Home > Brands > Apple > Tim Cook Sells Off $54m In Apple Stock

Tim Cook Sells Off $54m In Apple Stock

Apple CEO Tim Cook has sold off $54 million worth of Apple stock just weeks ahead of the launch of the next iPhone.

According to a filing with the US Securities and Exchange Commission, Cook sold off 268,623 restricted stock units for over US$43 million.

Bloomberg reported that this reflected the sale of all the net shares Cook was recently given for his performance, factoring in stock that was forfeited to pay for taxes.

The company has reportedly scheduled an event for September 12, where it is expected to unveil a new flagship iPhone and refreshes to the iPhone 7 and 7 Plus.

Apple’s shares have risen 41% so far in 2017.


You may also like
New iPhone XS Max To Get Cheaper OLED Screen
iPhone & iPad Owners To Get Major 24Bit BluOS Audio & Netflix Streaming Update
Belkin Debut Made For iPhone Lightning Power Bank
Fitness Device Market Booming In OZ Apple, FitBit, Samsung Big Winners
Qualcomm Unveil Rival Huawei 5G Chipset