CNBC News Corrections

Apple CEO, Tim Cook waves as he opens the door of the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. (Photo by Kena Betancur / AFP) (Photo credit should read KENA BETANCUR/AFP via Getty Images)
Apple shareholders approve executive compensation; dividend increase coming

An earlier version of this story and its headline assumed that the shareholder vote on executive compensation included a performance-based stock grant given to Tim Cook at the beginning of Apple's 2021 fiscal year, in Sept. 2020, as outlined on page 41 of Apple's proxy statement under the section "Compensation Discussion and Analysis." However, Apple subsequently clarified that the shareholder vote covered only fiscal year 2020 compensation. It also misstated Apple's revenue for the last quarter, which was $111.4 billion.