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The hiring is in anticipation of the new Cupertino headquarters

Apple is looking to increase its workforce in Silicon Valley by nearly 50 percent as it builds its new "spaceship" headquarters. 

According to a report (which Apple had commissioned from consulting firm Keyser Marston Associates), Apple is looking to hire 7,400 new employees in its Cupertino, California headquarters over the next three years. 

Apple currently employs 16,000 people in Cupertino, and about 73,000 worldwide. 

The tech giant submitted this report to Cupertino city officials to win approval for its new spaceship-like headquarters. The new HQ will feature a 2.8 million square foot campus with 176 acres of trees (adding 6,000 trees total) and curved exterior walls with 40-foot panes of concave glass from the floor to the ceiling. 

Back in June 2011, former Apple CEO Steve Jobs presented plans for Apple's new corporate building before the Cupertino City Council. It looked like a spaceship, and was capable of holding 12,000 employees. At that time, the budget was a little under $3 billion. Jobs wanted to break ground in 2012 and have the Apple spaceship complete by 2015. 

However, the budget has since grown to nearly $5 billion today, and the company doesn't plan to start building until this month. The project likely won't be complete until 2016. 

Despite the delay, which is due to the ballooning budget (Apple is currently trying to knock about $1 billion off the total), Apple is staying positive and looking forward to making the spaceship home to over 7,000 new employees. 

But investors don't seem as positive as Apple. Many worry that Apple has lost its edge after Jobs died in October 2011, and has only made upgrades to the iPhone and iPad ever since instead of creating new products. 

Apple shares have fallen significantly from its all-time high of $700 per share in September 2012 to about $445 at the time of this article's publication. Shares fell as low as $400 (and briefly below that mark) in April of this year.

Hence, building a $5 billion spaceship HQ with 7,400 new employees doesn't seem like a smart move to investors -- especially when the Keyser Marston report estimates that each Cupertino employee at Apple makes about $125,000 per year on average. 

But Apple still has a load of cash (about $145 billion) and still meets the mark when it comes to quarterly financial reports. For Q2 2013, revenue came in at $43.6 billion, which was a boost from $39.2 billion in the year-ago quarter. Analysts expected around $10.07 per share on revenue of $42.5 billion.

Net profit, on the other hand, came in at $9.5 billion ($10.09 per diluted share), which was down 18 percent compared to the same period last year. This was Apple's first year-over-year profit decline in nearly 10 years.

Source: Business Insider

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Great for economy and local economy
By aurareturn on 6/5/2013 1:50:07 PM , Rating: 2
Apple gets a lot of hate here because it doesn't have an open system for programmers/IT managers(demographic here) but Apple has been great for the U.S. economy. It's exporting its technology and services well into the rest of the world. So is Google.

I prefer to have Apple & Google do well than Samsung.

By xti on 6/5/2013 1:55:58 PM , Rating: 2
well samsung has a huge plant in austin (apple and google both have offices here too) so its not just cut and dry.

jobs in US cities are good no matter who or how much we love droid/hate apple.

RE: Great for economy and local economy
By ven1ger on 6/5/2013 2:01:58 PM , Rating: 3
Samsung has a manufacturing plant in the US, Apple has none, though they are planning on moving some manufacturing back to the US.

RE: Great for economy and local economy
By aurareturn on 6/5/13, Rating: 0
RE: Great for economy and local economy
By Motoman on 6/5/2013 3:38:27 PM , Rating: 5
Apple is an American corporation exporting products all over the world.

No, Apple is an American-based company IMPORTING foreign-made goods with their brand name on them to the USA. Apple stuff isn't made in the's made in Asia. Hence, they don't export anything.

And the stock exchange where a company is traded has no bearing on what the nationality is of the people who own stock. There's no reason to assume that there's not more Americans with stock interests in Samsung than anyone else. Likewise, there's not any real reason to believe Apple isn't mostly owned by Chinese'd actually have to get a full list of investors to figure it out, and then look at the distribution of such portfolios to individual users (like when stocks are part of mutual funds).

RE: Great for economy and local economy
By aurareturn on 6/5/13, Rating: 0
RE: Great for economy and local economy
By Cheesew1z69 on 6/5/2013 4:28:56 PM , Rating: 3

RE: Great for economy and local economy
By aurareturn on 6/5/2013 4:35:44 PM , Rating: 1
What is so lulz about it?

Apple designs the technology here and exports it to the rest of the world.

Rich nations export goods and services. Apple exports goods and services.

Poor nations have nothing to export.

Basic economics.

RE: Great for economy and local economy
By Motoman on 6/5/2013 5:02:08 PM , Rating: 2
You're a retard.

Apple doesn't "export" their technology. They come up with a design and it gets manufactured in China. All Apple products are then imported from China to the USA...and from China to everywhere else in the world. The only place that Apple exports anything from is China.

By BRB29 on 6/5/2013 5:44:54 PM , Rating: 2
Integration of different technologies is a legitimate IP in itself and you can patent that. Most new patents are not from the ground up anymore. You can't reinvent the transistors.

RE: Great for economy and local economy
By aurareturn on 6/5/2013 7:27:20 PM , Rating: 1
You're a bigger retard.

Apple exports its iPhone technology all over the world. You're only thinking about the manufacturing.

By Cheesew1z69 on 6/5/2013 8:40:35 PM , Rating: 2
No, they do not. You can keep saying it all you want, doesn't make it any more true.

By BRB29 on 6/6/2013 8:00:07 AM , Rating: 2
What is your definition of export?
exporting means there has to be actual sales. If they just send the design to manufacture with a third party company through contracts then there are no export.

You can say apple export jobs. Income from jobs are directly counted in the GDP.

RE: Great for economy and local economy
By Reclaimer77 on 6/5/2013 9:41:03 PM , Rating: 1
lmao what "technology"? Wrapping what everyone else has designed and built in aluminum isn't a technology.

By testerguy on 6/6/2013 3:44:55 AM , Rating: 1
Wrapping what everyone else has designed and built in aluminum isn't a technology.

Most epically idiotic and hate-filled description of Apple I've ever seen from anyone, ever.

I wont even go into the details of the own-designed CPU or the fact that most of their parts such as the screen are manufactured to their own specifications and design, or that nobody has managed to build a smaller phone with equivalent power or battery life to date, you're just too far gone.

RE: Great for economy and local economy
By ComputerJuice on 6/5/2013 4:37:40 PM , Rating: 2
Apple doesn't export shit:
Manufactured parts in asia (mostly china)
Assembled in China
Shipped from China to everywhere

Here is a basic text chart illustrating this

Apple Orders merchandise -> ASIA makes pars -> CHINA assembles parts into device -> CHINA packages device -> CHINA ships device to -> LOCAL regional retail distribution hubs EVERYWHERE in the world -> LOCAL regional distribution hub -> LOCAL stores

In a simpler form Asia > China > Store

In your incorrect perception it goes USA > China > USA > Store.

Apples R&D, attorneys, & Marketing might be here, but thats about it.

RE: Great for economy and local economy
By bobsmith1492 on 6/5/2013 4:43:34 PM , Rating: 2
Where do you think all the money is at? The Chinese manufacturers get a tiny slice of the pie - that's why it is made there. Most of the profit goes back to the engineering, support, and profit of Apple.

RE: Great for economy and local economy
By ComputerJuice on 6/5/2013 4:45:42 PM , Rating: 2
I was not addressing the money chain.

I was addressing the export/supply chain.

obviously the money stays with those who run the company & their shareholders.

RE: Great for economy and local economy
By BRB29 on 6/6/2013 8:07:12 AM , Rating: 2
Lol people always have this misconception that a shareholder owns a part of the company so therefore they get a part of their money. That is not true at all. If apple shareholders can split the cash between themselves then they would've already done it.

The only time a company will split its assets with shareholders is when it went completely bankrupt and had to liquidate to pay all creditors. The common shareholders are the last ones to get repaid. They normally gets close to nothing because preferred shareholders gets first dibs.

Your only choice is to be the majority shareholder and get control of the company. I don't think anyone has the money to do that.

By Kiffberet on 6/7/2013 8:48:42 AM , Rating: 2
One word: Dividends

By ComputerJuice on 6/5/2013 4:49:47 PM , Rating: 2
see if you read the post i was responding to he clearly states "They import parts and physical resources from Asia. They then export the overall technology to other parts of the world" . Which is completely incorrect.

By Cheesew1z69 on 6/5/2013 4:53:11 PM , Rating: 2
They import parts and physical resources from Asia.

By ven1ger on 6/7/2013 6:23:33 AM , Rating: 2
Actually, if you wanted to check you'd find out that Samsung's manufacturing plant invested more than $12 Billion dollars in its semiconductor plant in Austin, Texas as of 2012.

Apple's approx. $100 million dollar investment in manufacturing back in the US, may not be opening a new plant but utilizing Foxconn's or other manufacturing plant in the US to produce its Macs, according to analysts. Apple hasn't really been forthcoming of it's actual plans.

RE: Great for economy and local economy
By Tony Swash on 6/5/2013 5:43:14 PM , Rating: 1
I do find the attitude of some Americans towards some of their largest, most prestigious and successful companies odd. Speaking as a Brit if Google or Apple were UK companies with their headquarters in the UK, if we had companies that inventive and world shaping, I would be very proud of them. Instead because of some weird prejudices about this company or that you see people quibbling about how much these world spanning companies make in the US. Or even stranger championing the cause of a South Korean company against a US one. I wonder how these people would feel if Apple and Google were a Chinese founded company with it's headquarters in Shanghai?

RE: Great for economy and local economy
By BRB29 on 6/5/2013 5:53:07 PM , Rating: 2
This goes all the way back to what is called "the virtue of selfishness" by Ayn Rand

Basically saying that if everyone is selfish and work hard to make themselves better than everyone else, then everyone will benefit because we are raising the ceiling together at the same time. Like everyone in a team fulfills their duties the best they can even though they don't care about the team but just their performance and achievements.

This philosophy had embodied our corporate culture subliminally and created the great American economy.

We all hate everyone that's successful because we want to be better than them. Too bad those that complains about it will never catch up because they don't spend the time to be better. Instead, they hate hate hate and missing the other part of the equation of success.

RE: Great for economy and local economy
By KCjoker on 6/5/2013 6:05:20 PM , Rating: 2
The issue is jealousy and being shamed by other's success. It used to be that when youi saw a guy with a nice car and big house you were jealous but wanted to achieve his success. However now people feel shame when they see the same guy. Instead of wanting to work hard to achieve the same success they'd rather tear him/her down. That way they no longer feel shame for not having the same success. It's not worth it to them to work hard to get a good education/learn a skill. There are too many people that are lazy and think everyone deserves the same successful result without working for it.

RE: Great for economy and local economy
By BRB29 on 6/5/2013 6:11:33 PM , Rating: 2
I'm glad there are people like that. That makes it easier for me to get higher in the food chain.

By Cheesew1z69 on 6/5/2013 8:38:50 PM , Rating: 2
That makes it easier for me to get higher in the food chain.
ROFL! Good luck with that! /rolls eyes...

RE: Great for economy and local economy
By retrospooty on 6/5/2013 7:31:00 PM , Rating: 1
"I do find the attitude of some Americans towards some of their largest, most prestigious and successful companies odd."

I find it odd that some people glom on to a company and derive some sense of pleasure from thier success so much as to give them a "free pass" to do anything with zero accountability and deny any wrongdoing when its clear wrong was done.

People judge companies by their merit, not their HQ's geography. I find it odd that you would miss such an obvious thing.

RE: Great for economy and local economy
By testerguy on 6/6/2013 3:48:24 AM , Rating: 2
I find it odd that some people glom on to a company and derive some sense of pleasure from thier success

Oh you mean like those people who rant and rave about how many sales Samsung has made or how much market share Android has?

Of course you would never do something so illogical...

And because you've never done something so illogical you're absolutely appalled by Samsung abusing their FRAND patents to try and stifle competition....


By retrospooty on 6/6/2013 8:14:24 AM , Rating: 2
Like I give a crap about Samsung. Yourt Apple defense is failing and your anger management issues are showing again.

Take that captain brainiac. This clearly shows you are a liar and completely in denial about your defense of Apple.

By Stan11003 on 6/5/2013 1:57:12 PM , Rating: 2
This why loathe working for publicly traded companies. Apple one the highest valued companies on the stock exchange in 2012 had $146,000,000,000 in revenue with 50,000 employees. Now Apple wants to hire some more folks and the investor don't like it, WTF. How will the economy ever grow again with know nothing analyst like this.

RE: Corporations!
By ilt24 on 6/5/2013 2:16:02 PM , Rating: 2
These numbers seem to show over the past few years Apple increase in Headcount has been matched by increases in Revenue.

In 2012 Apple had $156.5B in revenue and 72,8K employees.
In 2011 Apple had $108.2B in revenue and 60.4K employees.
In 2010 Apple had $65.2B in revenue and 46.6K employees.

RE: Corporations!
By Shadowself on 6/5/2013 2:35:07 PM , Rating: 2
Your own arithmetic shows that Apple's revenue has grown significantly faster than its headcount.

2010 -> 2012 Revenue growth: 140%
2010 -> 2012 Headcount growth: 56%

While headcount growth should never match revenue growth on a dollar per head basis, the numbers show that Apple can clearly afford to increase its headcount and not significantly, negatively affect its bottom line.

The real question is whether Apple will *intelligently* increase headcount or will they just add bodies. Way too often large companies that have experienced large, sustained growth start to just add warm bodies because they can in the idiotic belief that more people inherently gives more ideas and innovation. You have to look no further than Microsoft in the late 90s and early 2000s to see that this premise is often not true.

RE: Corporations!
By Mitch101 on 6/5/2013 10:50:29 PM , Rating: 1
I think it would be more beneficial if Apple purchased some up and coming companies rather than grow staff.

RE: Corporations!
By BRB29 on 6/6/2013 7:56:36 AM , Rating: 2
Apple has no incentive to purchase any business for market share. They only purchase for IP. If they are hiring people to design products then they don't need to waste money buying any other entities.

more trolling on tech sites :P
By garagetinkerer on 6/5/2013 7:13:48 PM , Rating: 2
I bet half of them are lawyers and rest are for trolling folk at tech sites like this. I genuinely wonder if some of the trolls here are on payroll of Apple.

RE: more trolling on tech sites :P
By Cheesew1z69 on 6/5/2013 8:37:15 PM , Rating: 2
I genuinely wonder if some of the trolls here are on payroll of Apple.
Tony Swash/TesterGuy/MacDevDude, these 3 I wouldn't doubt it.

By retrospooty on 6/6/2013 10:46:03 AM , Rating: 2
It would actually be sad if they werent on the payroll. that would mean that such blind devotion is coming from them and not from Apple. It's a problem when the companies co-founder is less biased than these clowns.

"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)

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