We brought you news yesterday on some of the risk factors Apple sees in the year going forward, gleaned from the densely informative 10-K form that they filed with the Securities and Exchange Commission. Of course, that’s hardly the only diamond in the 100-page rough, so here’s a round-up of other interesting details that have been extracted.
First up, Apple has apparently staffed up considerably in the last year, going from 21,600 full time employees to 32,000, an increase of 48%. Most of Apple’s employees work in retail and the company opened 50 new stores in 2008—between that and adding employees to existing store, it accounts for about 8,000 of those 10,800 new employees.
The second figure was a staggering increase in the number of Mac sales, which rose by 2.7 million units from 2007 to 2008, a rate of 38% in both units and net sales. Apple sold 9.715 million Macs in 2008 and, as TMO points out, the $14.2 billion in Mac sales trumped Apple’s total revenue of $13.93 billion in 2005. That’s quite a jump in just three short years.
As Infinite Loop reports, a special note was added towards the end of the 10-K spelling out Apple’s arrangement with outgoing senior VP Tony Fadell, whose title is now Special Advisor to the CEO. Fadell will continue to draw a $300,000/year salary and pull down benefits through March 24th, 2010 (Mac OS X’s 9th birthday, coincidentally?). While Fadell will lose 155,000 shares of unvested stocks, he’ll get 77,500 restricted shares that vest in full on March 24th, 2010—as long as he continues to work with the company. He also agrees not solicit Apple employees with employment offers for a year after he leaves the company, making me wonder if maybe Tony plans on striking out on his own.
Finally, a little game for you. The 10-K lists not only all the members of Apple’s executive team, but their ages as well. See if you can match the exec with the age (answers provided after the jump).
| 1. Steve Jobs | a) 48 |
| 2. Tim Cook | b) 53 |
| 3. Phil Schiller | c) 45 |
| 4. Scott Forstall | d) 50 |
| 5. Ron Johnson | e) 57 |
| 6. Peter Oppenheimer | f) 39 |
| 7. Daniel Cooperman | g) 47 |
Answers (no peeking: you’ll have to highlight to see them):
1. b; 2. g; 3. a; 4. f; 5. d; 6. c; 7. e
How’d you do? Let us know in the comments.
Tricky and effective way of keeping answers hidden until the user wants to see the letters and numbers. I like it! And I didn't do well.
I guessed Steve's age correctly :-)
Jonathan
Editor
www.thetechlunch.com