Apple made employees and billionaires during the Kovid era

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.

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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.

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