Pros
Apple's place in the public eye is unparalleled, with lots of opportunities for innovation. iPod, iPhone, the entire Mac line — there's nothing like it in the world. The products can't be beat — if only that were true for the working environment.
Cons
If you like working on exciting, innovative products and you don't mind doing it for free — and you're happy with crappy food and horrible hours — you'll love Apple. Oh, make sure you're under 27 and a guy. As John Rubinstein (a former VP) once said, "Alwyas hire them right out of college. They're cheap, you can feed them pizza, and when they burn we kick 'em out." Apple consistently underpays relative to other major players in the industry. To be fair, they say the salaries are "competitive". Sure, they compete, they just never win.