- Shareholders of Apple also voted on the latest executive pay packages.
- Ahead of the annual shareholder meeting, Apple had reportedly advised against the audit of its China ties, as per Bloomberg, adding that it was unnecessary.
- The company also said that it would shift some assembly of its Mac Mini computers to Houston later in 2026 to meet domestic demand.
Shareholders of Apple Inc. have reportedly rejected a proposal that would require the company to report its dependence on China while simultaneously voting on the latest executive pay packages.
According to a report from Bloomberg, the iPhone maker said on Tuesday that its shareholders rejected a proposal that would require an audit of the company’s China operations, which would report on how much it relies on the Asian country to manufacture its products.
Shares of Apple (AAPL) were up 2.5% at the time of writing.
Meeting Details
Ahead of the annual shareholder meeting, Apple had asked its shareholders to consider proposals related to executive pay packages and ratify Ernst & Young LLP as its independent auditing firm. The company had reportedly advised against the audit of its China ties, as per Bloomberg, adding that it was unnecessary.
The company also said that it would shift some assembling of its Mac Mini computers to Houston later in 2026 to meet domestic demand, as per the report.
“We’re thrilled to begin making this product in the US and shipping to customers later this year,” CEO Tim Cook reportedly said.
In January, Apple revealed that Cook’s pay in 2025 had been about $74 million, including a salary of about $3 million. This was largely steady compared to the previous year.
Earnings Snapshot
Last month, Apple reported its first-quarter (Q1) 2026 results, beating street expectations for revenue and earnings, partly due to a rebound in sales in the China market.
The company posted revenue of $143.8 billion, 16% higher than the same period last year, and ahead of street expectations of $138.22 billion as per Fiscal.ai data. Earnings also beat market estimates. Apple said its sales in China grew about 38% to $25.5 billion in the quarter, up from $18.5 billion in the same period last year.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around AAPL shares was in the ‘bearish’ territory at the time of writing, amid ‘low’ message volumes.
AAPL stock has risen about 10% in the past year.
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