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    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
Delayed Nasdaq  -  04:00 2022-09-28 pm EDT
149.84 USD   -1.27%
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Office three days a week please says Apple chief

08/17/2022 | 01:31am EDT

APPLE has called on employees to get back into the office at least three days a week as the tech giant continues to defy work from home trends that dominate Silicon Valley.

In a memo sent to staff this week, Apple chief executive Tim Cook told all employees that work at the company's HQ and nearby offices that they need to come into the office on Tuesdays and Thursdays.

Staff will then have another day in the working week that they are required to attend the offices, which will be determined by Apple team managers, the memo seen by the Financial Times said.

It is understood that this new "pilot" system will begin on 5 September and the rule will vary depending on location of the office.

"We are excited to move forward with the pilot and believe that this revised framework will enhance our ability to work flexibly, while preserving the in-person collaboration that is so essential to our culture," Cook said. "We also know that we still have a lot to learn. And we are committed to listening, adapting and growing together in the weeks and months ahead."

Cook said that "in-person collaboration" was "essential to our culture".

The policy arguably places the nearly three trillion dollar firm as the outlier of its Big Tech cousins. The likes of Google parent firm Alphabet and Facebook owner Meta both have flexible arrangement for workers, with Mark Zuckerberg actively encouraging work from home.

E-commerce titan Amazon told its employees that it is up to team leaders to decide what the remote work policy should be, allowing for flexibility across the organisations.

Meanwhile, City law firms like Freshfields have told workers this week that they want them back three days a week.

(c) 2022 City A.M., source Newspaper

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Financials (USD)
Sales 2022 393 B - -
Net income 2022 99 527 M - -
Net cash 2022 56 159 M - -
P/E ratio 2022 24,6x
Yield 2022 0,61%
Capitalization 2 439 B 2 439 B -
EV / Sales 2022 6,07x
EV / Sales 2023 5,72x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 44
Last Close Price 149,84 $
Average target price 182,20 $
Spread / Average Target 21,6%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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