In Apple’s notification to the US Securities and Exchange Commission (SEC), Tim Cook, who took over the CEO seat from Steve Jobs, revealed 2022 earnings. So how much did the name who has been managing Apple for more than 10 years earned in the past year? Here are the detailsTim Cook’s 2022 earnings announced
Tim Cook, who makes the biggest profit today from Apple shares, had a revenue of 98.7 million dollars in 2021, if we recall. In this context, the famous billionaire, whose annual salary is at the level of 3 million dollars, received a payment of 99.4 million dollars in 2022 with a stock return of 83 million dollars and additional compensation.
Apple will cut 40 percent
Bloomberg, on the other hand, reported that Cook’s 2022 revenue will fall by about 40 percent in 2023, based on feedback from shareholders and the request of the CEO himself. Thus, Cook is expected to close the year 2023 with a total revenue of $49 million. However, compared to this cut, the percentage of shares given to Cook will increase from 50 percent to 75 percent.
Supply chain problems and economic contraction in 2022 caused a nearly 20 percent drop in Apple’s share value. Today, analysts think that Apple will fall behind the $124 billion recorded in the fourth quarter of 2021 in its last quarter 2022 earnings. For this reason, the tech giant’s 14-quarter growth streak may be interrupted.
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