Apple CEO Tim Cook recently said on a conference call that the sales points of his company's popular iPhones have been doubled in China; with the result that Apple's revenue in the world's biggest handset market has witnessed a noteworthy 67 percent increase.

According to the information shared on the website of China's Ministry of Industry and Information Technology, the organization's chief Miao Wei met with Apple CEO Tim Cook - who is on his second trip to the company after taking over the proceedings at Apple - on Friday to discuss the country's IT industry, global mobile communications, as well as Apple's operations.

Within three days of its China launch of the new iPhone 5, Apple has revealed that its sales of the handset in the country has already touched over 2 million units; thereby making the iPhone 5 launch the best-selling iPhone release ever in China.

Apple Chief Executive Tim Cook has exempted himself from a new compensation program under which he could collect $75 million in dividends, a filing with the Securities & Exchange Commission (SEC) has revealed.

Under the compensation program, Mr. Cook would have been entitled to a quarterly dividend of $2.65 on each of the 1.125 million restricted shares he has.