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Apple's 2012 Annual Report: More Employees, More Office Space, More Sales
Apple today filed its 2012 annual report with the U.S. Securities and Exchange Commission, and the document reveals a few interesting tidbits of information:
- Apple now has 72,800 "full-time equivalent" employees, up from 60,400 last year. The company also went from employing 2,900 "full-time equivalent" temporary employees and contractors to 3,300. 42,400 "full-time equivalent" employees are in the retail division, up from 36,000 last year.
- Apple went from 357 stores at the end of fiscal 2011 to 390 stores at the end of fiscal 2012, up 33 from the year prior. Apple earned an average of $51.5 million per store, up from $43.3 million last year. The average number of "full-time equivalent" employees per store grew from 100.8 to 108.7. Apple expects to open 30-35 new stores in 2013, with 75% of those located outside the US.
The Company’s headquarters are located in Cupertino, California. As of September 29, 2012, the Company owned or leased approximately 17.3 million square feet of building space, primarily in the U.S., and to a lesser extent, in Europe, Japan, Canada, and the Asia-Pacific regions. Of that amount approximately 10.9 million square feet was leased building space, which includes approximately 4.1 million square feet related to retail store space. Of the Company’s owned building space, approximately 2.6 million square feet that is located in Cupertino, California will be demolished to build a second corporate campus. Additionally, the Company owns a total of 1,077 acres of land in various locations.- As this document is designed mainly for prospective and current investors in the company, Apple also lists a number of risk factors that could affect investments in the company. These include "[Apple] could be found to have infringed on intellectual property rights", the ability to "successfully manage frequent product introductions and transitions", "the Company’s ability to obtain components in sufficient quantities", and numerous more.
As of September 29, 2012, the Company owned a manufacturing facility in Cork, Ireland that also housed a customer support call center and facilities in Elk Grove, California that included warehousing and distribution operations and a customer support call center. The Company also owned land in Austin, Texas where it will build office space and a customer support call center. In addition, the Company owned facilities for research and development and corporate functions in Cupertino, California, including land for the future development of the Company’s second corporate campus. The Company also owned data centers in Newark, California; Maiden, North Carolina; and Prineville, Oregon. Outside the U.S., the Company owned additional facilities for various purposes.
- Unlike last year, when Apple said it had no plans to pay a dividend, the company now "expects to pay quarterly dividends in the future."
The document is thick with financial information, including breakdowns of all sorts related to how the company makes money, invests its money, and pays taxes, among other things.
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82 months ago
Apple now has 42,800 "full-time equivalent" employees, up from 60,400 last year.
Nice proof-reading.
82 months ago
$515,000 sales per full-time employee...not bad!
Too bad the sales folk don't get commission. They could be rich instead of being stuck in a job with almost no chance of promotion.
That's a lot of Jobs. The overseas manufacturing can be looked past considering how many people are putting food on the table because of Apple products.
That's not a lot of jobs, especially compared to other companies with similar revenue, who easily employ four to ten times as many. Compare Apple to the top 50 (http://www.statisticbrain.com/u-s-largest-employers/) largest employers in the US. Or the top 10 (http://247wallst.com/2011/04/24/americas-ten-largest-employers/2/).
But yes, it's better than a poke in the eye :)
82 months ago
Nice proof-reading.
The thread isn't even 5 minutes old yet and this is the first post. Lol you have to love this place. So strict :D
82 months ago
100 full time equivalent employees PER STORE!?!?
$515,000 sales per full-time employee...not bad!
82 months ago
check the ebay part departament. Massive unibody macbook's magsafe board, and motherboard problems. Most apple sales come from software and apps. The only pieces of hardware, that are somehow OK : iphone, mac pro and imac. Apple almost left portable laptop market, since products are so flawed.
In seperate news,BMW makes all it's money by servicing it's cars,it almost left the car manufacturing business since it's cars are so flawed :rolleyes:
82 months ago
Too bad the sales folk don't get commission. They could be rich instead of being stuck in a job with almost no chance of promotion.
I wouldn't want sales people up sell me every time I walk into a Apple store.
If they are un-happy at Apple they should look for abetter pay job else where. As you say, it's better than a poke in the eye :D
82 months ago
check the ebay part departament. Massive unibody macbook's magsafe board, and motherboard problems. Most apple sales come from software and apps. The only pieces of hardware, that are somehow OK : iphone, mac pro and imac. Apple almost left portable laptop market, since products are so flawed.
Yeah, I agree... the laptops are junk. I can only get about 5 years of daily use out of them before they have to be replaced. Sucks! :rolleyes:
82 months ago
108.7 employees per store is quite a lot, I admit, but no matter how much time I spend looking around, I can never locate that .7 of an employee :o
82 months ago
$515,000 sales per full-time employee...not bad!
Totally!
Half a mil per employee, with an average "full-time equivalent" store employee earning $22,360 a year!
Turns out the hardware ain't the only place they have huge margins...
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