🎁Advance Bet: Will Tim Cook's 2024 Revenue Rise or Fall?
[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.
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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?
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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...
🌟🌟🌟$Apple(AAPL)$
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
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。
I would think that because Apple products are getting more expensive and the added features in the be phone release aren't fantastic. Hence it direct attract the new and existing users. A new iPhone 15 cost nearly SGD2000 per set which does not come with charger. 😔 Then the new phone does not last as long as the past few models during Steve Jobs's time. That drive away some longtime Apple fans.
That's my opinion.
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Great ariticle, would you like to share it?