Speaking of being in the right place at the right time. I'm not saying that he's totally worthless, but I'm pretty sure many other people would've been able to achieve the same level of success or even more had they known Jobs and been around him at the right time.
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Tim Cook Poised to Receive Around $120 Million in Apple Stock as Tenure and Performance Award
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So in other words, Apple, a hardware company, is incentivised to keep pumping out quality products which consumers are willing to shell out a premium for?
Sounds good to me.
I agree. Anyone jobs handed the company to with a pipeline already set in future would be difficult to lose.
So he will definitely start some vehicle business 
Just not in the same league as Musk or Bezos. At least for the near future.
Just not in the same league as Musk or Bezos. At least for the near future.
How much did you give?
How are you aware of non public things Tim has done for charity?
AAPL Oct 2011: $43
AAPL today: $215
Apple revenue Q2 FY2011: $24.6B
Apple revenue Q2 FY2018: $61.1B
We’re not talking about driving the company well. We’re talking about continuous,constant, massive growth for 7 years.
There's nothing wrong with being about money. that's the whole point of operating a for profit corporation.
But there are certain ways of doing it, that will irk people. When you prioritize profit above all else, in order to just make profit for profit sake, some customers will get frustrated if they start to see the product quality, or price no longer offering the same value it once did.
this is a precarious perch to be on. Risk alienating too much of your customer good will by focusing on profit first, and you risk hurting the very way you make money. The customer. Not make enough profit and you risk alienating the investors and those who control who runs the company. By having the executives directly compensated by stock, It puts a burden on the executive to pump up the stock price for their own net worth. Pumping up the stock price on it's own can be done at the cost of the customer.
To use the cliche example: Dell, when it went public overwent a similar problem where suddenly pumping up the stock price became #1 priority, by pumping up profit margins and numbers. This was done by cutting costs. Dell didn't have the brand loyalty that Apple has, and eventually the customers suffered and started leaving. Eventually Michael Dell bought back control of his company and changed the focus to ensure that product quality was first and foremost, and that profit was necesary but not the #1 motivator. It turned Dell around.
The question lies, is has this been happening or starting to happen at Apple? paying attention to rumblings over the last few years, there is a noticable dip in product quality. Growth has slowed dramatically in most sectors. iPhone sales, while fantastic, and have seen increased revenues due to higher ASP have not seen growth in volume. IN fact, they have been relatively flat, with 2018 iPhone sales overall being slightly less than 2017 sales. Mac sales are the lowest in volume since 2010. iPad sales have been overall declinging (with few exceptions over the last few years). There have been numerous lawsuits regarding faulty products. Scandals involving throttling. Failing keyboards. throttling devices, etc.
Yet Profit margins, and ASP have gone up. Stock holders are currently happy because that means more money in their pockets.
Am I saying this is going to happen? that Apple, is the next Dell? BBRY? or many other companies that have fallen to the same pratfalls of profiteering for profiteering sake? No. But study and pay attention to business and it's a pattern that has oft repeated itself.
How will Tim Cook and the executives avoid erosion of it's good will (Which is the accounting term for the value placed on future growth, which is the bulk of their 1trillion dollar valuation as their assets an OE aren't near 1T?).
again, i'm not applying any personal bias into this. I think this whole thing is fascinating from a business studies perspective. From an investment perspective, Tim Cook has been absolutely a homerun hitter. But, from a products standpoint, there are numerous questions that are hanging in the air, that could cause a reversal if they are left unadressed. Is it potentially worth it for Apple to drop those margins a few percentage points, make slightly less overall profit, But deliver better value? or, do they truly believe their audience and customer base is going to stick around long term? Because right now, growth of volume has already started to cease.
To those who author macrumors.com articles, when crafting articles on Tim Cook, PLEASE list the MAJOR accomplishments made by Tim as CEO.
Except for Gaming the System, I know of NONE !
Except for Gaming the System, I know of NONE !
Which Apple fans though? The ones who post on MacRumors? Or the millions of others who love Apple and their products?
Nobody "deserves" 120 million dollars.
You bring very interesting points to the table.
I think that no one can argue the financial aspect: Apple is doing more than fine.
The question you ask is very difficult to answer. The problem is that Apple is very different than anyone else, and it has “spoiled” us for many years. Obviously apart the financial aspect which is embedded in any company by definition, the soul of Apple is design&quality. I do agree with you that we’re seeing a reduced differentiation factor if we compare Apple’s product with its competitors. Microsoft is doing a wonderful job at reshaping itself, and Samsung’s phones might not be good for us but they’re certainly not clunky or horrible.
I believe that the problem lies in technology itself. Apple made technology cool. Timed with the advent of the internet, Apple’s product were the de facto standard of usability, design, and quality. Windows PC’s were clunky while iMacs were all colored and cool, just to say an example. Technology, and its prices, changed so fast that now Windows Surface laptops are not ugly, and also not expensive. They might not be as elegant as what Apple has to offer, but still they are not bad. The fact is that you can grow your design&quality up to a certain point, and the more competitors grow in that field, the worse your product is going to look because the differential factor is reduced.
People buy Apple, as the numbers show. Some of it is branding and customer’s loyalty, but those numbers also show a very high level of satisfaction. While some people will never switch brand, I am pretty sure that the vast majority is ready to switch to Microsoft/Samsung in a second if Apple messes up. I, for one, am very happy with my original 12” iPad Pro, and I am very happy with my iPhone X. Right now, I would not switch. Give me a sucky product, and I’ll switch to surface in a second because now Microsoft’s offer is much better (compared to Apple) than what it was 10 years ago in the Ballmer era.
Now, this is not to dismiss your point. Apple will have to find a differentiator factor sooner or later. It could be a new service, a new ecosystem, a new product, and so on. And yes, they have to deliver better OS’s. However, each time I use Windows (which has vastly improve) or a Samsung phone, I am reminded why I use Apple.
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Chill, it was a snarky comment to reference the MR article about his $5 million donation the other day. I’m certain Tim of all people definitely donates more.
These are the same people who made Nokia #1, Motorola #1.
Different generations, "same" people.
When the iPhone stops being "The Thing" - and it will , even if it is still a great product - then Apple will be living in interesting times
Apple offers way too many different products and services to be compared with Nokia.
Totally, totally, totally wrong.
Cook is a genius and BETTER than Jobs in many ways, particularly Apple's world class supply chain management.
- He's taken iPhone to the next level (3X more iPhones sold than in best Jobs year)
- He's led a drive toward services.
- He's led the best selling Watch in the world.
- He's pushed Apple to the best mobile silicon with the A series chips.
- He's more than tripled iPhone sales.
- He's more than doubled total revenue.
- He's doubled profit.
- He's quadrupled the market cap.
- And the stock has gone from $50 to $215.
Jobs was a genius and one of his best decisions was PICKING another genius, Tim Cook, as the CEO of Apple. Remember, Jobs thought the world of Tim and made him CEO.
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I don't understand people saying that donating to charity will offset the tax liability. It does but not totally. If you donate certain amount, 100% of that amount is gone but you don't get it back 100% when filing income tax.
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Maybe he feels that he has more than enough wealth.
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Sarcasm? What made you think he is not paying his taxes.
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Maybe he made a lot of AAPL investors millionaires?
