Apple's Tim Cook got big pay bump in 2018: filing

Tim Cook earned more than $15 million in compensation in 2018.                  James Martin  CNET

Apple CEO Tim Cook suggested that the company's upcoming health-related work will be its "greatest contribution to mankind" in a January 9 interview with CNBC's Jim Cramer.

Apple CEO Tim Cook said that health could be an area where Apple makes a big play in an interview with CNBC.

Cook came to the defense of his company a week after Apple warned investors that its fiscal first-quarter (fourth calendar quarter) revenue would be weaker than previously expected. Specifically, Mr. Cook wants to democratize the ways people access their health information, citing the company's work to integrate medical records into the iPhone as an example. "On services, you will see us announce new services this year", he told Cramer.

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He noted that a trade agreement between the United States and China "clearly will be good not only for us" but "more about the world in general". But they're things that we feel really great about, that we've been working on for multiple years.

Apple's shares, recently up about 2% to near $154-though still down in 2019-have gained as the company has sought to demonstrate that it has charted a path toward growth by focusing on selling more services and worrying less about iPhone sales.

Apple may be best known for the iPhone, but it's spending over $1 billion per month on research and development to develop new products that could enable its customer base (and revenue) to grow once more.

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"But I do think, looking back, in the future, you will answer that question, Apple's most-important contribution to mankind has been in health". Counting the total revenue brought in since the products were launched, the Watch and AirPods have generated 4-6 times as much as the iPod. He views Qualcomm's actions regarding patents and licensing as illegal.

Apple on Wednesday said it stood by Cook's comments. Recode's Kara Swisher declared in a CNBC interview that "The innovation cycle has slowed down at Apple". The company also thinking of investing it energies to the health care sector.

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