Wednesday, January 25th 2012

Apple Makes More Money Per Employee Than Exxon

In a report on MSN, Apple earned over $400,000 in profit per employee, more than Goldman Sachs, Exxon Mobil or Google last year. As most of its plants are located over seas this shouldn't be a surprise. However what was a surprise is the apparent brashness of a Apple executives response when asked if they could bring some of that manufacturing back to the United States where Apple originated from. He was quoted as saying, “We sell iPhones in over a hundred countries,” The Apple executive said. “We don’t have an obligation to solve America’s problems. Our only obligation is making the best product possible.”

The report also detailed an alleged conversation between Steve Jobs and President Barack Obama during a benefit dinner. All of the Silicon Valley’s top luminaries asked a question of the U.S. President. When it was Steve Jobs turn President Obama interrupted Mr. Jobs and asked, "What would it take to make iPhones in the United States?" and Mr. Jobs replied bluntly, "Those jobs aren’t coming back." Now without knowing the entire context of the conversation it would be easy to vilify Mr. Jobs or even the Apple corporation. However what can be said with absolute certainty is Apple computers at one time were in fact made in America and now no longer are. Be it cheap labor or factories with more flexibility, Mr. Jobs helped create a company with a $400,000 dollar profit margin per employee and those jobs are not coming back to the U.S. any time soon.Sources: MSN
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47 Comments on Apple Makes More Money Per Employee Than Exxon

#1
Yo_Wattup
Same old story.. rich get richer, poor get poorer, what a nice world we live in. :rolleyes:
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#2
TheMailMan78
Banstick Dummy
by: Yo_Wattup
Same old story.. rich get richer, poor get poorer, what a nice world we live in. :rolleyes:
My mind just melted when I saw that $400,000 in profit per employee. I mean WOW. Thats pretty epic if you think about it.
Posted on Reply
#3
Yo_Wattup
by: TheMailMan78
My mind just melted when I saw that $400,000 in profit per employee. I mean WOW. Thats pretty epic if you think about it.
Indeed, bring the jobs back to the US and it'd still be what... ~$350,000 profit per employee?
Posted on Reply
#4
TheMailMan78
Banstick Dummy
by: Yo_Wattup
Indeed, bring the jobs back to the US and it'd still be what... ~$350,000 profit per employee?
Well.....until the Unions get wind of it. Then Apple will be in debt $400,000 per employee lol
Posted on Reply
#5
MxPhenom 216
Corsair Fanboy
maybe its because of how ridiculously overpriced Apple products are, and then the common individual will get a massive boner over how the product looks and buy it instantly. Mainly because of the shiney Apple emblem.
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#6
NC37
Criminalize them all you want but they are correct. It is not their obligation to solve America's problems. We passed laws, raised taxes, and did everything possible to make business here harder. Why should business come back?

It is the same problem happening in California. We lost tons of businesses years ago to Arizona when Davis did his tax crusade against them. Now we can't get them back and I don't blame them. This is why I side with Amazon in keeping it tax free here. California politicians bankrupted the state and their own solution is to continue doing what got them in the mess.

People need to learn the hard way what happens when you vote the wrong people into office. Just like they need to learn the hard way what happens when all your products come from slave labor.
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#7
Trackr
by: nvidiaintelftw
maybe its because of how ridiculously overpriced Apple products are, and then the common individual will get a massive boner over how the product looks and buy it instantly. Mainly because of the shiney Apple emblem.
No, mainly because of the shininess of the product itself.

I didn't buy my iPhone 4 because of the Apple logo; in fact, that was a gravitas point against.

When other companies manage to make products that are as pretty and yes, as functional, whether through jailbreaking or not, they will also make such profits.

I honestly don't know why all other companies can't make something as pretty as an Apple product.
Posted on Reply
#8
HossHuge
I wonder what the avg would be if you include all the factory workers in China as well....:rolleyes:
Posted on Reply
#9
DannibusX
by: HossHuge
I wonder what the avg would be if you include all the factory workers in China as well....:rolleyes:
$399,998 per worker.
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#10
xBruce88x
hmm... so much for companies coming to the U.S. looking for cheap labor... (we're still in a recession btw and could use the jobs)
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#11
Jetster
Good for them. Ive never bought a Apple product
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#12
heky
by: Jetster
Good for them. Ive never bought a Apple product
Neither have i, and never will! Who would buy something with Downs Syndrome!:banghead:
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#13
scottsche
Apple has 60,000 employees. Foxconn has 1,000,000. Let's say foxconn has 500,000 people making apple products. Let's give them raises (you can tell I'm not an MBA) so that those 500,000 people make $25,000 a year (no benies). That would be a $12.5B cost to apple per year. Apple makes $25B in profit in a year, and made $13B last quarter. More than enough to pay workers normal salaries.
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#14
acerace
by: Trackr
No, mainly because of the shininess of the product itself.

I didn't buy my iPhone 4 because of the Apple logo; in fact, that was a gravitas point against.

When other companies manage to make products that are as pretty and yes, as functional, whether through jailbreaking or not, they will also make such profits.

I honestly don't know why all other companies can't make something as pretty as an Apple product.
For better hardware? :confused:
Posted on Reply
#15
yogurt_21
That's nothing, Costco makes nearly 1 million (966,467) per employee. Sure apple is bigger and thus makes more money overall but on a per employee basis, warehouse is beating tech giant by a 2.5:1 ratio.
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#16
Wrigleyvillain
PTFO or GTFO
by: Jetster
Good for them. Ive never bought a Apple product
Obviously they don't need you.
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#19
trickson
OH, I have such a headache
by: TheMailMan78
First comment on that post....
Yeah that was the BEST!!! :roll:
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#20
digibucc
so the taxes that all of us have to pay are to blame - because we ask them to pay taxes too? they get all the rights of personhood and none of the responsibility.

look at where the business GOES. these are sweat shops, with horrible factory conditions and horrible treatment of workers.

the real problem is apple like others doesn't want to pay a living wage, so they export their manufacturing and reap the profits. they are in no way right, they are another greedy corporation.
Posted on Reply
#21
trickson
OH, I have such a headache
by: digibucc
so the taxes that all of us have to pay are to blame - because we ask them to pay taxes too? they get all the rights of personhood and none of the responsibility.

look at where the business GOES. these are sweat shops, with horrible factory conditions and horrible treatment of workers.

the real problem is apple like others doesn't want to pay a living wage, so they export their manufacturing and reap the profits. they are in no way right, they are another greedy corporation.
And yet you still buy from them. Every day you support China!
Posted on Reply
#22
TheMailMan78
Banstick Dummy
by: trickson
And yet you still buy from them. Every day you support China!
You supported China when you typed that on your keyboard.
Posted on Reply
#23
trickson
OH, I have such a headache
by: TheMailMan78
You supported China when you typed that on your keyboard.
Yep. And when you go to walmart. 99% of all goods you buy are made in China! Think about it. :wtf:
Posted on Reply
#24
TheMailMan78
Banstick Dummy
by: trickson
Yep. And when you go to walmart. 99% of all goods you buy are made in China! Think about it. :wtf:
No I think YOU need to THINK about it. :laugh: Kidding.
Posted on Reply
#25
digibucc
i know - but don't be so specific , we all support them out of lack of options. as long as they can pay workers less in other countries and still sell their product to us , they have got us.
we are consumerist sheep, we couldn't imagine not having the newest shiny toy or the cheapest plastic nic-nac so the fact that some kid died due to poor factory conditions means nothing.

things are the way they are because we the people accept it. plain and simple. so those of us that don't accept it are left arguing whichever extreme we think is the better.
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