Apple Workers at Maryland Store Vote to Unionize, a First in the U.S. - The New York Times image

Apple Workers at Apple’s store in Towson, Maryland, have voted in favor of authorizing a strike, the International Association of Machinists and Aerospace Workers (AIM) said in a statement late on Saturday . Apple

The date for work stoppage has yet to be decided, according to the union, which represents Apple’s retail store workers in Maryland.

“The issues at the forefront of this action include concerns over work-life balance, unpredictable scheduling practices disrupting personal lives, and wages failing to align with the area’s cost of living”, IAM said in the statement.

“We will engage with the union representing our team in Towson respectfully and in good faith,” an Apple spokeswoman said.

In June 2022, Apple workers at Maryland voted to join the International Association of Machinists and Aerospace Workers union, becoming the first retail employees of the tech giant to unionize in the United States.

Meanwhile, workers at Apple’s store in Short Hills, New Jersey, voted against unionizing, Bloomberg News reported on Saturday.

 

Communications Workers of America (CWA), which filed complaints with the National Labour Relations Board (NLRB) alleging illegal union-busting by Apple at the New Jersey store and others, blamed the defeat on the company’s behavior, the report said.

Apple retail staff at its New Jersey store had filed for union representation with Communications Workers of America on April 8, according to John Nagy, who is the operations lead at the Short Hills store and a member of the organizing committee

Apple did not respond to requests for comment on the vote against unionization. CWA and the NLRB did not immediately respond to a Reuters request for comment on the Bloomberg report on the New Jersey workers’ vote.

Apple retail staff at its New Jersey store had filed for union representation with Communications Workers of America on April 8, according to John Nagy, who is the operations lead at the Short Hills store and a member of the organizing committee

Apple did not respond to requests for comment on the vote against unionization. CWA and the NLRB did not immediately respond to a Reuters request for comment on the Bloomberg report on the New Jersey workers’ vote.

Business Summary

Apple Inc. specializes in the design, manufacture and marketing of computer hardware and music supports. Net sales break down by family of products and services as follows:

– telephone products (52.1%): iPhone brand;

– peripheral devices (10.5%): screens, storage systems, printers, video camera, memory cards, server, switches, etc.;

– computers (10.2%): laptops (MacBook, MacBook Air and MacBook Pro brands) and PCs (iMac, Mac mini, Mac Pro and Xserve);

– music support (7.4%): music readers iPod and iPad and accessories;

– other (19.8%): software, maintenance service and Internet access service, etc.

Net sales are distributed geographically as follows: Americas (42.4%), China/Hong Kong/Taiwan (18.9%), Japan (6.3%), Asia/Pacific (7.7%) and Europe/India/Middle East/Africa (24.7%).

Sales per Business

USD in Million2022Weight2023WeightDelta
iPhone
205,48952.1 %200,58352.3 %-2.39%
Services
78,12919.8 %85,20022.2 %+9.05%
Wearables, Home and Accessories
41,24110.5 %39,84510.4 %-3.38%
Mac
40,17710.2 %29,3577.7 %-26.93%
iPad
29,2927.4 %28,3007.4 %-3.39%

Sales per region

USD in Million2022Weight2023WeightDelta
United States
147,85937.5 %138,57336.2 %-6.28%
Europe
95,11824.1 %94,29424.6 %-0.87%
Greater China
74,20018.8 %72,55918.9 %-2.21%
Rest of Asia Pacific
29,3757.4 %29,6157.7 %+0.82%
Japan
25,9776.6 %24,2576.3 %-6.62%
Americas
21,7995.5 %23,9876.3 %+10.04%

Managers

ManagersTitleAgeSince
Chief Executive Officer6201/98/01
Director of Finance/CFO6101/13/01
Chief Operating Officer6001/98/01
Chief Tech/Sci/R&D Officer5701/13/01
Chief Tech/Sci/R&D Officer5101/22/01
Investor Relations Contact
Corporate Officer/Principal5101/09/01
Corporate Officer/Principal59
Corporate Officer/Principal01/04/01
Corporate Officer/Principal

Members of the board

Members of the boardTitleAgeSince
Director/Board Member6217/14/17
Director/Board Member6401/08/01
Chairman7301/00/01
Chief Executive Officer6201/98/01
Director/Board Member6704/21/04
Director/Board Member7516/10/16
Director/Board Member6309/21/09
Director/Board Member6928/02

Share class

 VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A115,334,082,00014,417,102,795 ( 94.02 %)094.02 %

Shareholders

NameEquities%Valuation
 Vanguard Fiduciary Trust Co.
1,318,859,6148.541 %226 B $
905,560,0005.864 %155 B $
 BlackRock Advisors LLC
810,153,2385.246 %139 B $
586,052,0573.795 %100 B $
 Geode Capital Management LLC
300,822,6231.948 %51 585 M $
 Fidelity Management & Research Co. LLC
299,596,3671.940 %51 375 M $
 Eaton Vance Management
217,953,9561.411 %37 375 M $
 T. Rowe Price International Ltd.
210,827,0971.365 %36 153 M $
 BlackRock Life Ltd.
196,517,8621.273 %33 699 M $
 Norges Bank (13F)
176,141,2031.141 %30 205 M $

Sales per Business

52.3%​iPhone​52.3%​iPhone22.2%​Services​22.2%​Services10.4%​Wearables,​Home​and​Accessories​10.4%​Wearables,​Home​and​Accessories7.7%​Mac​7.7%​Mac7.4%​iPad​7.4%​iPad

Sales per region

36.2%​United​States​36.2%​United​States24.6%​Europe​24.6%​Europe18.9%​Greater​China​18.9%​Greater​China7.7%​Rest​of​Asia​Pacific​7.7%​Rest​of​Asia​Pacific6.3%​Japan​6.3%​Japan6.3%​Americas​6.3%​Americas
Trading Rating
 
Investor Rating
 
ESG Refinitiv
A-
FinancialsValuationConsensusBusiness PredictabilityMomentum5

More Ratings

Sell

Consensus

Buy

Mean consensus
OUTPERFORM
Number of Analysts
42
Last Close Price
183 USD
Average target price
204.1 USD
Spread / Average Target
+11.52%

Consensus

EPS Revisions

USDEPS 2024EPS 2025EPS 2026Jan ’23Jul ’23Jan ’24Jul ‘246.256.56.7577.257.57.7588.25©marketscreener.com – S&P Global Market Intelligence

Estimates Revisions

USD+6.5%​+6.5%+3.9%​+3.9%+1.4%​+1.4%-3.8%​-3.8%+6.4%​+6.4%+5.7%​+5.7%+4.9%​+4.9%+3.5%​+3.5%+2.1%​+2.1%EPS ActualEPS Estimate2022 Q22022 Q42023 Q22023 Q42024 Q22024 Q42025 Q20.001.002.003.00©marketscreener.com – S&P Global Market Intelligence

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