Monday, 17 June, 2019

Apple gives Cook a bonus

Apple has a big new product coming this year - but it might not be what you expect Tim Cook makes 300 times more than average Apple employee – company’s filing
Anna Jefferson | 11 January, 2019, 09:00

Cook could also be referencing Apple's rumoured monthly news subscription service, which could look a lot like Apple's streaming-music service, Apple Music. Cook didn't offer any specific details aside from a focus on health care, but said it relates to technologies the company has been working on "for multiple years".

Apple executives have said in the past that the company's goal is to hit $US50 billion in services revenue by 2021. Some of the business lines include the App Store, iTunes, Apple Pay and cloud services which combined for 19 percent growth in the recent quarter.

In his letter to investors, Cook blamed much of the shortfall on China, where the company underestimated a decelerating economy.

A spokesperson for the Chinese Ministry of Commerce told a press briefing in Beijing on January 4 that a U.S. working group led by Deputy U.S. Trade Representative Jeffrey Gerrish would visit China on January 7-8 for talks on the implementation of the important consensus reached by Chinese President Xi Jinping and his U.S. counterpart Donald Trump in Argentina in December.

Analysts at Wedbush believe trade tensions between the USA and China have not helped demand for Apple's latest iPhone XS/XR products in the Asian nation. Cramer says that his daughter is still the iPhone 5, would you trade only over your dead body, against one of the new models, because it was already so flawless.

Michael Cohen To Testify Publicly In Front Of House Oversight Next Month
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Halftime: No. 2 MI 44, No. 21 IN 29 | Eyeing IU
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Apple has accused Qualcomm of engaging in illegal patent licensing practices to preserve a dominant market position in so-called modem chips, which help mobile phones connect to wireless data networks.

Cook is optimistic a resolution to the U.S. "And we're just at the front end of this", Mr. Cook explained.

Cook's comments that the Apple Watch represents 5 percent of sales and growing at 45 percent while Air Pods represents 1 percent of sales and growing at 87 percent is consistent with estimates.

The interview then touched on Apple's legal battle with Qualcomm. "They charge exorbitant prices".

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