The head of Apple, the world’s most important technology company Tim Cook, He owns approximately 200 thousand Apple shares sold.
This specific one, divested by Tim Cook It was reported that 196,410 Apple shares were worth a total of $33.2 million. Not all of this money ended up in Cook’s bank account. After taxes, Cook received approximately It is reported that it earned 16.4 million dollars in revenue, The reason behind this sale is of course unknown. Before this “Tim Cook deliberately misled shareholdersIt was on the agenda that Apple agreed to pay 490 million dollars to close the lawsuit filed with the allegation. Apple CEO Tim Cook said in an earnings call on November 1, 2018 that Apple faces pressure in emerging markets such as Turkey, India, Brazil and Russia, where local currencies are weakening. China was not included in this list. In this regard, Cook “I wouldn’t specifically put China in this category because our business in China was very strong last quarter.” he said. Thereupon, in January 2019, Apple’s shares fell along with its revenues, and this decline Tim Cook cited the slowdown in China as the reason. Cook attributed the loss of revenue to lower-than-expected iPhone sales, especially in China, and that’s exactly what proved to be a serious problem. Investors during Cook’s earnings call in November 2018 He claimed he knew iPhone demand in China was falling but deliberately did not disclose it. For this reason, a lawsuit was filed against Cook by some investors, and Apple at the last stage decided not to prolong this process any further. A $490 millioncase settlement payment” he accepted..