Apple failed to meet its annual sales goals in 2016, and CEO Tim Cook paid the price.
Cook earned $8.75 million in 2016, according to a Securities and Exchange Commission filing from Apple on Friday. That compares with $10.28 million in 2015, and $9.22 million in 2014.
The Cupertino, California-based company had aimed to surpass its $223.6 billion in sales from 2015. Instead it fell short in 2016, raking in $215.6 billion.
It's being compared to the arrival of electricity.
That's a big call but Qualcomm has its eyes on a 5G future. And it's not just thinking about speed.
At a CES that has given us intelligent robots, autonomous drones and wallpaper TVs, the next generation of wireless technology might not seem like that big of a deal. But Qualcomm says it will change society in ways we haven't seen since the introduction of electricity.
For anyone who thinks 5G is just an iteration after 3G and 4G, Qualcomm CEO Stephen Mollenkopf spent his keynote outlining why the next generation of mobile connectivity is about so much more than faster 4K Netflix streaming on your phone.