National institute of Technology

Accounting Department
National institute of Technology

APPL Company

Propose By
Berivan Muhammed

Supervised By
L. Briar Tofiq

2023-2024

0
 Introduction
Apple Inc. is an American multinational technology company that designs,
develops, and sells consumer electronics, computer software, and online
services. The company was founded on April 1, 1976, by Steve Jobs, Steve
Wozniak, and Ronald Wayne. Apple is headquartered in Cupertino, California,
and has 527 retail stores worldwide. As of March 2023, Apple is the world's
largest company by market capitalization and the largest technology company
by revenue. Apple's products include iPhones, iPads, Macs, Apple Watches, and
Apple TVs, among others. The company also offers online services such as the
App Store, Apple Music, and iCloud. Apple is known for its innovative designs
and user-friendly interfaces, and its products have a large following and high
brand loyalty

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The creating of appl company
Apple Inc., originally named Apple Computer Company, was founded on April
1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company was
established to market Wozniak's Apple I desktop computer, and it was
incorporated on January 3, 1977, in Cupertino, California. Apple's first product,
the Apple I, was a computer designed and hand-built entirely by Wozniak. The
company's early years were marked by exponential revenue growth, and it later
expanded its product lines to include the Macintosh, iPhone, iPad, and various
software and online services. Apple has since become one of the most
recognizable and valuable brands in the world.

Number of employees of appl

As of 2022, Apple Inc. employed 164,000 full-time employees. This number
represents a 6.49% increase from the previous year, when the company had
154,000 employees. Apple's workforce is diverse, with employees working in
various roles such as designers, scientists, construction, manufacturing, retail,
customer support, marketing, and hardware. The company is committed to
building and sustaining a more inclusive workforce that is representative of the
communities it serves

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The Salaries of Appl Employees
Apple's salaries for its employees vary depending on the role and experience
level. Based on the search results, the salary ranges for some of the positions at
Apple are as follows:
Customer Service: $48,717 in total compensation per year
Software Engineer: $1,536,667 in total compensation per year
Computer and Information Systems Manager: $286,000 - $446,000
Senior Engineering Program Manager: $271,000 - $424,000
Manufacturing Quality Engineer: $118,000 - $185,000
Design Engineer: $152,000 - $240,000
Schedule Planner: $67,000 - $110,000
Production Services Engineer: $126,000 - $213,000
Consultant: $103,000 - $179,000
User Experience Designer: $131,000 - $198,000
Product Quality Engineer: $133,000 - $204,000
People Operations Planner: $134,000 - $205,000
Technology and Merchandising Pro: $59,000 - $98,000
Computer Programmer: $122,000 - $205,000
Site Reliability Engineer: $156,000 - $246,000
Store Leader Program Associate: $41,000 - $64,000
IOS Senior Advisor: $35,000 - $57,000
Preservation and Operations Specialist: $46,000 - $73,000
Customer Relations: $33,000 - $50,000
Devops Engineer: $149,000 - $235,000
Chief Executive Officer (CEO): $373,000 - $690,000

3
How Much Do Apple Employees Make A Week
The average estimated annual salary for Apple employees is approximately
$143,362, or $2,754 per week. However, it's important to note that this figure
can vary widely depending on the specific role and level within the company.
For example, a Customer Service employee may earn around $48,717 in total
compensation per year, while a Software Engineer could earn up to $1,536,667
annually. Additionally, the company's commitment to fostering an inclusive
workforce and supporting equitable pay is reflected in its efforts to increase
diverse representation at every level.

Apple Salary Averages by Department

How Much Does Apple Pay Part-Time

Apple pays its part-time employees an estimated average of $26 per hour for a
Part-time Specialist role. This figure is based on data from Glassdoor and
reflects the median hourly pay for this position. It's important to note that pay
rates can vary depending on the specific role, location, and other factors.

4
Cutting The Salaries Of Appl Employees
According to the search results, Apple has cut annual pay raises for its retail
employees in 2023 due to a drop in demand for its iPhones. The company is
reportedly raising pay by around 4%, which is lower than the 8% to 10% wage
bumps that Apple handed out last year. The average salary for Apple employees
ranges from $48,717 in total compensation per year for a Customer Service role
to $1,536,667 for a Software Engineer role. In 2023, Apple CEO Tim Cook took
a 40% pay cut, bringing his annual target salary to $49 million for the
year. However, it's important to note that these figures are subject to change and
can vary depending on the specific role, location, and other factors.

Apple's annual sales

Apple's annual sales revenue has experienced fluctuations over the years. In
2023, Apple's total net sales amounted to $383.29 billion in their 2023 financial
year, representing a decrease from the previous year. The company posted
quarterly revenue of $89.5 billion for the fourth quarter of 2023, which was
down 1 percent year over year. Additionally, the revenue for the twelve months
ending September 30, 2023, was $383.29 billion, reflecting a 2.8% decline year-
over-year. It's important to note that Apple's revenue is influenced by various
factors, including product launches, market demand, and global economic
conditions.

5
Apple annual net profit
Apple's annual net income for the fiscal year 2023 was $97.00 billion. This
represents a decrease from the previous year's net income of $99.80 billion. The
net income figures for Apple have shown fluctuations over the years, influenced
by various factors such as product launches, market demand, and global
economic conditions

Date Value

September 30, 2023 97.00B

September 30, 2022 99.80B
September 30, 2021 94.68B
September 30, 2020 57.41B
September 30, 2019 55.26B
September 30, 2018 59.53B
September 30, 2017 48.35B
September 30, 2016 45.69B
September 30, 2015 53.39B
September 30, 2014 39.51B
September 30, 2013 37.04B
September 30, 2012 41.73B
September 30, 2011 25.92B
September 30, 2010 14.01B
September 30, 2009 8.235B
September 30, 2008 6.119B
September 30, 2007 3.495B

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 Date Value

September 30, 2006 1.989B

September 30, 2005 1.328B
September 30, 2004 266.00M
Date Value

September 30, 2003 69.00M

September 30, 2002 65.00M
September 30, 2001 -25.00M
September 30, 2000 786.00M
September 30, 1999 601.00M
September 30, 1998 309.00M
September 30, 1997 -1.045B
September 30, 1996 -816.00M
September 30, 1995 424.00M
September 30, 1994 310.00M
September 30, 1993 87.00M
September 30, 1992 530.37M
September 30, 1991 309.80M
September 30, 1990 474.90M
September 30, 1989 454.00M
September 30, 1988 400.30M
September 30, 1987 217.50M
September 30, 1986 154.00M
September 30, 1985 61.20M
September 30, 1984 64.10M

Reference
[1] https://ycharts.com/companies/AAPL/net_income_annual

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[2] https://stockanalysis.com/stocks/aapl/revenue/
[3] https://www.apple.com/iphone/
[4] https://en.wikipedia.org/wiki/Apple_Inc.
[5] https://www.britannica.com/topic/Apple-Inc
[6] https://www.statista.com/statistics/265125/total-net-sales-of-apple-since-
2004/