Apple

Apple CEO Tim Cook to experience a significant reduction in pay for this year, over 40% cut.

Apple CEO Tim Cook’s annual pay package will be significantly reduced by over 40% this year, following criticism from shareholders. The technology giant announced that Mr. Cook himself requested the cut. According to the company’s compensation committee, Cook will receive a total “target compensation” of $49 million for 2023. This move comes after a difficult …

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Apple: iPhone shipments delayed due to the Covid blockade in China

Apple has warned buyers to expect delays in receiving its products after a strict Covid lockdown forced the closure of the world’s biggest iPhone factory. The tech giant said its assembly plant in Zhengzhou, China is now operating with significantly reduced capacity. On November 2, officials closed the district where the Foxconn-operated factory was closed …

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Apple has announced it will expand live TV advertising around the MLS deal

Apple is building a live television ad network as part of its deal to stream Major League Soccer matches next year, according to experts. The company is in talks with MLS advertising partners and sponsors ahead of the February launch about airing advertisements during football matches and related shows, people said, asking not to be …

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