Apple chief executive Tim Cook earned £6.1m last year

Tim Cook received a 40% pay rise in 2014

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Apple chief executive Tim Cook earned $9.2 million (£6.1 million) in 2014, including a $6.7 million bonus.

Cook, who took the helm at Apple in 2011, was given a pay rise of more than 40 per cent in February last year, meaning his base salary jumped from $1.4 million to $2 million, according to company documents.

It was the first raise Cook had received for three years -  after the iPhone maker's shares hit a record high.

Other executives saw their pay increase from $875,000 to $1 million, which Apple said was to "recognize the responsibilities assigned to each officer and to maintain internal equity among the executive team".

Apple also lifted the maximum bonus award for its executive team members to 400 per cent of their salary, the documents showed.

Apple's shares have been buoyed by the release of the larger-screened iPhone 6 and improved iPad tablets last year, as well as the unveiling of mobile payment service Apple Pay. The company sold almost 40 million iPhones last year.

Apple shares hit $119.75 in November, sending its market capitalization to more than $700 billion, a milestone that no other US company has reached, Bloomberg reported.

Apple will report its first quarter results next week.

The details of former Burberry boss Angela Ahrendts, who joined Apple in last May to lead its retail division pay package were also revealed in the filing.

She was assigned $37 million in Apple shares to compensate her for shares she was giving up in Burberry, while $33 million in shares was awarded as a so-called "golden handshake" or new hire bonus.