Tim Cook doubles his annual income as South Korea warms to Apple

Tim Cook doubles his annual income as South Korea warms to AppleIt’s been a while since we’ve shoved two stories into one newsbite, but there’s so much going on at the moment that it just makes good sense. Let’s file this combined story under Everything’s Coming Up Apple.

On the one hand we’ve got CEO Tim Cook doubling his 2013 pay check (or “cheque”, if you prefer), while a delicious graph shows Apple clipping Samsung’s heels in South Korea.

Starting with Tim Cook, he earned more than twice his 2013 salary in 2014, or – to look at it another way – more than he earned in 2012 and 2013 combined. Either way, that’s a lot of money.

Specifically, as detailed in this Apple filing (PDF), Tim Cook took home $9.2 million in 2014 (Sweet Moses), comprised of a $1.7 million basic salary, $6.7 million “compensation” (presumably some sort of performance-related bonus), and a further $775,000 compensation, because, well, why not?

Meanwhile, a graph from Counterpoint Research shows Apple’s South Korean smartphone market share rising to 33% in November 2014, while Samsung fell to 46%.

To give those figures some context, at the start of 2014, it was 60-odd% for Samsung and just over 20% for Apple. Credit goes to Apple’s latest phones, the 4.7in iPhone 6 and 5.5in iPhone 6 Plus, which emphatically broke through the 4in barrier set by the iPhone 5 and stubbornly maintained by the iPhone 5s and iPhone 5c. South Korea loves its phablet-style devices, and Apple is supplying the goods.

More impressive still, Japan is going Apple crazy, with more than half of November 2014’s smartphone sales going to Team Cupertino. Second-place Sony (of Japan, of course), was miles behind on 17%.

So, pretty much a bad time to be an Apple hater, huh?

Read more about: iOS

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saxo_appeal  Jan. 23, 2015 at 22:04

....a 6.7 Million dollar 'bonus' which is bigger than his annual annual salary wtf!!

Now I wonder if the Americans don't pay as much tax on these sort of bonuses ..hmmm


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