Full-Time
Designs and sells hardware and software
No salary listed
London, UK
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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 has appointed Nate Gatten as its new head of government affairs. Gatten joins from American Airlines Group, where he was a longtime executive. The role is considered sensitive, requiring navigation of complex governmental relationships. Gatten brings Republican political connections to the position at Apple.
Apple shares have fallen 10% to $305 since its July earnings report, despite beating revenue expectations with $109.4 billion in quarterly sales and 22% iPhone revenue growth. The decline followed management warnings about memory pricing pressures and concerns over a one-time tariff refund that contributed $0.11 to its $2.02 earnings per share. Wedbush analyst Dan Ives maintains a $400 price target, representing 31% upside from current levels. His bullish stance centres on Apple's 2.5 billion active device base entering an AI-driven upgrade cycle, catalysed by the new Siri AI unveiled at WWDC26. The stock has underperformed both the S&P 500 and Nasdaq 100 since earnings. Wall Street's consensus target sits at $322.82, implying modest 5.9% upside.
Apple reported its ninth consecutive earnings beat in Q3 2026, with revenue up 16% to $109 billion and iPhone sales rising to $54.25 billion. This contradicts Jefferies' recent downgrade to Underperform with a $264 price target, which cited rising memory costs and a reportedly cancelled all-glass iPhone redesign. Bloomberg has since confirmed the all-glass iPhone Pro remains on track for 2027, undermining a key element of Jefferies' thesis. Supply chain analyst Ming-Chi Kuo suggested memory supply concerns are overstated, noting Apple plans processor production months ahead. Apple's gross margin stands at 46.91%, with operating margin at 31.97%. Wall Street consensus rates the stock a Moderate Buy with a $329 average price target, contrasting sharply with Jefferies' bearish stance.
Jefferies has downgraded Apple stock to underperform, cutting its price target to $263.66 from $285.56, representing potential losses of around 16%. Analyst Edison Lee cited supply chain checks indicating Apple cancelled its planned all-glass iPhone, scheduled for September 2027, due to low production yield. Lee described the cancellation as "a major setback" for Apple's efforts to introduce higher-priced devices amid rising memory costs. The all-glass model was expected to mark the iPhone's 20th anniversary and eventually extend to Pro models. Lee now sees Apple's foldable iPhone, expected in September 2026, as the only near-term product capable of lifting average selling prices. However, he warned that growing AI demand could push memory costs higher, potentially sending the foldable's entry price above $2,000. Jefferies lowered its fiscal year 2028 earnings per share forecast by 2.1%. Apple shares closed down 1.5% on Monday.
Apple shares dropped 7% to $308 since third-quarter earnings, while the broader market climbed, creating a notable disconnect. The tech giant's installed base exceeds 2.5 billion active devices, and its Services division generates $30 billion quarterly at a 77% gross margin. Third-quarter iPhone revenue reached $54.25 billion, up from $44.58 billion year-on-year. The company delivered earnings per share of $2.02, beating estimates of $1.89, marking its ninth consecutive quarterly beat. Apple recently authorised a $100 billion buyback programme. The company posted a 171% return on equity and 31.97% operating margin. However, management flagged concerns about higher memory costs ahead, and the third-quarter gross margin received a temporary boost from tariff refunds that will not recur.