I wonder how much the $5 billion sunk cost from the new(ish) office has to do with this, or if Apple is just clinging on to their original, conservative view on WFH.
The bulk of the engineers are in unremarkable office parks around the valley.
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-ho...