KEY POINTS

  • Apple CEO Tim Cook raked in over $125 million in total compensation in 2019
  • Cook's bonus was lower last year due to the company not meeting certain financial targets
  • Apple will release its first quarter results on Feb. 4

Apple (APPL) CEO Tim Cook received over $125 million in total compensation in 2019 but made a smaller bonus due to the company not reaching its revenue goals for the year.

Cook received $113.5 million in Apple shares and received a bonus of $7.67 million, while earning a $3 million, according to an SEC filing on Friday. Additionally, he received over $800,000 in other compensation.

However, Cook's compensation fell short of what he earned in 2018 when received $138 million, which included $12 million from bonuses.

Apple saw profit and revenue declines in 2019 due to slipping iPhone sales, which dropped 9% in the fourth quarter of 2019 over the year prior. However, Apple had a relatively strong fourth quarter overall at $64.04 billion in total recorded sales.

Executive compensation consulting firm Equilar said that Cook’s earnings since he became CEO in 2011 has totaled $963.5 million.

Apple will release its first-quarter sales on Feb. 4, which will reflect how strong the company will have performed during the holiday season. Citi analyst Jim Suva told CNBC that investors should pay attention to strong Apple Watch and Airpods sales when the company reports its first-quarter earnings.

Suva said that the Airpod Pro was selling out during the holiday season due to “strong demand,” not “due to manufacturing issues.”

Shares of Apple are $297.43, with analysts curious to see if it will break $350 this year.