Apple CEO takes big pay cut!

Cook's total compensation includes $3 million in base salary, $47 million in stock awards, $10.7 million in performance bonuses and $2.5 million in other compensation, including 401(k) contributions, term life insurance premiums, vacation cash expenses, security costs and personal air travel expenses. In comparison, Cook's stock incentive value is $83 million in 2022 and $82.3 million in 2021. .

Cook currently owns a total of 3,280,053 Apple shares and an additional 1,291,086 unvested RSU shares.

Other senior executives include Luca Maestri
, Kate Adams, Deirdre O'Brien
and Jeff Williams ), each earning about $27 million, much of it in the form of stock awards.

It is worth mentioning that in early trading on U.S. stocks on January 11, Microsoft's market value once surpassed Apple's and became the world's most valuable company. Later, Microsoft's gains narrowed and Apple regained its title of the world's largest market value. As of press time, Microsoft's market value is US$2.86 trillion and Apple's market value is US$2.89 trillion.

According to a report from a U.S. investment bank, Apple iPhone sales in China will plummet by 30% year-on-year in 2023. Sales of other mobile phone brands in China have increased, further increasing competitive pressure on the iPhone.