| Cult of Mac

Apple stock sees 10th consecutive increase for first time in over a decade

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Apple stock sees 10th consecutive rise
AAPL keeps on climbing.
Image: Apple/Google

Apple’s share price was up 0.5% at the end of trading on Monday, marking a 10th consecutive increase for the first time in more than a decade.

That’s despite reports that indicate Apple has been forced to slash iPhone SE 3 orders due to weaker-than-expected demand. But one analyst says investors are more interested in the performance of iPhone 14 later this year.

Some employees get $200,000 bonuses as Apple again tries to retain them

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If you work in this building, you may have just gotten a little richer.
If you work in this building, you may have just gotten a little richer.
Photo: Apple

Apple is at it again, trying to retain top employees in a competitive marketplace by giving them big money. This time the Cupertino tech giant has handed out a round of special stock bonuses to a group of hardware and software engineers. The amounts range from $100,000 to $200,000.

Apple wins race to $3 trillion market cap

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Apple earnings blow past analysts’ estimates yet again
After growing steadily for years, Apple’s market capitalization passed the $3 trillion point.
Photo: Cult of Mac

Apple just became the first publicly traded U.S. company to be valued at a whopping $3 trillion. AAPL stock topped out at $182.88 a share Monday before dropping slightly, bringing the market cap back below the $3 trillion milestone.

It closed at $182.01, leaving Apple’s market cap at an astonishing $2.99 trillion. But it continued to climb once again in after-hours trading.

Apple tries to retain top employees with $180,000 stock bonuses

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International governments plan to rethink tax rules for the ‘digital age’
Some top Apple engineers got a Christmas present they can take to the bank.
Photo: Pixabay/Pexels CC

Competition for highly skilled engineers and programmers is fierce in Silicon Valley, and Apple’s answer is big bonuses for employees it really wants to hold on to. It reportedly rewarded some workers with up to $180,000 in company stock.

These were apparently unscheduled and not part of usual compensation packages.

Apple passes Microsoft to again become world’s most valuable company

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Apple passes Microsoft to again become world’s most valuable company
Apple is back on top, with a valuation higher than Microsoft. And Google, too.
Photo: Cult of Mac

A sharp rise in Apple’s share price allowed the Mac-maker to regain the title of publicly traded company with the highest market capitalization n the world. It beat out Microsoft, who’d held the top spot for less than a month.

An unconfirmed report of Apple’s aggressive plans to make self-driving cars helped drive a 6% increase over the past week.

Today in Apple history: Apple stock smashes through $700 barrier

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bull Wall Street
Like a bull in an ... Apple store?
Photo: Sam Valadi/Flickr CC

September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than Apple at the start of the year. The stock rose 65% in just nine months.

Today in Apple history: Steve Jobs gets embroiled in stock-backdating scandal

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Steve Jobs-inspired art
Steve Jobs' stock demands changed some people's view of the tech innovator.
Photo: Jason Mercier

August 29: Today in Apple history: Steve Jobs gets embroiled in Apple stock-backdating scandal August 29, 2001: During a meeting, Apple’s board of directors awards Steve Jobs new stock options that will become part of a stock-backdating scandal several years later.

When the matter eventually ends up in court, Apple’s former general counsel pays $2.2 million to settle charges that she backdated stock options for Jobs, herself and others — and created fake paperwork to hide this fact.

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.

Apple’s big plans for next-gen AirPods, plus our $100,000 AAPL investment update! [The CultCast]

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The CultCast 464: Big changes are coming to your beloved AirPods. Find out what in our free Apple podcast.
Big changes are coming to your beloved AirPods.
Photo: Cult of Mac/The CultCast

This week on The CultCast: Next-gen AirPods might bring massive changes — we’ll tell you what we know!Plus: The original HomePod remains absolutely outstanding, but the new Intercom feature needs work. And we’ve got another update on Erfon’s $100,000 AAPL stock investment!

The CultCast is now available in video! Or subscribe to our audio episodes if you don’t like our faces.

Before you buy your Apple Watch Series 6, catch our one-week reviews on The CultCast

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CultCast 433
Spoiler alert: We're loving Apple Watch Series 6!
Photo: @YSR50

This week on The CultCast: Don’t miss our one-week reviews of Apple Watch Series 6! We’ll tell you if it’s worth upgrading. Plus: Multiple sources are now confirming a second Apple hardware event coming October 13, where a new “iPhone 12 mini” may be announced — we’ll tell you what we know. And stick around for more Apple stock talk! Erfon reveals what his big investment is worth now, following this month’s depressing AAPL stock plummet, and we’re talking real numbers.

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