SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lee Lichterman III who wrote (161259)8/13/2020 10:14:07 PM
From: Snowshoe  Read Replies (1) of 217755
 
re "You do realize that MSFT writes Apple's code don't you?"


How does that square with all these software engineers at Apple?

In reversal, Apple is now hiring more software engineers than hardware
bizjournals.com

By Luke Stangel – Contributing writer, Silicon Valley Business Journal
Mar 5, 2019, 5:54am PST Updated Mar 5, 2019, 9:10am PST

For the first time since at least 2016, Apple Inc. is now hiring more software engineers than hardware engineers, according to new data from Thinknum, a startup that tracks changes to corporate websites.

As of late February, Apple had about 1,360 open job listings in software and services, and a little more than 1,000 listings for hardware engineers, according to Thinknum.

Software job listings apparently overtook hardware listings in the latter half of 2018.

Apple’s shift in engineering demand comes as the Cupertino-based computing giant grapples with plateauing sales of the iPhone and no clear hardware successor on the shelf.

On its way into the 2018 holiday season, Apple said it expected to rake in between $89 billion to $93 billion in sales revenue. Instead, it missed by a wide margin, pulling in just $84.3 billion.

Apple has a global workforce of 132,000 workers, about half of whom are retail employees. Its highest-paid positions are concentrated around its headquarters in Cupertino. The company is Silicon Valley's largest technology employer, with roughly 26,000 employees in the region and in Cupertino alone, Apple employs almost two-thirds of the city’s total workforce.

Apple hopes it can find growth by instead extracting more recurring subscription revenue from its installed base of users. Apple’s Services business, which includes App Store sales, digital downloads and subscriptions, pulled in $10.9 billion in the most recent quarter.

Services could grow to a $100 billion-per-year business by 2023, analysts at Morgan Stanley estimated last year. Apple is expected to unveil additional subscription services at an event on March 25. That could include the company’s much-anticipated streaming video service, designed to take on Netflix, Amazon.com and Hulu.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext