Tim Cook gives Apple employees $250 discount on iPads

Apple Inc. Chairman and CEO Steve Jobs stands under images of the iPad 2 at an Apple event at the Yerba Buena Center for the Arts Theater in San Francisco, Wednesday, March 2, 2011. (AP Photo/Jeff Chiu)

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• Apple Delivers Blowout Earnings On The Back Of Mammoth-Sized iPhone Sales
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Apple employees will soon be able to get $500 off a Mac and $250 off an iPad, reports 9to5Mac.

Apple made $400,000 in profit per employee last year and it just posted a huge quarter, so it’s nice to see the company return the love to its employees.

When the discounts kick off later this June, however, they come with a few stipulations. Eligible employees have to have been at Apple for 90 days and they can only use the discount once every three years (this might sound a little draconian, but how often do you buy a brand new computer?).

Additionally, the Mac Mini is not eligible for the discount since it starts at $600, quite close to the $500 discount.

The employee discount on hardware was previously 25%, so depending on which device an employee wants, $500 off could make a big difference.

No word yet on if employees will still have access to the 25% discount if it saves them more money, but we’ll be looking into it.

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See Also:

• APPLE: 37 Million iPhones Sold Last Quarter
• Apple Delivers Blowout Earnings On The Back Of Mammoth-Sized iPhone Sales
• CHART OF THE DAY: Apple, The iPhone Company