Tim Cook makes 300 times more than average Apple employee - company’s filing

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Cook received a $US12 million bonus for the year ended September 29, the California-based company said on Tuesday in a filing. That's about $US33,000 ($46,000) a day. He also got a $US3 million salary and shares worth $US121 million from his 10-year stock award, bringing his total haul to $US136 million, along with perks of about $US682,000. "We achieved net sales of $265.6 billion and operating income of $70.9 billion, each representing a year-over-year increase of 16 percent, and exceeding the 2018 maximum annual cash incentive program goals for both of those performance measures", the document said.

Repeating that feat may be challenging. With the beginning of 2019, the Cupertino tech giant had to cut its revenue outlook for the first time in nearly two decades due to slowing demand in China, its biggest market. The announcement punished the stock, which has tumbled 12 per cent since then.

VideoApple has acknowledged that demand for iPhones is waning.

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

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And despite the iPhone clearly declining, Apple CEO Tim Cook says there's no reason to worry, explaining that those who criticize the company do the same thing every once in a while. It pays out in annual increments.

The number of shares he receives partially depends on the performance of Apple's stock compared with other S&P500 companies.

Cook seems to be most enthusiastic about Apple's health-related efforts, which have gotten far more serious with last year's launch of ECG and irregular heart rhythm notifications features for the Apple Watch.

Details about what the company paid chief design officer Jony Ive, considered by some to be the firm's most important employee, weren't disclosed.

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