Full-Time
Designs and sells hardware and software
No salary listed
San Diego, CA, USA
In Person
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Apple designs, manufactures, and sells hardware and software across iPhone, iPad, Mac, Apple Watch, and Apple TV, plus services like the App Store, Apple Music, iCloud, and Apple Pay. The products work together through an integrated ecosystem where devices run Apple’s own operating systems and sync data via iCloud, delivering a seamless user experience. It differentiates itself by controlling both hardware and software end-to-end, maintaining a unified design, and expanding services and spatial computing. Its goal is to provide a cohesive, high-quality experience across devices while growing services revenue and expanding its ecosystem.
Company Size
10,001+
Company Stage
IPO
Headquarters
Cupertino, California
Founded
1976
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Health Insurance
Dental Insurance
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
Performance Bonus
Relocation Assistance
Employee Stock Purchase Plan
Apple reported $109 billion in third-quarter revenue, up 16% year-on-year, yet its stock fell 6% as investors identified underlying weaknesses. The company's gross margin benefited from a one-time tariff refund worth $0.11 per share that will not recur. Services revenue reached $30.7 billion but missed the $31.2 billion analyst consensus, disappointing in Apple's highest-margin segment. iPhone revenue climbed to $54.3 billion from $44.6 billion. Supply chain pressures are mounting. Chinese memory maker CXMT rejected Apple's request for price cuts as competitors Huawei and Xiaomi gain rare leverage during a global DRAM shortage. Research and development spending jumped to $11.7 billion from $8.9 billion, with no visible returns yet on Apple Intelligence initiatives. The company returned $62 billion to shareholders through buybacks in nine months and authorised an additional $100 billion programme.
Apple's iPhone production success in Chennai is advancing Prime Minister Narendra Modi's goal of making India an electronics manufacturing hub. The city hosts Apple's first major iPhone factory in the country. Washington's efforts to distance its tech sector from Chinese software and components are strengthening India's position as a less costly and more reliable alternative to China. Bloomberg noted the Chennai facility provides "physical proof" India can achieve this ambition. Microsoft opened its largest Indian data centre in Hyderabad on Thursday, attracted by over 1 billion internet users and strong tech talent, Reuters reported. India is also pursuing semiconductor manufacturing capabilities.
Apple spent $82.2 billion buying back its own stock over the past twelve months, but the rising share price means each dollar retires less stock than before. The company's share count fell 1.7% in the past year, down from an average 2.3% annually over three years, as buybacks become less effective with Apple's $4.5 trillion market valuation. The buyback remains fully funded by strong cash flow. Apple generates approximately $146.7 billion in operating cash flow annually from its installed base of over 2.5 billion devices and 1.5 billion paid subscriptions, covering 1.4 times its total shareholder payouts. However, memory pricing pressures are affecting margins. Gross margin is expected to decline from 48% to a guided 47% midpoint, which management attributes primarily to what it described as hundred-year flood conditions in memory pricing.
Apple reached a $5 trillion market cap before reporting fiscal third quarter results. Revenue grew 16% year-over-year to $109.4 billion, whilst earnings per share rose 29% to $2.02. iPhone revenue hit a June quarter record of $54.3 billion, up 22%. Shares fell 10% after the report as September quarter guidance of 9% to 11% growth missed Wall Street's 12% forecast. Apple is paying Google approximately $1 billion annually to run Gemini behind its rebuilt Siri, rather than building infrastructure itself. This contrasts with rivals Alphabet, Amazon, Microsoft, and Meta, which plan over $700 billion in combined 2026 AI capital spending. Apple generated roughly $34 billion in operating cash flow in the June quarter. The company launched its Upgrade leasing programme with Klarna, offering iPhones from $17.99 monthly. Tim Cook hands over the CEO role to John Ternus on 1 September.
Apple's India sales surpassed $10 billion for the first time in its last fiscal year, marking a significant milestone in the country. The achievement reflects growing demand for Apple's premium products in the Indian market. The company has been expanding its retail presence in India to capitalise on increasing consumer interest. Apple's success in India demonstrates the effectiveness of its strategy to strengthen its footprint in one of the world's largest and fastest-growing smartphone markets. The milestone comes as Apple continues to invest in its retail infrastructure across the country, positioning itself to capture more market share among Indian consumers seeking high-end devices.