Apple revs up R&D spending amid iCar rumors


Apple Car might be coming, but will it be special?
Apple Car might be coming, but will it be special?
Photo: Aristomenis Tsirbas/Freelancer

Apple may have reached peak iPhone this quarter after posting declining revenues for the first time since 2003, but rest assured the company is working on the next big thing. 

Tim Cook boasted about the amazingly innovative products coming down Apple’s pipeline, and the company’s latest spending figures show its throwing more money than ever at new ideas. 

Investors think Apple isn’t greening quickly enough


Apple Campus 2 will be one of the 'greenest' buildings in Silicon Valley.
Apple Campus 2 will be one of the "greenest" buildings in Silicon Valley.
Photo: Apple

Apple is known as one of the most environmentally conscious companies in the world, but some shareholders think the company needs to to a lot more if it hopes to meet the aggressive goals set by the Paris Agreement last year.

Boston-based investment firm Jantz Management has filed a resolution for Apple shareholders that would request that the Board of Directors reveal on plan to shareholders by June 2016 on how Apple plans to reach net-zero greenhouse gas emission status for its facilities and major suppliers by 2030.

Tim Cook only made $10.3 million last year


Tim Cook was ranked the nation's top CEO by ExecRank.
Don't worry, he's still rich.
Photo: Jim Merithew/Cult of Mac

Apple CEO Tim Cook made approximately $10.3 million in 2015 — $10,281,327 to be exact. That is up only a tad from the $9.2 million he earned in 2014. The other executives at Apple all made around $25 million each for the year. Sure, it’s rough to place the word “only” in front of a ten million dollar check, but in Cook’s case, he is making significantly less than the other execs.

$1.7 billion of Apple’s revenue last quarter came from Apple Watch


Apple Watch is a killer device, even without a
The Apple Watch isn't a bad little earner for Cupertino.
Photo: Jim Merithew/Cult of Mac

When it comes to revealing Apple Watch sales figures, Apple has kept its lips more tightly sealed than a swimmer in a sewage tank.

One of the ways it’s done this is hiding the Apple Watch numbers under the “other products” category in its SEC filings — alongside the iPod, Apple TV, Beats Electronics, and assorted accessories.

That doesn’t mean we can’t gauge something from looking at Apple’s new U.S. Securities and Exchange Commission documents, though. And despite keeping hush-hush about it, it seems the Apple Watch isn’t doing too badly for Apple at all.