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☆ CHARTS: We analyzed revenue per employee to show why Amazon, Meta, and others are axing workers with brutality and speed
▼ + stars: | 2023-03-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

One productivity metric to watch is revenue per employee, which has fallen at some big firms. Tech companies swelled in the years up to and during the pandemic, but more manpower didn't necessarily mean more money. The chart shows Amazon, Meta, and Twitter in particular hired heavily from 2018, but also experienced declining revenue per employee. Size isn't everythingAnd how have tech companies fared against each other? The chart above shows Amazon and Salesforce are producing roughly the same revenue per employee as Twitter despite having tens of thousands more workers: each employee at Amazon generated $333,550 in revenue last year, while Salesforce employees generated $394,911.

☆ Tech CEOs increasingly admire Elon Musk's harsh leadership style, but they should actually take cues from Apple's Tim Cook
▼ + stars: | 2023-03-27 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Experts attribute Apple's stability and durability to CEO Tim Cook's steady leadership style. Experts say that Cook, not Twitter's Elon Musk, is the model that more execs should look to. The lessons CEOs can learn from Cook, the experts say, are that quiet prudence and practicality are always in fashion. By contrast, Cook's approach at Apple is often described as "pragmatic" and "risk averse," as Insider previously reported. Some workers see it as a precursor to the company firing employees who don't meet the requirement, Bloomberg reported.

☆ Apple is reportedly delaying some bonuses and freezing hiring for more jobs
▼ + stars: | 2023-03-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Apple is delaying bonuses for some corporate employees and freezing hiring for more jobs, Bloomberg reports. Apple is also keeping a closer eye on travel spending and office attendance, per Bloomberg. In addition, Apple is freezing hiring for more positions and letting additional roles remain open when employees leave. The company is also more closely monitoring its travel spending and office attendance, per Bloomberg. Last year, Apple started requiring that employees return to the office at least three days a week.

☆ Apple reportedly delaying some employee bonuses as the company cuts costs
▼ + stars: | 2023-03-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple is delaying bonuses for some of its employees, according to a new report in Bloomberg. Apple is also more closely watching travel budgets and leaving some unfilled positions open, according to the report. We're cutting hiring. And so a number of areas in the company are not hiring at all," Cook told CNBC in February. Last month, Apple announced December quarter earnings which were about 5% lower than they were in 2021, its first year-over-year revenue decline since 2019.

☆ iPhone users will soon be able to send iMessages through their PCs
▼ + stars: | 2023-02-28 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

Phone Link for iOS will let iPhone users send and receive iMessages on their Windows devices. Despite not being able to share photos on Phone Link, iCloud Photos is already integrated into the Windows 11 Photos app. Messages sent from Phone Link appear as iMessages on iPhones, Yusuf Mehdi, Microsoft's head of consumer marketing, told The Verge. "It's something we've been wanting to do for a long time," Mehdi told The Verge about bringing iOS users to Phone Link. However, Apple hasn't budged towards switching to RCS, and CEO Tim Cook has previously said he doesn't hear many Apple users request a change to texting between iPhones and Androids.

☆ Chinese tech giant Xiaomi debuts prototype augmented reality glasses joining Microsoft and Google
▼ + stars: | 2023-02-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Xiaomi took the wraps off its Xiaomi AR Glass Discovery Edition at Mobile World Congress 2023. The concept glasses work on augmented reality technology. BARCELONA, Spain — Xiaomi on Monday took the wraps off a pair of prototype augmented reality glasses as the Chinese technology giant looks to sell more products beyond smartphones. Augmented reality refers to digital media that can be superimposed over the real world that a person sees in front of them. Apple hasn't officially acknowledged or launched any kind of virtual or augmented reality headset.

☆ Tim Cook's mysterious silence on ChatGPT is making Apple look out of touch
▼ + stars: | 2023-02-16 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Apple CEO Tim Cook needs to balance AI development with its ongoing supply chain issues. Apple CEO Tim Cook himself has said that AI "will affect every product and service we have." Delivering an interesting AI product is not the only problem Apple needs to address. Apple faced supply chain issues in 2021, delaying the delivery of the iPhone 14 Pro after protests around Covid-19 shutdowns temporarily closed its Chinese manufacturing hubs. The company has talked about diversifying its supply chain process, which could take decades.

☆ Apple reports earnings after the bell Thursday
▼ + stars: | 2023-02-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Apple reports fiscal first-quarter earnings after the bell. Revenue : $121.19 billion: $121.19 billion Earnings per share : $1.94 per share: $1.94 per share iPhone revenue : $68.29 billion: $68.29 billion iPad revenue : $7.76 billion: $7.76 billion Mac revenue : $9.63 billion: $9.63 billion Other products revenue : $15.23 billion: $15.23 billion Services revenue: $20.67 billionThe primary focus for investors will be the company's December quarter revenue. However, Apple management usually gives a few data points that give analysts a sense of how the quarter is going. Analysts expect Apple to report $98 billion in sales in the March quarter, or slight year-over-year growth. Several data points in the December quarter, including Apple's own App Store payouts, suggest a slowdown in App Store growth.

☆ It's official: Apple is still the only tech giant to have avoided recent major layoffs or cost cuts
▼ + stars: | 2023-02-02 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +4 min

Apple took a beating in the holiday quarter, posting its first yearly sales drop since 2019. Every tech company is suffering right now, with almost every one doing layoffs and cost cuts. But Apple hasn't, and CEO Tim Cook says it still plans to invest "in innovation, in people." On Apple's quarterly earnings call on Thursday afternoon, CEO Tim Cook acknowledged the hurdles facing the company. Just because Tim Cook didn't announce layoffs today doesn't mean it'll automatically be able to avoid that fate forever.

☆ Meta and Apple are no longer among the best places to work, according to a new Glassdoor ranking
▼ + stars: | 2023-01-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +4 min

Meta and Apple fell off Glassdoor's list of best places to work for the first time in over a decade. Other tech companies like Google, LinkedIn, and Microsoft made the top 20 of this year's list. While Meta and Apple fell off the list, tech companies still dominated the US rankings, accounting for 40% of the organizations on the list. Top tech companies like Microsoft, LinkedIn, and Google made the top 20. There are some tech companies that entered the list," Zhao said.

☆ Elon Musk may be luring Apple into a fight with Republicans
▼ + stars: | 2022-11-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Vance, both Republicans, made remarks about Apple's situation that show how Musk could put Apple in a tough spot. It's just one of a vast number of apps on the App Store, and it isn't a huge moneymaker for Apple through in-app purchases. He also accused Apple of threatening to pull the Twitter app from the App Store . Over the past week, Twitter owner Elon Musk has been poking Apple , the big bear of Silicon Valley, which controls app distribution to every iPhone. But Apple would be much more likely to pull the Twitter app if it tries to cut Apple out of its platform fees.

☆ Everybody thinks Apple's Tim Cook's boring (but he's kicking everybody's ass)
▼ + stars: | 2022-11-03 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Apple's market cap is worth more than Amazon, Meta, and Alphabet combined. Other tech companies have faced more pushback for seemingly investing too much in headcounts and moonshot projects. Apple isn't immune to criticism, but CEO Tim Cook largely avoids controversy, which may insulate the company. Meta CEO Mark Zuckerberg has even publicly accused the company of undercutting other businesses to grow its own. But Apple's stock is down only 23%.

☆ Apple set to report earnings after the bell
▼ + stars: | 2022-10-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Performer Jon Batiste, left, and Tim Cook, chief executive officer of Apple Inc., center, at the Apple Fifth Avenue store in New York, US, on Friday, Sept. 16, 2022. Apple reports fiscal fourth-quarter earnings after the bell on Thursday. Apple also has the challenge of a strong dollar when sales from other countries make up the majority of the firm's business. Apple's services include revenue from the App Store, subscriptions such as Apple Music, search licensing fees from companies such as Google, hardware warranties and other businesses. "Most investors are aligned that services revenue growth should accelerate" during the December quarter again, wrote Morgan Stanley's Erik Woodring in a note this week.

Even after Apple sells the last Lightning iPhone, many users will still own Lightning iPhones for several years to come. It's unclear whether Apple will keep selling Lightning cables and accessories after it discontinues sales of the last Lightning iPhone. USB-C iPhones would help unify your Apple devicesBy converting all its remaining Lightning devices to USB-C, you would conceivably only need one single USB-C charging cable and charging brick to charge all your Apple devices. You wouldn't need to buy new USB-C cables and chargers for a USB-C iPhone if you already have them. If it doesn't, you could use a USB-C cable that came with another device — that's the beauty of the universal USB-C charging standard.

☆ Apple reports earnings Thursday and all eyes are on iPhone 14 sales
▼ + stars: | 2022-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple will report its fourth-quarter earnings for the quarter ended in September after the bell on Thursday. The most important new information will be any details the tech giant offers on how the iPhone 14 series is selling. Apple could also see a boost from better-than-expected sales of iPads and Macs, which have been slowed by parts shortages in recent quarters. However, "most investors are aligned that services revenue growth should accelerate" during the December quarter again, according to Morgan Stanley's Erik Woodring. However, Apple sales appear to have remained strong, according to an analysis of iPhone wait times and third-party estimates of the premium smartphone market.

☆ Apple's top designer is leaving the company three years after taking over from Jony Ive
▼ + stars: | 2022-10-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple's vice president of industrial design, Evans Hankey, is leaving the company, Apple confirmed to CNBC on Friday. Hankey took over for former Apple design chief Jony Ive three years ago when he left to start his own independent firm. Still, she was often quoted in the media after new products were launched, discussing specific design decisions and the way Apple's design team works. "Apple's design team brings together expert creatives from around the world and across many disciplines to imagine products that are undeniably Apple. The senior design team has strong leaders with decades of experience.

☆ Apple CEO Tim Cook doesn't like the metaverse—he predicts a different technology will shape the future
▼ + stars: | 2022-10-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Unsurprisingly, Apple hasn't yet publicly touted any plans for the metaverse , a term typically used to describe virtual reality (VR) platforms where people can interact, work, shop and play games using immersive technology like a virtual reality headset. "I always think it's important that people understand what something is," the Apple CEO told Dutch publication Bright on Friday. Instead, he's pushed his company's plans around augmented reality (AR), where virtual elements and images are superimposed onto the real world. "I think AR is a profound technology that will affect everything," Cook said. "Zoom out to the future and look back, you'll wonder how you led your life without augmented reality," Cook said.

☆ 'Significantly lower than expected' iPhone 14 Plus preorders suggest Apple's strategy of ditching the 'mini' for a larger version of the new phone is a failure, says renowned Apple analyst
▼ + stars: | 2022-09-14 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +2 min

Ming-Chi Kuo said the iPhone 14 and 14 Plus will be in stock when they launch, showing low demand. The larger iPhone 14 Plus takes the spot of the previous, smaller iPhone 13 mini in Apple's lineup. They became available for preorder on September 9, and the iPhone 14, iPhone 14 Pro, and iPhone 14 Pro Max launch on September 16. Looking at availability and shipping estimates, he said the iPhone 14 Pro Max and Pro are showing "good" and "neutral" results, respectively. However, preorders for the two standard models — the iPhone 14 and 14 Plus — are "bad," according to Kuo.

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