It looks like Apple CEO, Tim Cook is ready to have a merrier Christmas than ever before this year. New reports suggest that the Apple Inc. head has picked up 560,000 shares of the company, with half of them linked to the company's ongoing performance. As Apple outperformed more than two-thirds of businesses on the S&P Index, the Apple CEO got entitled to the shares as a bonus for Christmas.
In case you are wondering about the exact monetary value of these shares, at $159.27 share closing price, Tim Cook just received a mind-boggling $89.2 million as a Christmas bonus. Reports further indicate that this is not the CEO’s first such payout. Tim Cook has received top-tier payouts as per his position three times before this.
Apple’s better than ever business performance can largely be accredited to the company’s recently launched tenth-anniversary flagship – the iPhone X. The smartphone by Apple outdid all the expectations in terms of sales across the globe and its ever-growing demand is still proving to be a mammoth task for Apple to cater to.
Watch: Apple iPhone X Review | Should You Pay Rs 1,02,000 For It?
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