Apple significantly increases R&D budget, headcount – adds over 11,000 new employees since last year

“Apple filed its annual report for the 2008 fiscal year with the SEC today,” Tricia Duryee reports for paidContent.org.

“At the end the year, the company had about 32,000 full-time equivalent employees and an additional 3,100 temporary equivalent employees and contractors. That increased tremendously from the year ago period when the company employed 21,600 full-time employees, and 2,100 temps,” Duryee reports.

“This may have been driven in part by new store openings. The Company opened 50 new retail stores in 2008, bringing the total number of open stores to 247 as of September 27, 2008,” Duryee reports.

“The Company’s R&D budget continues to increase year-over-year. In 2008, it totaled $1.1 billion, increasing 41 percent from $782 million in 2007, which compared to $712 million in 2006,” Duryee reports.

Full article here.

Apple’s complete 10-K filing is here.

27 Comments

  1. Oh stop it with the “Obama” jokes.

    The man is the President Elect of the United States, by a decisive margin.

    You may agree or disagree with the policies and philosophies of President Obama, but he should be shown the respect that the office warrants.

  2. iPhone and Touch iPod are the new Apple “tiny” platform. I’m glad to see them hire more R&D;people.

    On another note, it’s so nice to see Dell squirming uncomfortably and asking some of their employees to “please” take some time off . . . . . without pay. Goodbye low margin PC reseller, dude, nobody wants a Dell!

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