Apple CEO Tim Cook Received a 22 Percent Pay Raise in 2018

Grant Boone
January 11, 2019

There are two potential services that Cook could have been talking about during the interview.

Cook gave the interview at a time when Apple is facing intense scrutiny following its recent warning that iPhone sales during the holiday quarter were lower than previously expected, the first time in almost 17 years the company has made such an announcement.

"My honest opinion is that there is a culture of innovation in Apple and that culture of innovation combined with these incredible, loyal customers, happy customers, this ecosystem, this virtuous ecosystem, is something that is probably underappreciated", Mr Cook said. Qualcomm's Chief Executive Steve Mollenkopf in November made comments about the supplier's efforts to resolve the dispute.

Qualcomm claimed victory over Apple in two patent court cases in China and Germany late past year.

"We continue to believe the services business, poised to exceed US$50bn in FY20, will be the ultimate driver for the next phase of the Apple growth story set to take hold over the coming years with 190 million to 200 million iPhones shipping in both FY19 and FY20 based on our new estimates", Wedbush said.

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Cook told Cramer that the new services are those that Apple has been "working on for multiple years". That is the truth.

Cook's comments contrasted with those Mollenkopf made in November on CNBC. (.) I'm not gonna forecast precisely, the ramps and so forth. "We always talk about - and I've been very consistent that this second half of [2018] and into [2019] is when we're really on the doorstep of finding a resolution".

Apple CEO Tim Cook talked with Jim Cramer about the key issues facing his firm. "Their accusations are a red herring", Apple said in a statement to Reuters.

Loup Ventures' Gene Munster, a former Wall Street analyst that covered Apple, said in a blog post there are six main takeaways from Cook's interview. Qualcomm has argued that its practices followed decades-long tech industry norms and that Apple has not compensated it fairly for its intellectual property. "This is, in our view, illegal", he said.

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