"Apple Inc. stock surged a day after the company posted $16.1 billion in quarterly revenue — just from China, Hong Kong and Taiwan, that is. That was up 70 percent from a year earlier. Canalys, a research firm, says Apple is now the No. 1 smartphone maker in China, despite lagging its rivals in introducing large-screen smartphones. Total profit was $18 billion and revenue was $74.6 billion, versus profit of $13.1 billion and revenue of $57.6 billion a year before. The stock is up more than 50 percent in the past year."
Deserves a big paycheck:
"Apple’s Cook gets hefty bonus for 2014" by Brandon BaileyAssociated Press January 23, 2015
SAN FRANCISCO — The chief executive of Apple Inc., Tim Cook, got a hefty cash bonus that brought his total compensation to $9.2 million last year. That’s more than double what he got the previous year, as the company enjoyed a surge in sales and profit fueled by the popularity of its new, oversized iPhone 6 models.
Cook’s pay for fiscal 2014 included $1.7 million in salary and $6.7 million in incentive pay that was awarded by Apple’s board after he beat the performance goals that directors had set for him, according to a regulatory filing Thursday. He also received $774,176 in other compensation, including a 401(k) contribution, company-paid insurance premiums, and security expenses.
Apple reported $182.8 billion in revenue for the fiscal year ended Sept. 27 and $39.5 billion in profit, after seeing record sales last fall. Sales of iPhones rose 21 percent in the company’s fourth quarter, which made up for a decline in sales of iPads. Apple’s annual revenue has increased in each of the last three years.
Cook and the company’s other top officers were awarded the maximum bonus possible under Apple’s incentive plan, after the company’s annual revenue and $52.5 billion in operating profit each exceeded the plan’s maximum goals by 7 percent, the filing said.
Despite his bonus, Apple’s chief collected less than the company’s four other top officers, all of whom garnered sizable stock awards.
While Cook’s total pay has increased for the last two years, it still pales against the $378 million in cash and stock grants he was awarded when he took the chief executive job in 2011.
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At this point it's all $alt into the wound.
