Tim Cook received a $12m bonus for 2018

Apple has a big new product coming this year - but it might not be what you expect

Tim Cook makes 300 times more than average Apple employee – company’s filing

All these excludes the $121 million that Apple's CEO vested this year from stock while he still has over about $189 million (1.5 million Apple shares) worth of stock that hasn't vested.

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.

Screen Shot 2019 01 08
Tim Cook Says ‘Bologna on That’ in Regards to Reports of the iPhone XR Being a ‘Flop’

Cook seems to be most enthusiastic about Apple's health-related efforts, which have gotten far more serious with last year's launch of ECG and irregular heart rhythm notifications features for the Apple Watch. "I've heard it in 2001, I've heard it in 2005, in '7, in '8, in '10, in '12 and '13".

Cook went on to say that he's not "defensive on it", and that people can say what they want.

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"My honest opinion is that there is a culture of innovation in Apple and that culture of innovation combined with these incredible, loyal customers, happy customers, this ecosystem, this virtuous ecosystem, is something that is probably underappreciated", Mr Cook said.

Apple stock has lost 14 percent of its value over the last 12 months. CNBC shared some of the major points earlier today, but one of the more interesting parts that came out of the full interview was Cook's stance on how the iPhone XR - the company's other iPhone it launched late previous year alongside the iPhone XS and XS Max - is faring out there in the market. The government hasn't called for an official boycott, but strained relations with the United States could cause Chinese citizens to spurn the iPhone. The product pipeline has never been better. "The services are on a tear", he said.

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Cramer's full interview with Cook airs on CNBC tonight at 6 p.m.

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