Apple spending some of its cash in US Capitol
Apple has a large cash reserve and it's using some of the those funds to lobby Congress. Judging by the money that's passing hands, Apple is taking its lobbying efforts seriously.
In the second quarter of 2011, Apple spent a whopping US$790,000 on lobbying. This is more than double what the company spent in the same quarter of 2010 and up $230,000 from the first quarter of 2011.
Apple is reportedly using this money to influence issues like patent reform, electronic waste, and consumer privacy. You don't need to look too far back in the news cycle to appreciate how these three issues greatly affect Apple and other tech companies.
Patent litigation is out of control with both tech companies and patent holding companies suing each other in court. Tech companies are also struggling to providing personalized, location-based services without compromising customer's privacy.
Subscribe to Newsletter
Software Updatesmore updates
- Ember for Mac gains 'hugely-requested' screen recording feature
- Spotify update adds equalizer, refreshed Artist page and more
- Fantastical 2.1 for iOS adds new snooze, search and notification features
- ExpanDrive 4, more services and faster sync
- Apple adds iTunes Extras to Apple TV
- Spotify updates with new iPhone controls in time for summer BBQs