Apple annual report: R&D up $1.1 billion

Updated

Apple has filed its annual 10-K report with the SEC, revealing another jump in research and development expenses, among other details. The company spent $4.48 billion on R&D in 2013, a 32 percent increase from last year’s $3.38 billion expenditure. Apple also now has 80,300 full-time employees — last year, the number was 72,800. The report also notes that the company plans on opening “about 30 new retail stores” in 2014, with two-thirds of those stores to be located outside the U.S. The entire report can be viewed on Apple’s investor website.

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.