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The iPhone 16 isn’t selling as well as Apple may have hoped

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https://www.cnn.com/2024/09/30/tech/iphone-16-presales-apple-intelligence/index.html   The iPhone 16 isn’t selling as well as Apple may have hoped The iPhone 16 isn’t selling as well as Apple may have hoped Clare Duffy By Clare Duffy, CNN 5 minute read Updated 6:15 PM EDT, Mon September 30, 2024 The new Apple iPhone 16 models on display upon release on September 20, 2024 at the Apple Store at The Grove in Los Angeles, California. The new Apple iPhone 16 models on display upon release on September 20, 2024 at the Apple Store at The Grove in Los Angeles, California. Frederic J. Brown/AFP/Getty Images New York CNN — Apple had been counting on new artificial intelligence features to make the iPhone 16 a major hit. But pre–sale estimates point to a more muted early response than Apple had hoped. Apple needed the iPhone 16 to be a big seller after years of sluggish iPhone sales. Long gone are the years when loyal Apple fans would line up to trade in their device on a near-annual basis, a...
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Apple Inc.

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https://www.macrumors.com/2024/10/02/tim-cook-sells-50-million-in-apple-stock/ Apple CEO Tim Cook Sells Over $50 Million Worth of Stock Wednesday October 2, 2024 1:46 pm PDT  by  Juli Clover Apple CEO  Tim Cook  will soon be $50 million richer after  selling 223,986 shares  of Apple Stock, earning him a total of $50,276,076, according to an SEC filing. Cook was originally granted the stock as part of performance-based award based on Apple's shareholder return relative to other S&P 500 companies, and he often sells stock in October. Earlier this week, Cook was granted an additional 219,502 shares of Apple stock. 54,876 shares are set to vest in one-third increments in April of 2027, 2028, and 2029. 164,626 shares are performance-based and will vest on October 1, 2027. Depending on Apple's performance between fiscal 2025 and fiscal 2027, between 0 and 200 percent of the target number of shares can vest. The total bonus will depend on Apple's total shareho...
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