Apple gives CEO Tim Cook and top executives a big pay boost


Apple chief executive Tim Cook and other top executives at the company received a big boost in compensation for the 2017 fiscal year, after the company topped its profit goals and annual sales targets. The information comes from an official company filing with the U.S. Securities and Exchange Commission.

Tim Cook received a total compensation of $12.8 million for the 2017 fiscal year, up from $8.75 million for the previous year, a boost of nearly 47%.

Apple's success in 2017 comes on the back of the iPhone 7 series as the iPhone remains the biggest driver of the company's revenues and profits. Other successful devices that contributed to the results are the more powerful and expensive iPad Pro, as well as a growing services business with products like Apple Music, Apple Pay, iTunes and others.


In fiscal 2017, Apple recorded $229.2 billion in annual revenue, beating the company's own target of $225.2 billion. Operating income amounted to $61.3 billion, up from $57.9 billion in the preceding year.

Interestingly, the rebound in 2017 comes after Apple missed the mark a bit in 2016. In 2016, Tim Cook's compensation actually fell by 15% as Apple did not meet its financial goals amidst slower than expected iPhone sales and a decline in one of its biggest markets, China.

On top of his compensation, Tim Cook also holds around 2.9 million Apple shares that at the current selling price are worth some $500 million.

FEATURED VIDEO

29 Comments

1. notfair

Posts: 721; Member since: Jan 30, 2017

good for him, selling crap is hard.

24. mrochester

Posts: 978; Member since: Aug 17, 2014

Ask Android OEMs, their profits show that for sure.

44. HansP

Posts: 542; Member since: Oct 16, 2011

Yes, Samsung is really struggling. To find places to put all the monies.

45. audibot

Posts: 601; Member since: Jan 26, 2017

what do ass o's need with money he most need more to wipe himself cleaner, all that crap coming out of his mouth

2. cnour

Posts: 2305; Member since: Sep 11, 2014

Yes because iPhone X is not selling well.

6. notfair

Posts: 721; Member since: Jan 30, 2017

I really don't care if the phone sells good or bad... it's up to him to play with the numbers to satisfy the investors... but however you take it, CEO bonuses nowadays are fu***cking exaggerated, nobody deserves that kind of money.

12. cnour

Posts: 2305; Member since: Sep 11, 2014

It is their money.....

15. wando77

Posts: 1168; Member since: Aug 23, 2012

Actually, it is your money lolz. Dumb as dirt if you think any one person deserves that much money while others live on the street. There is only a set amount of money in the world and it is all going one way. The richest 76 people (YES 76) own more wealth than the poorest 4 billion people combined

36. cnour

Posts: 2305; Member since: Sep 11, 2014

No one is forcing anyone to buy Apple products....Apple is doing a great job concerning charity.

30. Ralph.

Posts: 249; Member since: Dec 20, 2017

This Pos gets paid so well for doing jksht trash, while the people in the middle does everything.

40. apple-rulz

Posts: 2041; Member since: Dec 27, 2016

Your comment reeks of bitterness and jealousy. You’ve failed in life, accept it and move on, don’t hate on Tim Cook or anyone else for achieving what you never could.

4. theunspoken

Posts: 310; Member since: Jul 06, 2017

All hail the iPhone X users who bought the piece of crap to fill top executives pocket.

7. cmdacos

Posts: 4118; Member since: Nov 01, 2016

That money should go right back into quality control...

17. theunspoken

Posts: 310; Member since: Jul 06, 2017

More like notch management center

9. Phantom1031

Posts: 263; Member since: Aug 02, 2014

That pic lol.... I wonder did Tim Cook really hold money like that?

10. midan

Posts: 2724; Member since: Oct 09, 2017

amazing year for amazing Company, well done Apple! Next year going to be even better

13. SIGPRO

Posts: 2815; Member since: Oct 03, 2012

Euhhhhmmm Amazing year? They lost 14 billion.....yes very amazing hahah...Crap company!

19. midan

Posts: 2724; Member since: Oct 09, 2017

Apple had nothing to do with that, and they will get it back very soon and a lot more. Yes amazing year.

32. Ralph.

Posts: 249; Member since: Dec 20, 2017

Consumers still think that Apple is amazing, revolutionary, and that the sun shines out of every Lighting, Thunderbolt and USB-C port. And no one believes that Apple is amazing more than Apple does. The RIP off Apple awaits .

28. JimmieCrakCorn

Posts: 143; Member since: Nov 20, 2017

Hey Trumptards, let's see how much of Tim's $13 million pay raise trickle down to his peon employees (that's you) this year. I bet it's something real big and significant like... ZERO! Merry Christmas, hahahaha!

39. Firenze91

Posts: 205; Member since: Nov 19, 2014

Still not married nor has any kid.. what the hell is he doing with all that money?

41. sissy246

Posts: 7083; Member since: Mar 04, 2015

Not paying his taxes for one. We all work our azz's off and have to pay while he hides his. And that is why apple/Timmy boy will never get a dime of my money. You people that care how much he makes are pretty sad people.

42. Paximos

Posts: 282; Member since: Jul 26, 2012

Hurray, I am applauding all the fanboys here putting up a great fight for the money that is not theirs.

* Some comments have been hidden, because they don't meet the discussions rules.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.