Apple CEO Tim Cook earned almost US$16 million in 2018

Apple has a big new product coming this year - but it might not be what you expect

Long the biggest company by market capitalization, Apple is now fourth behind Amazon, Microsoft and Google parent Alphabet.

In 2018, iPhone maker Apple gave its chief executive Tim Cook a substantial pay raise of more than 20 percent, bringing his total compensation for the year to nearly $15.7 million, a new filing submitted to the SEC reveals. "There will be more things coming". I don't wanna tell you about what they are and I'm not gonna forecast precisely, the ramps and so forth.

Cook went on to say that he's "not defensive on it", adding that he believes "there is a culture of innovation in Apple and that culture of innovation combined with these incredible, loyal customers, happy customers, this ecosystem, this virtuous ecosystem, is something that is probably underappreciated". "We're democratizing it. We're taking what has been with the institutions and empowering the individual to manage their health".

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Tim Cook Says ‘Bologna on That’ in Regards to Reports of the iPhone XR Being a ‘Flop’

When it comes to the iPhone XR being a flop?

Apple earlier this month adjusted its earnings guidance, explaining that sales are expected to decline due to two different factors, namely the growing tension between China and the United States on import fees and the battery replacement program for the iPhone. After investors received the guidance on lower revenue for Q1 2019, Apple shares continued their downward slide, which has been pretty much nonstop since the company posted its Q4 2019 results. He stated that current revenue from wearables is 50% more than the iPod at its peak. "(.) Also, if you take AirPods and the Watch separately, and you sort of back these up and align it to the launch date of iPod as well (.) you will find that each one independently is like four to six time ahead of where iPod was in a comparable amount of time", he said.

Check out the entire interview in the video, above.

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