Apple is one of the biggest tech companies in the whole world, which is why a lot of people are hoping to become part of it someday. Apple earns millions of dollars each day. It means that its employees also have high salaries. According to a report from The Guardian, Apple’s chief executive officer, tim cook, recently collected 560,000 shares from a 10-year deal that he signed as an incentive. The shares were worth $89.2 million based on the company’s $159.27 million closing stock price.
CEO received millions in just one day
Tim Cook receives annual payouts from the company’s huge stock award after replacing Steve Jobs in 2011.
The CEO also received another 280,000 shares for simply staying on the company. Tim Cook will receive the 560,000 shares once a year from August 2018 through August 2020. After that, he will receive 1.26 million in August 2021 as a final payment for his original Chief Executive Officer contract.
What to expect next month?
2017 is going to be a big year for Apple because the company is expected to launch new devices that sport hightly-anticipated features. Apple is expected to launch the iPhone 8, Apple TV, and Apple Watch 3 on September 12. The iPhone 8 is the highlight of the event. The upcoming smartphone also marks the tenth anniversary of the company’s iPhone line.
Apple Watch 3’s massive update
On the other hand, the Apple Watch 3 is said to feature a built-in LTE cellular chip capable of connecting the device to 4G LTE networks. The LTE feature will also allow the device to send texts, emails, and make calls without pairing it to an iPhone. In short, the Apple Watch 3 is going to be a standalone device.
KGI Securities analyst Ming-Chi Kuo claims that users can also stream or download music on Apple Watch 3. The fitness wearable device is rumored to feature a front-facing FaceTime camera and a built-in sleep-tracking feature.
Apple TV’s rumored features
Apple TV will also have a massive update. The company will improve the display of the TV so that it will be capable of viewing 4K ultra high-definition contents.
It can also stream 4K videos live, such as news and sports. Apple will add a set-top box on the TV, which has a high-speed processor. Despite its impressive capabilities, Apple engineers are not so happy with the incremental update. The company originally planned to produce a cord-cutting device for the Apple TV, but it did not happen because the company failed to create partnerships to make that vision a reality.
