Apple's 1997 buyout of NeXT brought Jobs back to the company he co-founded where he worked as the Chief Executive Officer, and was paid $1m (£600,000) per year. He concentrated on making the company profitable again and cancelled a few unprofitable projects, and was a guiding force behind the creation of the iPod, released in 2001; the iPhone, released in 2007; and the iPad, released in 2010.