Apple gave its CEO a salary bump as sales and profit picked up this year.
Tim Cook received a total of $12.8 million in salary, incentive pay and other compensation, an increase of about 46 percent from last year when earnings fell, according to a Securities and Exchange Commission filing on Wednesday. Adding in $89.2 million worth of shares that vested, Cook technically brought home a whopping $102 million in 2017.
The news comes as Apple raked in nearly 60 percent of all profitsgenerated in the global smartphone market in the third quarter, according to Counterpoint Research, although sales were mainly boosted by an increased popularity of its older iPhone models. With that said, Apple does make $151 more than Samsung, the next top performer, for every unit sold. Apple could have made even more this quarter given it that coincides with the launch of Apple's anniversary phone, coupled with holiday sales. Analysts said six million iPhone Xs were sold over Black Friday weekend.
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