As one of the world’s most valuable companies, Apple Inc. (AAPL) continues to be a top choice for investors in 2024. Known for its cutting-edge technology and innovative products, Apple has consistently delivered solid financial results, making it a key player in the stock market. If you’re considering adding Apple stock to your portfolio, here are the key things you need to know.
Apple’s Financial Strength
Apple’s financial performance has been nothing short of impressive. The company consistently generates substantial revenue from its flagship products, such as the iPhone, Mac, iPad, and various services like Apple Music and iCloud. In 2024, Apple’s stock has remained resilient despite market fluctuations, buoyed by strong earnings reports and continued product innovation.
In October, Apple CEO Tim Cook was granted an additional 219,502 shares. Out of these, 54,876 shares are set to vest in one-third increments starting in April 2027, while the remaining 164,626 shares are tied to performance and are expected to vest on October 1, 2027. The actual vesting of these shares will greatly depend on how Apple performs financially between fiscal years 2025 and 2027, with outcomes ranging from no shares to double the target based on Apple’s relative return to shareholders. (Reference : GuruFocus)
Currently, Tim Cook holds more than three million shares of Apple, with an additional 1.3 million unvested RSUs (Restricted Stock Units), bringing the total value of his unsold stock to over $500 million. The majority of his compensation comes from these stock grants, far exceeding his base salary and other benefits. His compensation package also includes a $3 million base salary, alongside $47 million in stock awards and $10.7 million in performance-based bonuses. Additionally, Cook receives other benefits, including life insurance, vacation payout, and travel allowances worth an extra $2.5 million. (Reference : GuruFocus)