360° Coverage : Apple Drastically Increased R&D Expenditure in 2013

Apple Drastically Increased R&D Expenditure in 2013

Apple's research and development investments in 2013 jumped to $4.5 billion, the highest-ever amount spent in one year

Nov 2 2013, 1:38pm CDT | by

Apple Drastically Increased R&D Expenditure in 2013
Photo Credit: Getty Images

Apple filed on Wednesday with the U.S. Securities and Exchange Commission its annual 10-K Form. One piece of information that came out of it was the amount Apple spent for the research and development. The sum filed was $4.5 billion, a serious increase from $3.4 billion in 2012 and $2.4 billion in 2011.

Apple mentioned in the form that the amount spent for R&D stayed pretty consistent with the company's net sales, which have also significantly grown.

The growth in R&D cost was apparently driven by a large personnel increase and related expenses necessary to support the expansion. As Apple noted in the filed document, the company believes that R&D investments are crucial to its growth and marketplace position. It is further noted that the R&D expenditure is directly related to the development of new and improved products central to the Apple's core strategy.  Further R&D investments are vital in order to remain competitive.

Actually, Apple is spending a relatively small amount considering its total cash position. As of the end of the third quarter, Apple had almost $150 billion cash available, about $111 billion overseas.

Apple also revealed that its 2013 capital expenditures were about $7 billion:  $499 million for its retail stores, and $6.5 billion for different other capital costs such as different product tooling, equipment for manufacturing process, infrastructure and corporate facilities.

As it informed the SEC, Apple is planning on spending more than $11 billion on capital expenditure in 2014. About $550 million will be spent for retail stores, a great part of that amount for about 30 new planned stores and 20 existing stores’ remodels.

Other interesting facts revealed in the Apple’s 2013 10-K were: Apple currently has 24,710 shareholders and about 80,300 full-time employees, about 42,800 of them working in the retail. The company owns or leases almost 19.1 million square feet of space, mostly in the U.S. Apple owns 1,428 acres of land in different locations. In 2013, Apple paid in total $10.5 billion in dividends, compared to $2.5 billion paid in 2012.

Source: Apple Insider

 
 
 

<a href="/latest_stories/all/all/25" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.

 

blog comments powered by Disqus

Latest stories

Apple Pay has successful Black Friday
Apple Pay has successful Black Friday
Payment system gearing up for Christmas
 
 
Apple to stop iPhone 5C production
Apple to stop iPhone 5C production
Middle of 2015 is target date
 
 
Apple tops Android on Black Friday
Apple tops Android on Black Friday
iOS accounts for more online mobile sales
 
 
All Cyber Monday Sales
All Cyber Monday Sales
Cyber Monday 2014 is here and all sales and deals are available now. Find below the best Cyber Monday Sales events.
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla