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> I wonder how much the $5 billion sunk cost from the new(ish) office has to do with this, On whatever day of the week one cares to look, Apple’s market value
by mistersquid 5y ago
> I wonder how much the $5 billion sunk cost from the new(ish) office has to do with this,
On whatever day of the week one cares to look, Apple’s market value crosses 2 trillion dollars. As of January this year, Apple has nearly 200 billion cash on hand. [0] I won’t even bother to cite how long it takes Apple to earn 5 billion in profit, but I’m guessing much less than the 15 months since lockdown began in Mar 2020.
In other words, 5 billion sunk cost is probably not the reason Apple brass continues to be conservative about WFH with respect to their corporate peers.
[0] https://www.cnbc.com/2021/01/27/apple-q1-cash-hoard-heres-how-much-apple-has-on-hand.html https://www.cnbc.com/2021/01/27/apple-q1-cash-hoard-heres-ho...
- rsj_hn 5y agoFrom what I heard, the new spaceship offers basically zero privacy and is distracting to work in, so I think it has a lot to do with the hesitancy of people returning to work at Apple, and thus is responsible for management's drive to get everyone back into the glass box.