Tim Cook netted a cool $265 million from Apple in 2020

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Tim Cook earnings apple
Tim Cook is in 8th place on Bloomberg‘s list of highest paid CEOs and executives.
Illustration: Ste Smith/Cult of Mac

Apple CEO Tim Cook is one of the best paid U.S. executives according to a new report. He pulled in a whopping $265 million in 2020 from his salary, bonus, and stock awards.

But that’s chump change compared to what Elon Musk made.

Tim Cook joins the billionaires’ club

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Tim Cook earnings apple
Tim Cook’s net worth has gone up, up, up!
Illustration: Ste Smith/Cult of Mac

The CEO of Apple reportedly passed a huge milestone: He’s now a billionaire. Tim Cook’s net worth has risen significantly, partially as a result of Apple stock more than doubling in value in the past 12 months.

But Cook is not likely to stay a billionaire. And not for the reason you might think.

Why Apple’s share price should rise another 50%

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Apple share price is on a roll
Apple shares went up 100% over the past years, and there are good reasons why it won‘t slow down.
Photo: Ed Hardy/Cult of Mac

If you bought Apple shares on Jan. 9, 2019 then you’ve doubled your money since then. And while Apple certainly had a good year, it’s not done yet.

Analysts are predicting big increases in the share price because of the company’s changing mix of products — it’s not just an iPhone maker any more.

Apple pours billions more into controversial stock buybacks

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France fines Apple $27 million for intention iPhone 'throttling' controversy
Apple spent more on its own shares in Q1 than any company ever before in a single quarter.
Photo illustration: Ste Smith/Cult of Mac

Apple’s stock buybacks in Q1 totaled more than any other S&P 500 company by a wide margin. The iPhone maker poured $23.8 billion into purchasing its own shares, more than it has ever done before. And that’s saying a lot, as Apple been spending billions on buybacks for many years.

Now is the time to buy Apple stock

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What’s it like to have your startup bought by Apple? Stressful
Buying Apple shares now could earn you quite a bit of money this year, according to Morgan Stanley.
Photo illustration: Ste Smith/Cult of Mac

If you’ve been thinking about investing in Apple stock, an analyst from Morgan Stanley says this is to time to do so. The price is already low, and not likely to go any lower.

There’s been bad news for Apple recently but that’s already priced into the stock.

Apple’s Tim Cook has no time for short-term investors

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Tim Cook is going to BoxWorks.
CEO Tim Cook says short-term investors aren't needed at Apple.
Photo: Apple

Apple stock price has dropped steadily throughout June. That likely bothers short-term investors, but not Tim Cook. Apple’s CEO thinks long-term, and says planning no farther than the next quarterly earnings report is a recipe for disaster.

“If you’re making a decision based on the short term investors, you’re going to be guaranteed to be making terrible decisions,” Cook said yesterday.

Apple will give shareholders $100 billion thanks to Trump

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France fines Apple $27 million for intention iPhone 'throttling' controversy
Apple is stilling on huge stacks of cash, some of which will go owners of Apple shares.
Photo Illustration: Ste Smith/Cult of Mac

Apple stockpiled $252.3 billion overseas, but it’s bringing that money back to America. A market analysts predicts the company will spend $100 billion of it on its stock buyback and dividend program. This will directly benefit those with Apple shares.

The company decided to bring the money home from foreign banks after the new GOP tax law gave companies a limited time for cash repatriations at lower rates, possibly just 8 percent.

Tim Cook: Pro users remain incredibly important to Apple

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Apple HQ
This is the last shareholders meeting at Apple's old campus.
Photo: Ryan B/Flickr

Apple hosted its annual shareholders meeting today at the company’s headquarters in Cupertino where a number of new proposals were presented by investors before Tim Cook took questions from the audience.

During his Q&A session, Tim Cook discussed how Apple plans to fight for net neutrality. He also assured shareholders that Apple plans to come out with new products that appeal to professionals and creatives, but insisted that the Mac and iPad aren’t destined for a merger.

Apple stock hits all-time high

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apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

It’s a great time to be an Apple shareholder.

Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.