Apple Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed.
Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/File PhotoChief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed.The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed.
The company's shares have fallen 13% from their record high of $198.23 in July as investors fret about a slower-than-expected recovery in smartphone demand.lineup last month, without raising prices, a move that some industry watchers said was in response to a global smartphone slump.
The brokerage noted that fewer phone users in the United States were likely to upgrade their devices as they grappled with high inflation.A Russian court rejected Apple's appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it was fined 1.2 billion roubles in January, the RIA news agency reported on Tuesday.
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