Apple’s annual report: R&D up $952M, 390 retail stores | iLounge News

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Apple’s annual report: R&D up $952M, 390 retail stores

Apple filed its annual 10-K report with the SEC on Wednesday, and the numbers include a significant increase in research and development expenses, growing $952 million—now $3.38 billion from $2.43 billion last year, an increase of roughly 40%. The company now has 72,800 full-time employees, and 390 retail stores averaging $51.5 million in annual revenue. It expects to open 30 to 35 new stores in 2013, “with approximately three-quarters located outside of the U.S.”

The report also reveals that Peter Oppenheimer was appointed Principal Accounting Officer of Apple. Former Senior VP of iOS Scott Forstall’s new position is officially titled Special Advisor to the Chief Executive Officer, similar to a title Tony Fadell was given before he transitioned out of Apple to start Nest.

Apple’s fiscal year ended Sept. 29. The entire report can be read at Apple’s investor website here. [via TheNextWeb]

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