Your welcome Mr. Cook
At $43 million a check I believe his welcome is unmatched.
Your welcome Mr. Cook
Don't forget he's promised to give away his wealth over the course of his lifetime regardless of current/potential stock price.Yes. Every time one of these articles gets posted, idiots think Apple is doomed. What they don't understand is that executives at all companies can only sell stock at certain times and must disclose it in advance. They can't simply dump their stock right before a product release because they think things look bad. They have to file their intentions to sell months in advance in most cases.
Tim has sold stock before, just as Zuckerberg and every other CEO at most long established companies have done. Cook still has over $100 million in Apple stock. If he believed they were doomed, why wouldn't he sell it all instead of holding on to the majority?
Have said it before, will say it again ... the iPhone 8 "without" Touch ID is a looming catastrophe ! ... Tim Cook very-likely knows this ... it's the single biggest R&D gamble Apple has made in a long, long time ... Apple made a Tech Gamble on Touch ID (under Glass), and it didn't pay off ... at least by the Intro of the iPhone 8 ... as such, IMO, only the Extremely Young and Extremely Dumb will buy-into the iPhone 8 sales pitch (that Facial Recognition / Face ID is the greatest thing since indoor plumbing) ... most will balk at the iPhone 8's price AND certainly w/o Touch ID (under Glass).
If I was running Apple I way announce the iPhone 8 on September 12th, but also state that we're NOT going to market UNTIL Touch ID (under Glass) is functional & secure to our satisfaction.
NO ONE should be surprised if Apple is trading under $100/share within 3 months after September 12th, if Apple chooses the wrong course of action.
I have never used Touch ID and know plenty that don’t either.
Have said it before, will say it again ... the iPhone 8 "without" Touch ID is a looming catastrophe ! ... Tim Cook very-likely knows this ... it's the single biggest R&D gamble Apple has made in a long, long time ... Apple made a Tech Gamble on Touch ID (under Glass), and it didn't pay off ... at least by the Intro of the iPhone 8 ... as such, IMO, only the Extremely Young and Extremely Dumb will buy-into the iPhone 8 sales pitch (that Facial Recognition / Face ID is the greatest thing since indoor plumbing) ... most will balk at the iPhone 8's price AND certainly w/o Touch ID (under Glass).
If I was running Apple I way announce the iPhone 8 on September 12th, but also state that we're NOT going to market UNTIL Touch ID (under Glass) is functional & secure to our satisfaction.
NO ONE should be surprised if Apple is trading under $100/share within 3 months after September 12th, if Apple chooses the wrong course of action.
That can't be typical, right?
I mean... there have been four generations of iPhones released with Apple's fingerprint sensor so far. That's easily a few hundred million iPhones out in the world right now that are TouchID capable.
I'm not doubting what you see... but that can't be the norm, can it? I'm talking big picture here. I never assumed people wouldn't use it. Not many anyway.
My 2 cents... I do use TouchID and I can't remember the last time I saw someone type in a passcode.![]()
Yes. Every time one of these articles gets posted, idiots think Apple is doomed. What they don't understand is that executives at all companies can only sell stock at certain times and must disclose it in advance. They can't simply dump their stock right before a product release because they think things look bad. They have to file their intentions to sell months in advance in most cases.
Tim has sold stock before, just as Zuckerberg and every other CEO at most long established companies have done. Cook still has over $100 million in Apple stock. If he believed they were doomed, why wouldn't he sell it all instead of holding on to the majority?
That can't be typical, right?
I mean... there have been four generations of iPhones released with Apple's fingerprint sensor so far. That's easily a few hundred million iPhones out in the world right now that are TouchID capable.
I'm not doubting what you see... but that can't be the norm, can it? I'm talking big picture here. I never assumed people wouldn't use it. Not many anyway.
My 2 cents... I do use TouchID and I can't remember the last time I saw someone type in a passcode.![]()
He decided to sell stock months / years in advance, so there is no way he can be accused of manupliting stock price in his favour, which would be against the law anyway.
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I only know one person who doesn't: their phone was dirt cheap second hand because the sensor is broken.
Aren’t there tax reasons he sells stock at certain times?
Yes. Every time one of these articles gets posted, idiots think Apple is doomed. What they don't understand is that executives at all companies can only sell stock at certain times and must disclose it in advance. They can't simply dump their stock right before a product release because they think things look bad. They have to file their intentions to sell months in advance in most cases.
Tim has sold stock before, just as Zuckerberg and every other CEO at most long established companies have done. Cook still has over $100 million in Apple stock. If he believed they were doomed, why wouldn't he sell it all instead of holding on to the majority?
It's more securities transparency reasons. As a head executive he has to first be granted them and be vested to sell them, then it has to be in a window x days before and after "blackout" periods when Apple quarterly results are reported, then it has to be publically announced x days in advance to other key stockholders such a large number are going on the market from an executive.
So really he only gets a few weeks each quarter to cash them in and that's his paycheck for the year.
doesnt he do this like every year before the iphone reveal? idk what is so surprising about this.
Exactly....instead of the clickbait headline they used...it should be something like:Macrumors posts the same article, readers make the same incorrect assumptions. Rinse, wash, repeat. Click bait people, nothing more.
Then I look at my life and think man I've got food in my belly, a home, a family, and enough time to blow on a tech forum while browsing on my iPhone 6S. I'm very blessed and should always be thankful for what I have!!
Why he sell so much ??? must be reason ???![]()
Why would there be tax reasons? The reason for selling shares is either to spread out investments, or to spend the money.i'm no tax expert, what is the specific tax reason for selling? because tim made less money this year or something?
To clarify: The plans and their details have to be announced to the SEC, and they have to be followed. I don't think the SEC would be allowed to tell the public about the plans though.They can sell shares whenever they want and sales don't have to be publicly announced in advance.
As I indicated in the previous post, such sales are often made pursuant to a plan established ahead of time. The details of those plans don't have to be disclosed though.
If I was running Apple I way announce the iPhone 8 on September 12th, but also state that we're NOT going to market UNTIL Touch ID (under Glass) is functional & secure to our satisfaction.
NO ONE should be surprised if Apple is trading under $100/share within 3 months after September 12th, if Apple chooses the wrong course of action.
im probably asking more in general when CEOs sell their own shares.Why would there be tax reasons? The reason for selling shares is either to spread out investments, or to spend the money.
To clarify: The plans and their details have to be announced to the SEC, and they have to be followed. I don't think the SEC would be allowed to tell the public about the plans though.
im probably asking more in general when CEOs sell their own shares.
steve ballmer sold huge chunks of MSFT in one sitting and i remember one article said that it was to "diversify his investments and plan for taxes". im wondering about the "plan for taxes" part
even elon said that he'll never sell his TSLA shares except for tax purposes
That can't be typical, right?
I mean... there have been four generations of iPhones released with Apple's fingerprint sensor so far. That's easily a few hundred million iPhones out in the world right now that are TouchID capable.
I'm not doubting what you see... but that can't be the norm, can it? I'm talking big picture here. I never assumed people wouldn't use it. Not many anyway.
My 2 cents... I do use TouchID and I can't remember the last time I saw someone type in a passcode.![]()