Key Points
A US securities filing indicated that Apple's CEO, Tim Cook, generated $41.5 million taxes from his most significant share sale in the past two years, as per a Reuters report...
Following this sale, he now holds approximately 3.3 million Apple shares, which are currently valued at approximately $565 million, reports Reuters...
Apple's stock has plunged 13% from its all-time high of $198.23 in July, primarily due to concerns among investors regarding a slower-than-anticipated recovery in smartphone demand.. downgraded the stock from 'overweight' to 'sector-weight' out of concerns that sales growth in the United States, is likely to reduce in the fourth quarter..
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