Filed under: Apple Financial
Apple adds staff, boosts R&D spending in FY2008
The Associated Press' Jessica Mintz notes that Apple increased its payroll by 48 percent this fiscal year, with most of the new employees starting at Apple retail stores.
The data came from Apple's 10-K filing, an annual financial document required by law for public companies (Apple has not produced a 'glossy' annual report in several years). A direct link to the PDF is available here. Steve noted yesterday morning that Apple reported sales of $3.3 billion via the iTunes store in the filing.
Apple employed 32,000 full-time employees, and 3,100 temps and contractors as of September 27, up from 21,600 and 2,100 (respectively) a year ago. Of the 11,400 new additions, 8,000 went to Apple's retail segment, while the others started elsewhere in the organization.
The filing also said that Apple spent 40 percent more on research and development this year, compared to 2007: $1.1 billion. Electronista also notes that Steve Jobs was paid $189,000 for the use of his personal jet, a gift from Apple several years ago.
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Reader Comments (Page 1 of 1)
Nathan said 8:27AM on 11-07-2008
Its not just Apple as a company either. I am a computer technician who just got a job with a local high-end Apple consulting firm (with a 66% raise no less). Amidst all of the layoffs in the economy, it is nice to know that Apple is able to stand strong.
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Davis said 9:20AM on 11-07-2008
It is not earnings of $3.3 billion that Apple reported but revenue of $3.3 billion. There is a vast difference between earnings and revenue.
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Robert Palmer said 9:48AM on 11-07-2008
Thanks for that catch -- I've fixed the sentence.
Squid7085 said 2:10PM on 11-07-2008
Apple has been pretty smart, they have placed themselves to survive this economic downturn. I think this Holiday season will be disappointing compared to previous ones, but it appears that Apple is staying profitable. Amazing, seems that some other companies could learn a thing or two from Apple.
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Fritz Laurel said 8:58PM on 11-07-2008
Nice. Apple has to pay Jobs to use the $90M jet they gave him just a couple of years ago.
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a ham sandwich said 5:02PM on 11-10-2008
true, but if im not mistaken, his on the books annual salary is 1$. not that im supporting them giving him all the gifts they do. thats another issue entirely.