Apples Tim Cook got big pay bump in 2018

Apples Tim Cook got big pay bump in 2018

The company's CEO stressed that Apple plans to launch new services in addition to the existing ones, which will allow it to reduce its dependence on sales of gadgets.

At the end of past year it was reported that Apple may be planning to launch its long-awaited television service in the first half of 2019.

It claimed that for 2018 Apple achieved net sales of $265.6 billion and operating income of $70.9 billion, each representing a year-over-year increase of 16 percent, and exceeding the 2018 maximum annual cash incentive program goals for both of those performance measures. Cook predictably would't talk about anything specially, but he did say that Apple was going to be offering new services during the next year.

"In this last quarter, if you take everything outside of iPhone, it grew at 19 percent, 19 percent on a huge business", Cook said on "Mad Money". The world relies on a "strong USA and China for the world economy to be strong".

Apple needs to release new products to continue growing. We sort of look through all of that.

"The product pipeline has never been better", Cook said. "The services are on a tear", he said.

Apple has accused Qualcomm of engaging in illegal patent licensing practices to preserve a dominant market position in so-called modem chips, which help mobile phones connect to wireless data networks.

Cook's commentary of new services launch in 2019 is inline with expectations and could come from a relaunch of the digital magazine service Texture which Apple bought in 2018.

China-U.S. trade relations have been adversely affected after the Trump administration announced high tariffs on Chinese exports to the United States worth hundreds of billions of U.S. dollars in 2018. Munster said if the promotion were to end, Cook would have "avoided the topic" in the interview. Cook is happy to hear that, finally, Apple wants to make its customers first and foremost, happy sales.

Apple then hit back by telling Reuters that, "Qualcomm is desperate to obfuscate the tales it has been telling its investors". (NASDAQ: QCOM), which operates unlawfully by charging "exorbitant" prices.