The News Glory
  • World
  • India
  • Politics
  • Sports
  • Business
  • Entertainment
  • Tech
  • Lifestyle
  • Viral
No Result
View All Result
The News Glory
  • World
  • India
  • Politics
  • Sports
  • Business
  • Entertainment
  • Tech
  • Lifestyle
  • Viral
No Result
View All Result
The News Glory
No Result
View All Result
Home Business

Apple made employees and billionaires during the Kovid era

The News GlorybyThe News Glory
30/12/2021
pic

Highlight:

  • Apple made employees billionaires during the Kovid era
  • Unexpected huge bonus for employees

Apple, a multinational company, has made some of its employees billionaires in an unusual move during the Kovid era. Employees are offered a stock bonus of $ 50,000 to $ 18,000 to retain employees, especially skilled engineers. Employees who get shares worth more than Rs 1.3 crore will also become millionaires. The huge bonus was also announced to prevent employees from joining rival companies like Facebook.

Expert engineers in the field of hardware, software and design will receive bonuses. Limited stock units are supplied to the best performing skilled workers. This will be for a fixed period of time. The employees who own shares in Apple, the world’s most valuable company, are also very wealthy. About 100 engineers from Apple had earlier switched to Facebook’s parent company, Meta Platforms. Apple’s new move is to avoid such a drop.

Most receive shares worth $ 80,000, $ 1 million and $ 1.2 million. Apple’s strategic move comes as competition from big companies in the augment and virtual reality sectors intensifies. There is also fierce competition in the manufacturing of high end smart watches and headsets.

Also Read: An initiative of Rs 1 lakh for corporate employees; Revenue `220 crore

As the share price of Apple rises, so does the value of the shares held by employees. With a market value of $ 3 trillion, Apple’s stock is up more than 36 percent this year alone.

For the first time, Apple is a company with a market value of over two million dollars. Apple is the most valuable company in the world. Apple is the world’s largest technology company in terms of revenue. The company will have revenue of $ 274.5 billion in 2020. Initially, the company launched the Apple and X2 computers.

Later, in the early ’80s, the loss-making company launched laser printers, portable devices and powerbooks. The brand later captured the market with the introduction of the iMac. Beautiful design and quality set Apple products apart. Every product born under the Apple brand, including the iBook, iPod, iPhone and iPod, later became a success. But as other big companies continue to dominate the market, Apple is facing stiff competition in the market. Especially from companies including Met Platforms Inc.

Click here to read more, more detailed, authentic Economic Times stories from more than 20 regions

.

Share on FacebookShare on Twitter
The News Glory

The News Glory

The News Glory is one of the best news providers in India, we bring you stories on world news, India News, Business, Politics, Technology, Gadgets, Finance and Entertainment. Follow us for special features.

Related Posts

84 days of high speed data;  Netflix on TV and Laptop, Jio and Airtel with new prepaid plans
Business

84 days of high speed data; Netflix on TV and Laptop, Jio and Airtel with new prepaid plans

30/11/2023
Tata Tech with mass entry to Dalal Street
Business

Tata Tech with mass entry to Dalal Street

30/11/2023
Rodalies de Catalunya, by Enric Llarch
Business

Rodalies de Catalunya, by Enric Llarch

30/11/2023

Popular

Nuevo León: is it on the verge of an institutional crisis?

Nuevo León: is it on the verge of an institutional crisis?

01/12/2023
The Treasury recognizes an error and returns up to 4,000 euros to thousands of taxpayers

The Treasury recognizes an error and returns up to 4,000 euros to thousands of taxpayers

01/12/2023
They will increase security for The Game Awards 2023

They will increase security for The Game Awards 2023

01/12/2023

Editors Pick

No one has an absolute majority in Mizoram;  Congress decides who will rule;  Here is the exit poll prediction

No one has an absolute majority in Mizoram; Congress decides who will rule; Here is the exit poll prediction

30/11/2023
American-born doctor loses citizenship at 61: Strange case

American-born doctor loses citizenship at 61: Strange case

30/11/2023
84 days of high speed data;  Netflix on TV and Laptop, Jio and Airtel with new prepaid plans

84 days of high speed data; Netflix on TV and Laptop, Jio and Airtel with new prepaid plans

30/11/2023

About

The News Glory

The News Glory: Get up-to-date Latest Breaking News from Politics, Business, Technology, Entertainment, Sports & Much More Around India and World.

Categories

  • Automobile
  • Business
  • Education
  • Entertainment
  • Featured
  • Gadgets
  • Gaming
  • Health
  • India
  • Lifestyle
  • News
  • Politics
  • Sports
  • Tech
  • Viral
  • World

Recent Posts

  • “1Live” crown: real comeback? That’s what singer Kim Frank says
  • Chivas vs Pumas: On which channel are they showing TODAY’s Liga MX match?
  • Today, in the Investigation Team, Gloria Serra brings to light Ernesto Koplowitz’s love letters to his lover
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Copyright © 2023 The News Glory - All Rights Reserved

No Result
View All Result
  • World
  • India
  • Politics
  • Sports
  • Business
  • Entertainment
  • Tech
  • Lifestyle
  • Viral

Copyright © 2023 The News Glory - All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.