toggle

AAPL Stock: 120.7 ( -0.6 )

Printed from http://www.macnn.com

Apple R&D expenses up 33 percent in March quarter, SEC filing shows

updated 04:13 pm EDT, Wed April 24, 2013

Company cites growing workforce, 'expanded' activities

Apple's research and development expenses grew 33 percent year-over-year in the March quarter, or about $278 million, according to a filing with the US Securities and Exchange Commission found by AppleInsider. Overall spending for the first half of Apple's fiscal 2013 was up over $530 million, representing a 33 percent increase over the first half of 2012. Should Apple maintain higher spending, it could surpass $4 billion in R&D expenses by the end of FY2013.

In the SEC document, Apple explains that the growth in expenses is "due to an increase in headcount and related expenses to support expanded R&D activities," and "critical to its future growth." The company is believed to be working on at least two new product types, namely a smartwatch and a TV. On top of this the company must continue to research technology for Macs, iPhones, iPods, and iPads, as well as peripherals like the Apple TV set-top and AirPort routers.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented