Finance

Tim Cook’s set for a $120 million payday this week

Tim Cook's about to collect a huge financial reward. On Friday, Aug. 24, the Apple CEO will receive additional shares in Apple worth around $120 million. The award is tied to Cook's continued service at the world's largest publicly traded company and Apple's relative performance on the stock market during his tenure as CEO, according to Bloomberg.

Apple to report June quarter earnings on August 1

According to an update on the Investor Relations website, Apple is scheduled to report its fiscal 2017 third quarter earnings on August 1. The Cupertino technology giant has scheduled a conference call with Wall Street analysts and investors to discuss the quarterly results for Tuesday, August 1, at 2pm Pacific Time / 5pm Easter Time.

A press release announcing the earnings typically goes out 30 minutes ahead of the earnings call. You'll be able to listen to the conference call live via Apple's website. Apple states that live audio streaming uses its HTTP Live Streaming (HLS) technology.

HLS requires an iPhone, iPad, or iPod touch with Safari on iOS 7.0 or later, a Mac with Safari 6.0.5 or later on OS X 10.8.5 or later or a PC with Microsoft Edge on Windows 10.

We'll be covering the earnings and any interesting tidbits from the conference call.