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|Apple penalized CEO Tim Cook for the iPhone maker's first sales slump in 15 years with a 15 percent pay cut.
Cook still did extremely well Harry Giles Jersey , with a compensation package valued at $8.7 million for Apple's fiscal year that ended Sept. 24, according to a regulatory filing made Friday. But the amount was down from nearly $10.3 million in the prior year.
The Cupertino, California, company cited a downturn in Apple's revenue and operating profit as the main reason it cut the pay of Cook and its other top executives.
Apple's revenue dropped 8 percent to $216 billion DeMarcus Cousins Jersey , while its operating profit declined 16 percent to $60 billion. That was mainly because it sold fewer iPhones for the first time since the device came out in 2007.
It also marked the first time that Apple's annual revenue decreased since 2001, which was just before the company's late co-founder and CEO Steve Jobs unveiled the iPod. That digital music player set the stage for the iPhone and iPad.
The iPhone triggered a revolution in mobile computing and became Apple's biggest moneymaker, even as a wide range of device makers released competing products primarily running on Google's free Android software. Most of the world's smartphones are powered by Android, but the iPhone remains a popular high-priced status symbol.
Even so De'Aaron Fox Jersey , consumers are holding on to their existing iPhones for longer periods instead of upgrading to a newer model every year or two. That has raised investor concerns that Apple has become too dependent on the iPhone, a nagging worry that has been aggravated by the company's inability to introduce another breakthrough product since Jobs' death in 2011.
Cook, Jobs' anointed successor, had hoped Apple would have another huge hit with a smartwatch unveiled in 2014 Chris Webber Jersey , but that device has only had moderate success.
Apple's regulatory filing revealed that the company was bracing for a sales drop last year, although not quite as steep as what occurred. The compensation committee for Apple's board of directors had established a revenue goal of $224 billion for last year, which would have been a 4 percent decline from the previous year.
The company expected sales to rebound during the holiday shopping season on hopes that consumers would be snapping up its latest iPhones, the 7 and 7 Plus. Apple will release its quarterly results that include the holidays later this month.
[Photo provided to chinadaily] The Guan Octagonal Vase of Southern Song [Photo provided to chinadaily] The Meiyintang 'Chicken Cup' [Photo provided to chinadaily] The Imperial Embroidered Silk Thangka of Yongle Period The sizable panel Buddy Hield Jersey , measuring 3.3 plus 2.1 meters, stands as a testimony to the Ming Dynasty’s exquisite embroidery techniques and textile art. The gold threads were woven with colored silk threads. It portrays the wrathful image of Raktayamari in the center, in brilliant red tones. It bears an imperial Yongle presence mark. It fetched HK$348 million ($45.14 million) at a Sotheby's sale in November. Liu said in a public speech later that it is his first thangka. "I’ve been purchasing art for 20 years, and none of them enthralls me (as much as the Yongle thangka). I felt that I was so small standing before it (at the sale’s preview)." [Photo provided to chinadaily]
Chinese self-made billionaire Liu Yiqian Bruno Caboclo Jersey , 52, has made headlines in the last few years, not for making big business deals but rather, for splashing out great sums of money at art auctions worldwide.
Liu’s latest spending spree is a Southern Song Dynasty (1127-1279) vase that cost him HK$113.9 million ($14.6 million) in Hong Kong. He defeated another seven bidders at Sotheby’s spring sale on April 7. He bought the vase in the name of the Shanghai Long Museum http://www.kingsbasketballprostore.com/ , which he co-founded with his wife Wang Wei.
The museum has two locations in Shanghai, and has displayed several of his collections which were auctioned off at record-breaking prices.
The Guan Octagonal Vase of Southern Song
The vase sets a rare example of the products from the Guan kiln (official ware) in Hangzhou, Zhejiang province. Guan is among the five prestigious kilns of the Song Dynasty whose porcelains have a reputation for excellence.
The bluish-green vase is distinguished with a web of veins of large-scale crackle. The great technical challenges meant that perfect pieces were rare, making the style one of the most widely admired and sought after Chinese porcelains.
Liu bought it for HK$113.9 million ($14.6 million) at Sotheby’s spring sale to add to the Long Museum’s collection.
The Meiyintang 'Chicken Cup'
The porcelain cup Cheap Sacramento Kings Jerseys , only 8.2 centimeters high, marks the pinnacle of the Chenghua style of porcelain-making, in the Ming Dynasty (1368-1644). It was fashioned with the doucai method, featuring a contrast of overglaze enamel with underglaze outlines. It boasts rich tones including yellow http://www.kingsbasketballprostore.com/kids-zach-randolph-kings-jersey/ , red, olive green and underglaze blue.
Less than 20 genuine Chenghua chicken cups are in existence and only four are kept in private hands. Liu paid $36 million for the cup at Sotheby’s Hong Kong sale last April, setting a record for Chinese porcelain at auction.
He triggered controversy by sipping tea from the cup in the photos of a hand-over ceremony. He later exhibited the cup at the Long Museum while limited edition replicas were sold out at the museum’s gift shop.
Ming Dynasty Buddhist Sutras
This collection of Buddhist Sutras is believed to be an authentic work of Ming navigator Zheng He and the only one in existence. It was dated to the 12th year of the Yongle reign, or 1414. The scriptures were written in gold on blue paper http://www.kingsbasketballprostore.com/kids-willie-cauley-stein-kings-jersey/ , taking 39 leaves to form an album.
It was a lot of Sotheby’s sale during this year’s Asia Week New York from March 13-21. Although it was signed "Zheng He", the auction hous.