Apple CEO Tim Cook just celebrated 10 years selling three quarters of a billion dollars’ worth of stock. Apple (AAPL) is the world’s most valuable company, with a market cap of $2.4 trillion. Apple stock has risen about 11% in 2021 so far. In a recent filing with the US Securities and Exchange Commission (SEC) shareholders have been rewarded close to 192% from August 2018 to 2021.
Apple CEO Tim Cook just celebrated 10 years selling three quarters of a billion dollars’ worth of stock which equals a little over 5 million shares.
Cook has been well rewarded for running Apple with a substantial amount of Apple stocks rewards. Filings with the US Securities and Exchange Commission (SEC) revealed he donated 70,000 Apple shares valued about $10 million to an unnamed charity.
Before Tim Cook worked at Apple he worked at IBM and Compaq. Cook was the first Fortune 500 CEO to come out as being gay.
In other Apple news:
Apple today announced a number of changes coming to the App Store that, pending court approval, will resolve a class-action suit from US developers. The terms of the agreement will help make the App Store an even better business opportunity for developers, while maintaining the safe and trusted marketplace users love.
Apple appreciates the developer feedback and ideas that helped inform the agreement, and respects the ongoing judicial review process.
The agreement clarifies that developers can share purchase options with users outside of their iOS app; expands the price points developers can offer for subscriptions, in-app purchases, and paid apps; and establishes a new fund to assist qualifying US developers. The updates constitute the latest chapter of Apple’s longstanding efforts to evolve the App Store into an even better marketplace for users and developers alike.
Source Apple Investor Relations
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