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Apple today made a new filing with the SEC in which it revealed the earnings of its top executives during 2015. In the filing it was revealed that CEO Tim Cook earned roughly $10.2 million during the 2015 year, which is a slight increase from the $9.2 million he earned in 2014. Cook’s salary was $1.7 million in 2015.Â Cook also has nearly 3.1 million Apple shares that have yet to vest, which at the end of 2015, were worth roughly $350 million.
As for the other executives, they all earned around $25 million during 2015, including $20 million in new stock awards. CFO Luca Maestri earned $25.3 million, up from $14 million in 2014, while retail chief Angela Ahrendts earned $25.7 million, down from $73.4 million in 2014. Eddy Cue, SVP of hardware engineering Dan Riccio, and SVP general counsel and secretary Bruce Sewell all brought in $25.1 million each. These numbers do not include restricted stock units that vested in 2015. All executives, aside from Cook, received a $1 million salary in 2014.
Apple, as usual, did not disclose the compensation for chief design officer Jony Ive.
Apple is set to share its Q1 2016 earnings on January 26th, which should offer more insight into the company’s performance throughout 2015. Today’s filing revealed the company generated $233.7 billion in sales during 2015, a 28 percent increase over 2014.
Filed under: AAPL Company Tagged: Apple, earnings, executives, salary, Tim Cook
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Apple hasÂ announcedÂ this evening that its fiscal firstÂ quarter earnings call will take place on Tuesday, January 26thÂ at the usual time 2PM PT/5PM ET, with the earnings release dropping roughly thirty minutes before that. The call will report earnings for the three-month period ending this month.
Given that these results will cover the holiday shopping season, we should expect strong numbers from Apple. This is also the first full quarter during which the iPhone 6s and iPhone 6s Plus have been available, as well as the iPad Pro.
Last quarter, Apple reported profits of $11.1 billion off ofÂ $51.5 billion in revenues. The company sold roughly 48 million iPhones, 9.9 million iPads, and 5.7 million Macs, as well. For its first fiscal quarter of 2016, Apple is expecting revenues between $75.5 billion and $77.5 billion.
The live broadcast of the call will be availableÂ here on Appleâ€™s websiteÂ and of course we will have live coverage, as well. The call will feature questions from the press and investors for Apple executives.
Filed under: AAPL Company Tagged: Apple, earnings, earnings call
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