
“As of September 25, 2010, the company had approximately 46,600 full-time equivalent employees and an additional 2,800 full-time equivalent temporary employees and contractors,” the filing said.The substantial increase in the employee strength came at a time when the Steve Jobs-led entity saw its annual revenues soar to $ 65.23 billion.In the year-ended September 26, 2009, Apple had 34,000 full-time employees and an additional 2,500 temporary employees and contractors.Apple’s recruited thousands of employees at a time when many companies worldwide were either trimming their staff strength or going slow on hiring activities.According to the filing, the rise in headcount also pushed its Research & Development (R&D) expenses in the year ended September 25.
“R&D expense increased 34 per cent or $ 449 million to $ 1.8 billion in 2010 as compared to 2009. This increase was due primarily to an increase in headcount and related expenses in current year to support expanded R&D activities,” it noted.Stressing that the company is facing aggressive competition, Apple said that focused investments in R&D is critical to its future growth.


No comments:
Post a Comment