Apple’s New Hardware Chief Johny Srouji Awarded Nearly $10 Million in Stock

Apple’s newly promoted Senior Vice President of Hardware Technologies Johny Srouji was awarded 90,270 restricted stock units on October 5, 2015, according to a recent filing with the U.S. Securities and Exchange Commission. The RSUs awarded vest 12.5% in semi-annual installments over a four year period ending October 2019.

Srouji now has a total of 217,305 RSUs and 101,881 common stock units, which together amount to just over $34 million at AAPL’s current trading price of around $107 per share. The latest batch of 90,270 RSUs are currently valued at approximately $9.6 million.

Apple often rewards high-level executives with RSUs based on their performance. In August, for example, Apple CEO Tim Cook and Senior Vice President of Internet Software and Services Eddy Cue received 560,000 and 350,000 RSUs respectively worth over $97 million combined. Apple retail chief Angela Ahrendts also received 113,334 RSUs as a signing bonus upon joining Apple in May 2014.

Srouji was promoted to Senior Vice President of Hardware Technologies on December 17, as part of a larger executive team makeover that saw Jeff Williams promoted to COO and marketing chief Phil Schiller take over App Store leadership across all Apple platforms. Tor Myhren, chief creative officer at ad agency Grey, will also join Apple in early 2016 as Vice President of Marketing Communications.

Srouji joined Apple in 2008 to lead development of the A4 chip for iPhone 4, and he now oversees silicon and hardware technologies, including batteries, application processors, storage controllers, sensors silicon, display silicon and other chipsets across Apple’s entire product line. Prior to Apple, he held senior positions at Intel and IBM in the areas of processor development and design.

Tags: AAPL, Johny Srouji, SEC, RSUs
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Surprise! iPad mini 4 destroys iPad Pro in display shootout

Apple slapped the Pro tag on the gigantic new iPad Pro, which should mean it packs the best display ever, but it turns out that the company’s smallest tablet display is actually the most impressive. DisplayMate Technologies put the iPad Pro, iPad mini 4, and iPad Air 2 through their extensive lab testing measurements. All […]

(via Cult of Mac – Tech and culture through an Apple lens)


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Apple Objects to GT Advanced’s Financing Plan Following Mesa Fire

Apple is objecting to GT Advanced Technologies’ financing plan over concerns that it would undermine its existing settlement reached with the bankrupt sapphire crystal supplier last year, reports Re/code. GT Advanced reached a settlement with Apple in October 2014 after failing to produce sapphire crystal of the quality desired by the Cupertino-based company for potential use in future products.

GT Advanced is attempting to restructure by raising $95 million through a loan agreement under the supervision of the U.S. Bankruptcy Court for New Hampshire, but the financing plan is contingent on the company receiving enough insurance money to repair any damage to sapphire furnaces following a fire at its former Mesa, Arizona facility a few months ago.

GT Advanced’s inspection equipment damaged in Mesa facility fire last May
Apple argues that GT Advanced already determined damage at the facility to be minimal, adding that the terms of the loan agreement give lenders too much leverage to foreclose on the sapphire furnaces that GT Advanced is supposed to sell in order to repay Apple. A group of GT Advanced shareholders have also reportedly questioned why the company needs to raise money nine months into bankruptcy.

GT Advanced filed for bankruptcy last October after it became clear the company was spending over one million dollars per day to run its operations, despite being unable to produce sapphire acceptably by Apple’s standards. The company began winding down its sapphire production and decommissioning the furnaces to prepare them for storage and resale through the end of last year.



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iPhone 6s could be Apple’s biggest ‘incremental’ upgrade of all time

The iPhone 6s and 6s Plus may just be the biggest incremental “s” upgrades Apple has ever done, according to a new report. As per the well-connected KGI Securities analyst Ming-Chi Kuo, the iPhone 6s will feature twice the RAM of…Read more ›



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Apple Watch in Short Supply Due to Taptic Engine Bottlenecks

The Apple Watch has been available in extremely limited quantities since pre-orders for the device launched on April 10, and a new report from The Wall Street Journal sheds some light on why supplies have been low. A key component of the Apple Watch, the Taptic Engine, was made by two separate suppliers, and the devices created by one of Apple’s suppliers was „found to be defective.“

After mass production began in February, reliability testing revealed that some taptic engines supplied by AAC Technologies Holdings Inc., of Shenzhen, China, started to break down over time, the people familiar with the matter said. One of those people said Apple scrapped some completed watches as a result.

Apple was unable to use the Taptic Engines from the supplier in Shenzhen, China, but a those produced by a second supplier in Japan did not have the same issue. The majority of Taptic Engine production is now being done in Japan, but with a single supplier making the component, it takes time for production to ramp up.

To resolve some of the supply constraints on the Apple Watch, Apple is said to be planning to add Foxconn as a second assembler of the Apple Watch, alongside Quanta Computer. Foxconn may begin manufacturing the Apple Watch in late 2015 at the earliest, so according to The Wall Street Journal, it may take several months for Apple Watch supplies to improve significantly.




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Apple Watch Display Quality Judged ‘Excellent’, Calibrated to Match iPhone 6

DisplayMate Technologies has extensively tested the Apple Watch’s flexible OLED display and shared the results today based on several categories, including screen reflection, brightness and contrast with ambient light, color gamut with ambient light, and viewing angle variations. Overall, the company found the Apple Watch to have an „excellent smart watch display“ with accurate colors and picture quality.

In a side-by-side comparison with the iPhone 6 display, the display calibration company found that Apple has taken measures to ensure that the Apple Watch display has the same colors, color calibration and color accuracy as the larger smartphone screen. The stainless steel and gold Apple Watches with sapphire crystal displays, however, have much higher reflectance in ambient light and mandatory automatic brightness control to preserve battery life.

„Since the Apple Watch is often used right next to the iPhone 6, Apple has gone to considerable lengths to give them the same colors, color calibration, and color accuracy. The two most significant differences (other than size) are the much higher Reflectance of the Apple Watch with a sapphire crystal (8.2 percent compared to 4.6 percent), and the aggressive Brightness control using a mandatory Automatic Brightness Ambient Light Sensor in order to increase the running time on battery for the tiny watch.“

The full-length report offers a comprehensive look at the Apple Watch’s ion-strengthened and sapphire crystal displays, and reiterates that enhanced sapphire, which lowers the screen reflectance of sapphire to be much lower than glass, will soon be available for use in smartphones, smartwatches and other mobile devices. Additionally, DisplayMate’s previous tests of the Samsung Gear 2 and Sony SmartWatch 2 displays provide good comparisons to the Apple Watch.




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