According to a recent SEC filing, Apple CEO Tim Cook sold 196,410 shares of Apple (AAPL) on April 2, 2024 at the share price of $169.33, resulting in a total sale of $33,253,045.30.
Following this transaction, Timothy Cook’s total sales over the past year amount to 436,979 shares, with no recorded purchases in the same period.
The insider transaction history for Apple Inc indicates a trend of insider sells, with 17 recorded over the past year and no insider buys in the same timeframe. On the valuation front, Apple Inc’s shares were trading at $169.33 on the day of the insider’s recent sell, giving the company a market capitalization of approximately $2,619,869.53 billion. The price-earnings ratio stands at 26.43, which is above both the industry median of 23.7 and the company’s historical median price-earnings ratio.
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MacDailyNews Note: Cook’s Form 4 SEC filing is here.
Apple Senior VPs Deirdre O’Brien, Jeff Williams, Katherine Adams, and Luca Maestri each also sold 113,309 shares apiece on April 3rd.
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Rats fleeing a sinking ship?
If only they would actually FLEE. Celebrate! Celebrate!…
Material insider selling and material talent heading elsewhere.
“Oh, it’s nothing, Marge…that Mr. Cook is good with the digits”
The fact that they sold at these relatively low prices tells me they were blindsided by the bad news pileup over the past month. Not a strong signal about the judgement of Apple’s leadership.
Enjoy the wealth. Its a feature of our capitalist system they we cannot protect enough.
Cook’s role in Apple has been to incrementally develop and maintain the innovations of Steve Jobs. That has worked out so far, but the idea was that he would be a maintenance guy and look after the what he was bequeathed while Apple found another Steve Jobs to reassert a persona of innovation and a disruptive culture as before. That has not happened, nor is such a person visible. The only replicant of Jobs is Musk, but he has his own amazing gigs. Only one or two come along in a lifetime.
Musk would be the end of Apple
The most successful and innovative business person in the world would do a terrible job at running a tech company.
You fucking idiot
The reality is that Steve Jobs was not the innovator at Apple. He never was. Most people either don’t know that or don’t want to admit that.
Steve Jobs’ greatest talent — maybe to a greater extent than anyone else in the past 70+ years — was to be able to tell what technology would be the future once someone showed it to him. This started with the original Apple I, continued on with the technologies that went into the Lisa and Mac, and carried on through a few months before his death. He could, more than anyone else, look at something brought to him and say, “Yes. That’s something that will be the future.”, or “No. That’s just junk.”
Yes, at times he was a decade or more ahead of time with things like the technologies in the NeXT computers. Sometimes he was just wrong (the hockey puck mouse on the early iMacs). But his batting average was way above anyone else.
The problem with Apple right now is not that it does not have people who can innovate — it does have those people. The problem is that Apple has absolutely no one who can differentiate between innovation that will be the future versus innovation that is just a waste of time, money, and effort.
It’s well known that Steve led…sometimes ruthlessly. Employees lived with expectations that often destroyed parts of their lives that weren’t Apple. Amazingly—despite the “destruction,”they would reflect back to those times as the best in their lives.
It seems Jobs had a concrete vision and it magnetically pulled others into his vortex…amidst v high stress. Try to encapsulate the vision of the wooden Bookeeper? He’s got a high level passion for the environment and socio-sexual matters…to the point, it’s logical to conclude his vision for the actual innovation for “tech” has to be diluted?
DEI and Woke foci used to cause a yawn, or groan, but w/ time and seeing concrete biz examples, it seems rational to conclude they, at least, bring costs in $$, focus, or both. Resurrect focus on the prime business.