Apple has become the world's most valuable company, without ballooning its employee base like some other big tech peers

Revenue per employee has scaled to its highest ever in 2022 - $2.4M.

Apple is also one of the very few tech company to not do mass layoffs in the last 12 months.

Coincidence?

No doubt this number would have been higher if Apple was manufacturing its devices in-house instead of outsourcing to China. However, they do a lot of other stuff in-house like writing their own software and do deserve credit for being efficiently run.

What do you think?