales.
Apple currently sells the M2 Ultra versions of the Mac Studio and Mac Pro. With the M3, M3 Pro, and M3 Max launched in October 2023, it is strange that the company has yet to launch the M3 Ultra. What is even stranger is that a new report states that the M4 Ultra will power Apple’s workstation hardware, with one of the models launching in the middle of 2025. Does that mean that the M3 Ultra models will not see an announcement? Read on ahead to find out.
As we wait for the official arrival of the P70 series, Huawei is rumored to introduce the direct successor to the Mate 60 lineup later this year, the Mate 70. The company is said to announce the new models in October, with its highlights being an upgraded Kirin chipset and improved imaging capabilities. Unfortunately, in-depth details of the SoC are yet to be unearthed, but looking at Huawei’s current efforts, it could be its most advanced silicon to date.
The new 13-inch, 15-inch M3 MacBook Air and the base M3 MacBook Pro all have 8GB unified RAM for the base configuration. Where Apple’s competitors have started outfitting their premium notebooks with 16GB RAM as standard, the company has taken a backseat when it comes to upping the total memory count. According to the latest interview, Apple executives have defended the technology giant’s decision by stating that this amount of unified RAM is ‘suitable’ for various tasks. Obviously, these individuals have ignored the significant number of drawbacks that come with these limitations, which we have discussed below.
Apple’s iPhone 16 range is rumored to arrive with multiple hardware upgrades to boost its AI capabilities. However, analysts are still skeptical of the launch, predicting that a limited artificial intelligence features set is expected to arrive later this year. However, for those who have intended to skip a purchase in 2024, 2025 has some notable internal changes arriving with the iPhone 17 lineup, likely boosting its AI-related functionality. Let us take a look at more details here.