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!

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

    Eight years of foam-mouthed anti-Bush fanaticism, and people want to talk RESPECT?!?!

    America has truly gone insane.

  4. @double standard

    You voted for Bush *twice*, didn’t you. I suspect that many of the ~50% who voted for him are now embarrassed to admit it. Those Bush votes were insanity. His sole claim to fame was being Governor of Texas, and he wasn’t very good at that (I lived through it). He won the Presidency the first time using the same underhanded, lowbrow attack-and-hide tactics (probably crafted by Tom DeLay) that he used to become Governor.

    Now before you go off spewing your meaningless ‘liberal’ retort, I am an independent who votes for the candidate, not the party. If the GOP lived up to its legacy of fiscal conservatism, then it might get a few more of my votes. But Republicans under Reagan and Bush caused about $5 or $6 trillion of our current debt (roughly 2/3 of the total), and the free market crashed horribly during both of these administrations due to greed and lack of regulation and oversight. I wish that people like you would go live somewhere else, because your idiotic, tunnel-visioned view of the world has just about ruined this country.

  5. Can someone please explain what, exactly, is an “equivalent employee”? If one employee is twice as good as normal employees, is s/he counted as 2 “equivalent employees”? ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

    Never mind- I guess 2 half-time permanent employees = 1 equivalent employee (even though they’re half-time, they’re not temps). Still, it’s a funny term (and it doesn’t tell you how many people they really employ)…

  6. Bush doesn’t even get respect from his own party. How much stumping did he do with his party’s candidate? He’s been a recluse since his party decided to distance him from the base due to his ways.

  7. With the $100,000 Apple wasted supporting the hateful No on 8 terroristic type organization, they could have paid 2 or 3 Apple Store employees for a whole year! Or could have used it in R&D;to make a non glossy glass screen for the MBPro…..or……….

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