Tag Archives: iPhone

The flop of the latest iPhone cost Apple CEO Tim Cook $1.5 million in pay

The flop of the latest iPhone cost Apple CEO Tim Cook $1.5 million in pay

The iPhone is Apple’s keystone product, and it’s stumbling. Thanks in part to a tepid response to its latest iteration of the product, the mega tech company saw sales and profit fall in the 12 months ended Sept. 24, the first fiscal-year decline for Apple since 2001. CEO Tim Cook is personally feeling the blow.

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