🎁Advance Bet: Will Tim Cook's 2024 Revenue Rise or Fall?

Tiger_chat
01-12

[Miser]Hello Tigers,

How is your income in 2023? increase or decrease？

[Allin]Hope it is a happy answer. [Allin]

But the main topic we are interacting with today is about Tim Cook, a tycoon worth nearly $2 billion.

$Apple(AAPL)$ CEO Tim Cook's earnings in 2023 amounted to $63.2 million, as disclosed in a recent annual proxy statement. However, this figure marked a decrease from his earnings in 2022, where Cook had amassed over $99.4 million.

It seems that Cook's income in 2023 dropped significantly compared with 2022.

Image

But in 2023, his target salary was reduced to US$49 million, and he actually received more than this amount.

The document shows that the median salary of Apple employees in 2023 will be $94,118.

In other words, the salary ratio between Cook and Apple employees reaches 672:1.

In addition, the annual salaries of several other senior executives were also exposed——

  • Chief Technology Officer Luca Maestri: $26,935,883.

  • General Counsel and Secretary Kate Adams: $26,941,705.

  • Deirdre O'Brien, senior vice president of retail: $26,937,010.

  • Chief Operating Officer Jeff Williams: $26,961,226.

Questions for Tigers

  • Why is Tim Cook's revenue declining?

  • Based on Apple's development, do you think Cook's revenue will grow or decline in 2024?

  • $Apple(AAPL)$ is one of the two falling stocks among the top 10 stocks in the U.S. stock market. What are your thoughts on Apple’s future?

Welcome to leave a message in the comment area. Every valid reply and best comment will be rewarded.

Finally, we encourage you to cultivate the ability to live a joyful life, regardless of the impact of economic conditions on our income. It's also advisable to diversify your assets to increase your resilience to potential risks.

Apple is So Back! Are You Bullish on the King?
Apple is so back as its market cap surpasses that of Microsoft yesterday. ----------------- How do you view this? What's your target price for Apple? Are you bullish on Apple?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • icycrystal
    01-13
    icycrystal
    Well, given the not so pleasant experience with Apple recently, I don't think i will ever be a fan of Apple.

    The hype surrounding Apple has somewhat died down.

    There's no one like uncle Steve. The legacy he left behind, his passion, his no-nonsense attitude, etc, propelled Apple to the front line while he was the "face" of Apple, bringing Apple to the world.

    Nevertheless, Apple is still sought after by many but not for me...

    Therefore, I still think Apple still can command quite a market share and will probably remains bullish but would be rather stagnant given their falling sales...

  • Cory2
    01-13
    Cory2
    With Apples design chief leaving also, (problems with China, patents etc), they still haven’t done too badly in terms of share pricing. The design team may switch up a bit with the new design chief which may or may not be a good thing. The iPhone 16s have already been leaked with a few new features and camera, so we’ll see. I expect $Apple(AAPL)$ to dip slightly (to maybe $162?) then correct with upward momentum. Long term I think Apple’s revenues are pretty safe. With iPhone’s being so user friendly and so many diehard fans, Apple will be just fine…
  • koolgal
    01-13
    koolgal

    🌟🌟🌟$Apple(AAPL)$ 

    had a rough start in early January when an analyst at Barclays downgraded Apple to underweight from neutral and its share price fell to a 7 week low.  This was due to slowing volume in iPhone sales especially in China.

    Apple also briefly lost its title as the most valuable company to $Microsoft(MSFT)$ 

    on Friday when Microsoft's market cap hit USD 2.89 Trillion versus Apple's USD 2.87 Trillion.

    I believe that this is just a temporary setback for Apple and offers a golden opportunity to bargain hunt this wonderful quality stock. 

    It is not surprising to know  that Tim Cook's salary package is tied to Apple's performance.   If Apple does well, Tim Cook's pay will be increased. 

    In 2024 Apple will be introducing its newest product the Apple Vision Pro AR/VR Headset.  It is to be priced at USD3,500.  Apple will also be introducing its latest iPhone 16 together with other Apple devices.  Apple has a legion of loyal Apple fans due to its unique eco system, making it difficult to switch.

    Warren Buffett also believes in Apple with Berkshire Hathaway owning 50% of Apple shares.  He sees Apple as a wonderful business and a forever kind of stock.

    I believe in Apple too as it ticks all the core fundamentals of a quality stock.  Apple is certainly profitable, has a rock solid balance sheet and an excellent management team under Tim Cook.  With 2 billion Apple devices in use, Apple will continue to command loyalty from its legion of loyal fans. 

    Apple - My Forever Stock! 🍎🍎🍎

    @Tiger_chat  @TigerStars  @TigerClub

  • Aqa
    01-16
    Aqa
    Tim Cook’s target salary in 2023 was reduced to US$49 million, but he actually received more than this amount. He earns 672 times of median salary in AAPL. With his fortune of $2 billion, i am not worry for him to have a drop in earnings in 2024.
  • Fenger1188
    01-17
    Fenger1188
    谢谢 @Tiger_chat 精彩分享👍🏻👍🏻短短2周时间，苹果股价共下跌5.31%，报182.82美元，苹果营收出现了连续四个季度同比下滑的情况。今年也将是这家iPhone制造商最具挑战性的一年。 据估计，苹果的销售额很可能会连续第五个季度出现下滑 。
    2024年，苹果能否挽回失去的市值，还有待观察。但可以肯定的是，苹果必须正视如今的市场竞争和用户需求，要在变化的环境下积极回应、不断创新和优化运营策略，这将在未来发展中起到关键作用。
    苹果股价可能会继续波动，投资者不要在恐慌中乱抛售股票，应该继续持有你手上的股票。因为当股市坏到一定程度就会好起来，因为它无法更坏。我是苹果的铁粉， 我会继续等待时机，买入更多苹果股票。
  • Nichas
    01-14
    Nichas
    I think it will be steady before a significant rose. The brand is so powerful in term of customer royalty. Anyway, new innovations are needed for a competition.
Leave a comment
36
2119