Gadgets
Apple’s Tim Cook will fly private, after making $13 mn in 2017 (Lead)
San Francisco, Dec 28 (IANS) Apple CEO Tim Cook, who saw his salary and perks jump 47 per cent to almost $13 million in 2017, will now fly on private aircraft even for personal travel for “security and safety reasons”.
According to a new shareholder proxy statement from Apple, the board of directors has approved that Cook will fly on private aircraft whenever he travels, be it for business or personal purpose, Business Insider reported on Thursday.
“This policy was implemented in 2017 in the interests of security and efficiency based on our global profile and the highly visible nature of Cook’s role as CEO,” Apple said in the shareholder proxy statement filed late on Wednesday.
According to The Telegraph, Cook took home $12.8 million for 2017 — with $3.06 million as salary, $9.3 million in cash bonuses and the rest as additional compensation.
“This compares with the $8.7 million he was paid a year earlier when his salary was $3 million, bonus $5.4 million and additional compensation came in at $378,000,” the report added.
The personal travel cost for Cook was $93,109 in 2017, which is part of his compensation package.
“Any time Cook uses an Apple private jet for personal travel, the costs are considered extra compensation, on which he will have to pay taxes,” the statement further said.
Apple has also hired “personal security services” for Cook.
In August, the iPhone maker’s CEO received company stock worth $89 million after the company hit a key performance target.
The payout was a part of the huge welcome package that Apple gave Cook after he succeeded Steve Jobs in 2011.
According to the latest report from Counterpoint, Apple continues to command the lion’s share of mobile handset industry profits capturing almost 60 per cent share globally.
“However, this is down from 86 per cent share in the same quarter last year when Samsung had to gulp up a loss due to the Galaxy Note 7 debacle,” said Research Director Neil Shah.
Apple’s profit share declined by 30 per cent (YoY) mainly due to an increased mix of previous generation iPhones.
“In Q4 2017, we estimate that the total profits of Apple will improve driven by its iPhone X sales. Apple exited the quarter with some iPhone 8 inventory due to softer than expected demand compared to the iPhone 7 series,” Counterpoint said.
–IANS
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Business
Apple is giving a huge discount on its gadgets: Details inside
If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.
The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.
Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.
Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.
Buy at Rs. 64,900 (MRP – Rs. 79,900)
Features of Apple iPhone 13
The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.
The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.