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Tim Cook Sells Nearly 200,000 Apple Shares

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Apple's CEO Tim Cook this week sold 196,410 shares of the company's stock, which had a total value of approximately $33.2 million based on the average sale price of the transactions, according to a U.S. Securities and Exchange Commission filing. After taxes, Cook netted nearly $16.4 million from the sales.

Tim-Cook-MacBook-16x9.jpeg

Cook received all of the shares that he sold this week as a performance-based stock award. Like other senior executives at Apple, he has a predetermined trading plan to sell company stock in accordance with insider trading laws.

Cook still owns nearly 3.3 million shares of Apple's stock following the sales, according to the filing. He has served as Apple's CEO since 2011.

In 2015, Fortune reported that Cook planned to "give away all his wealth."

Thanks, Michael Burkhardt!

Article Link: Tim Cook Sells Nearly 200,000 Apple Shares
 
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https://www.macrumors.com/2024/04/05/tim-cook-sells-nearly-200k-aapl-shares/
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The other week I bought a single share of Apple stock. I did that after feeling disgusted… I found a calculator online where you put a product price and purchase date and it tells you how much it would be today in stock.

the powerbook g4 12" I bought in 2003, my first Mac, would be worth 1.3 million dollars today
 
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tonywalker23 said:
I found a calculator online where you put a product price and purchase date and it tells you how much it would be today in stock.

the powerbook g4 12" I bought in 2003, my first Mac, would be worth 1.3 million dollars today
Click to expand...
??? inflation rate from Jan03 to Mar24 is worth +169%.
Did you pay your laptop $1.3m / 1.69 = 769k USD? It should be very high spec-ed I presume.
 
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tonywalker23 said:
The other week I bought a single share of Apple stock. I did that after feeling disgusted… I found a calculator online where you put a product price and purchase date and it tells you how much it would be today in stock.

the powerbook g4 12" I bought in 2003, my first Mac, would be worth 1.3 million dollars today
Click to expand...
Okay as a fellow PB G4 purchaser from 2003, NOW I'm depressed :p
 
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tonywalker23 said:
The other week I bought a single share of Apple stock. I did that after feeling disgusted… I found a calculator online where you put a product price and purchase date and it tells you how much it would be today in stock.

the powerbook g4 12" I bought in 2003, my first Mac, would be worth 1.3 million dollars today
Click to expand...
Yeah, paradoxically it’s better to buy Apple shares than Apple products. ;)

I guess that’s how they got to the $3 trillion valuation. ;)
 
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based on the cost per share of his recent sale and the fact that he has 3.3M shares remaining, at the same cost per share he currently owns almost $600M in shares. Please correct me if I did my math wrong.
 
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