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Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure (deadline.com)

submitted 6 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Al Gore To Leave Apple Board After 21-Year Run; Company Reveals CEO Tim Cook’s Pay Dropped 36% In 2023 After Shareholder Pressure::Former Vice President Al Gore will exit Apple's board of directors, the company said in an SEC filing that also revealed a pay drop for CEO Tim Cook.

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[–] camelbeard@lemmy.world 27 points 6 months ago (1 children)

About 50% of Apple revenue comes from iPhones. So if an iphone sells less then expected it's a big impact on the company and stock price. The iPhone 15 was OK, but not innovative or interesting enough for people to ditch the previous one and get a new phone.

Also investors really look at future growth, so when the main product they sell shows signs that the end of growth has been reached they are not happy.

In reality the only thing that has unlimited growth is cancer, I just like to add this...

[–] pennomi@lemmy.world 6 points 6 months ago (1 children)

On the contrary, it has one of the biggest possible changes: USB-C.

I suspect that causes some hesitancy among less tech-savvy users, or users with a lot of peripherals.

[–] narc0tic_bird@lemm.ee 5 points 6 months ago

I suspect most people simply don't care. "USB-C everything" exists in a tech bubble, outside of this bubble many don't even know what port their phone uses. Most of the time when I was asked for a charging cable and asked which one they needed, they either said "iPhone", "Samsung" or whatever or just showed me the port.