On January 11th, Apple announced in a proxy notice that CEO Tim Cook's total compensation for 2023 has decreased from $99.4 million in 2022 to $63.2 million, mainly reflecting a decrease in the value of his stock incentives.
Cook's stock incentive value in 2023 was $47 million, $83 million in 2022, and $82.3 million in 2021.
It is worth mentioning that on January 11th, in the early morning trading of the US stock market, Microsoft's market value briefly surpassed Apple, becoming the world's highest company by market value. Subsequently, Microsoft's gains narrowed, and Apple regained its title as the world's largest by market value. As of publication, Microsoft's market value is $2.86 trillion and Apple's market value is $2.89 trillion.
According to a report from a US investment bank, Apple's iPhone sales in China in 2023 plummeted by 30% year-on-year. The sales of other Chinese brands of mobile phones have increased, causing further competitive pressure on iPhones.