Apple CEO Tim Cook received less pay in 2016 as a result of the company missing revenue and profit goals.
In a new filing with the SEC, Apple revealed that other top executives also got less compensation for 2016 as well. Cook only took home $8.7 million last year after being paid $10.2 million in in 2015.
2016 sent Apple for a wild ride full of fantastic new products, crazy controversies and tons of extra drama with its rivals.
Tim Cook and his colleagues probably can’t wait to jump into 2017. But before we start looking toward Apple’s future, let’s take a quick look back at all the stories that made 2016 a year Apple fans will never forget.
Apple has launched its legal challenge against the European Union’s demand of $14 billion in allegedly unpaid back taxes.
In a statement, Apple general counsel Bruce Sewell said Cupertino has been targeted because of its success, implying that European legislators picked on the company for largely symbolic reasons.
Apple’s legal team has issued a scathing response to Spotify following its “public attacks” earlier this week.
The music streaming service accused Apple of “causing grave harm to Spotify and its customers” after its App Store review team rejected a recent Spotify update for iOS.
Apple is allegedly stopping Spotify from competing with Apple Music by blocking the streaming service’s latest iOS app update from the App Store.
Spotify sent Apple’s general counsel Bruce Sewell a letter this week claiming that Cupertino is inflicting great harm on its streaming music competitor (and Spotify’s customers) by not allowing Spotify to use its own billing system for subscriptions.
Chinese authorities have demanded Apple give the country complete access to its source code within the last two years, but Apple says it has refused to comply with the government’s demands.
Apple’s top lawyer, Bruce Sewell, defended the company’s position before U.S. lawmakers at a congressional hearing today, after the iPhone-maker was accused by law enforcement officials of refusing to help the U.S. government while at the same time freely giving information to China for business reasons.
The Department of Justice has removed all legal action against Apple after the FBI successfully hacked the San Bernardino terrorist’s iPhone without assistance from Cupertino.
Apple and the FBI have been fighting a very public legal battle over whether the government can force the iPhone-maker to create a backdoor into iOS. Apple CEO Tim Cook publicly defied a federal court order to deliberately weaken iOS security for millions of users, but it appears that the feds are backing down — at least for now.
Apple general counsel Bruce Sewell said the FBI threw “all decorum to the winds” in its latest federal court filing, but in the company’s official response today it has vowed it does not “intend to response in kind.”
The iPhone-maker says in its latest filing that the FBI’s claim that it exhausted all viable investigative alternatives is false because it improperly reset the iCloud password before consulting Apple. The company also admits that it didn’t take a public stance on privacy and encryption until the release of iOS 8.
The guy that warned George Bush about an imminent al-Qaida attack before 9/11 is taking Apple’s side in the company’s fight against the FBI over whether it can be compelled to break into the San Bernardino terrorist’s iPhone.
Richard Clarke, who served as the senior counterterrorism official in the US for nine years, sat down for an interview this morning regarding encryption and the FBI’s efforts to hack the iPhone. Despite FBI Director James Comey’s insistence that the FBI has tried everything, Clarke says all it would take to hack the device is a call to Fort Meade.
The U.S. Department of Justice has filed a new motion in court today regarding its battle against Apple to compel the iPhone-maker to unlock the iPhone 5c that belonged to San Bernardino shooter Syed Rizwan Farook.
In the new filing the feds argue that Apple has “deliberately raised technological barriers” on iOS to make it harder for the government and other attackers to hack Apple devices. They also claim that demanding Apple to unlock one iPhone won’t result in a security vulnerability for all users.
