Monday, March 3, 2014

Apple rakes in most profit per employee: Study


WASHINGTON: Apple reportedly makes the most money for its employees with half a million dollars for each of its 80,300 staff, among 18 of the biggest technology and media companies, according to a new study by BuzzFeed.


The company's net income at the end of its 2013 fiscal year in September amounted to $37 billion on revenue of $171 billion.


The results were concluded after gathering data from the companies' most recent 10-K reports and then dividing the fiscal year 2013 net income a company reported in its 10-K by the number of employees it reported.


The company said that as of September 28, 2013, it had 80,300 full-time equivalent employees.


Apple's $460,772 in profits per employee was followed by 21st Century Fox at $277,344, Google at $270,123, Facebook at $236,705 and Viacom at $230,000 per employee.


Meanwhile, Microsoft reported $221,212 in profit per employee, Discovery Communications at $188,597, Time Warner at $108, 824, CBS at $96,460 and Netflix at $55,589 per employee, making it to the top ten companies.


The remaining on the list included Comcast at $50,000 in profit per employee, Disney at $34,857, DreamWorks at $25,045, News Corp at $21,083, The New York Times Co at $18,447, AOL at $18,118, Gannett Co at 12,310 and LinkedIn at $5,312 per employee.

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