Apple Now Has 132K Full-Time Employees, Spent $14.2B on R&D in 2018 Fiscal Year

Discussion in 'Politics, Religion, Social Issues' started by MacRumors, Nov 5, 2018.

  1. MacRumors macrumors bot

    MacRumors

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    Following the conclusion of its 2018 fiscal year, which ended September 29, Apple today filed its annual Form 10-K [PDF] with the SEC. We've combed through the exhaustive, legalese-rich 72-page report so you don't have to.

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    Highlights:9,000 more employees: Apple has 132,000 full-time employees as of the end of its 2018 fiscal year, up from 123,000 a year prior.
    R&D expenses rose nearly $3 billion: Apple spent $14.2 billion on research and development in its 2018 fiscal year, a nearly 23 percent increase over the $11.5 billion it spent in its 2017 fiscal year.
    Apple continues to execute its share repurchase program: Apple had 23,712 shareholders of record as of October 26, 2018, down from 25,333 as of October 20, 2017. There were 4,754,986,000 outstanding shares of Apple stock as of the end of its 2018 fiscal year.
    Genius Bar expenses are down: Apple's expenses from warranty claims totaled $4.1 billion in its 2018 fiscal year, down from $4.3 billion in its 2017 fiscal year and $4.6 billion in its 2016 fiscal year.
    CapEx to drop: Apple anticipates utilizing approximately $14 billion for capital expenditures during its 2019 fiscal year, down from $16.7 billion in its 2018 fiscal year. The capital is used towards Apple's manufacturing equipment, data centers, corporate facilities, and retail stores.
    Apple snaps up more office space: Apple owned 16.5 million square feet and leased 24.3 million square feet of building space as of September 29, 2018. By comparison, Apple owned 13.4 million square feet and leased 23.0 million square feet of building space as of September 30, 2017.Apple's annual Form 10-K also acknowledges that "international trade disputes" could adversely affect its business, almost certainly referring to an ongoing trade dispute between the United States and China:
    Apple's annual Form 10-K can be viewed or downloaded in a variety of formats from the company's Investor Relations website.

    Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

    Article Link: Apple Now Has 132K Full-Time Employees, Spent $14.2B on R&D in 2018 Fiscal Year
     
  2. DrJohnnyN macrumors 65816

    DrJohnnyN

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    #2
    Impressive numbers. Hopefully magical products are a result!
     
  3. donster28 macrumors 68000

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    #3
    That's where the price increases are going, I guess.
     
  4. justperry macrumors G3

    justperry

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    #4
    Guess so, spending 14.200 million on R&D, that's a lot.
     
  5. ignatius345 macrumors 68020

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    #5
    I always find it clarifying to read financial guidance like this, which tends to cut through the news rhetoric and get to the nitty-gritty. Protectionism ain't great for international business!
    --- Post Merged, Nov 5, 2018 ---
    (I will never get used to the European way of talking about millions and billions.)
     
  6. justperry macrumors G3

    justperry

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    Explain please.....it IS fourteen thousand two hundred million, I explicitly said it this way so it
    becomes clear it's a big FAT number.
     
  7. sw1tcher macrumors 65832

    sw1tcher

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    #7
    When you no longer have Steve Jobs around to come up with product ideas, you gotta spend.
     
  8. ksec macrumors 6502a

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    #8
    I am now starting to think R&D are just a way Apple hide their profits. Apple are earning so much more some of these numbers and their productivity don’t make sense. May be now it is normal, but Steve Jobs era manage to do so much more with so little.
     
  9. neutralguy macrumors 6502a

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    #9
    So many people to write the iPhone throttling software? Because the phone is being made in China .:D
     
  10. Dorje Sylas macrumors 6502

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    #10
    14.2 mill in R&D. So many jokes to be made about heat issues, keyboards, user repair/serviceability, overly thin devices, and more....

    But recycled aluminum shavings. Got that on lockdown!
     
  11. joueboy macrumors 65832

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    #11
    Is this the same close number they claim as their employee even if an employees by their part suppliers like Corning Glass? They've done this I think last year or year before that where Apple claims a huge a huge number that is not Apple employees just to make it look good.
     
  12. lunarworks macrumors 65816

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    #12
    And half of them are working on emoji, if you believe the comments here.
     
  13. timborama, Nov 5, 2018
    Last edited: Nov 5, 2018

    timborama macrumors 6502

    timborama

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    #13
    LOL. If it were only that simple. We’re now seeing the real brilliance of Cook (er, the lack thereof). Where’s this so-called pipeline?!
     
  14. Nozuka macrumors 68020

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    #14
    They didn't release as many new devices every year, as they do now.

    They didn't design their own CPUs.

    And there are many new projects running that we don't know (much) about.
     
  15. Mike MA macrumors 68000

    Mike MA

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    #15
    That's why I stick with Apple products. Apple is investing in R&D heavily and this is what you see in mostly every product introduction.
     
  16. CIA macrumors 6502a

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    #16
    Missing three zeros on the outstanding share count. 4.55 billion, not million.

    Wish is was 4.55 million, my shares would hopefully be worth 100 times more! (Or, Alternatively, the company would have a massive loss of value if it was still ~$210/share and only 4.5 million outstanding shares.
     
  17. rizzo41999 macrumors 6502

    rizzo41999

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    #17
    That R&D pricetag is exactly what Chinese companies don’t want to pay.
     
  18. alwaysbeincontact macrumors regular

    alwaysbeincontact

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  19. zombierunner macrumors 65816

    zombierunner

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    #19
    Apple: Apple spent $14.2 billion on research and development in its 2018 fiscal year.

    Me:
    [​IMG]
     
  20. usersince86, Nov 5, 2018
    Last edited: Nov 5, 2018

    usersince86 macrumors 6502

    usersince86

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    #20
    Shouldn't $14.2B have brought a more cost-effective MBA and Mac-mini, and produced a new MacPro by now? (Among other things...)

    :cool:
     
  21. dogslobber macrumors 68040

    dogslobber

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  22. PracticalMac macrumors 68030

    PracticalMac

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    #22
    "$14.2 billion on research and development"

    I wonder what sekrit projects Apple has?

    I bet even DARPA would be envious.
     
  23. the johnmc macrumors regular

    the johnmc

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    #23
    From what I understand, the confusion comes from the difference in separator characters. In many European countries, a thousand (with two decimal places) is written as 1.000,00. The same number in the US (and other places) is written as 1,000.00.
     
  24. Return Zero macrumors 6502a

    Return Zero

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    #24
    It may be hard to imagine this when seeing these numbers, but last I checked, Apple actually spends significantly less on R&D than Amazon, Google, or Microsoft in common-size terms (percentage of revenue), which is a common way to compare firms. As they expand cloud services, auto software/integration, AR, and other areas, look for this budget to continue to grow.
     
  25. justperry macrumors G3

    justperry

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    #25
    Ah yeah, that's it, cheers.

    I could tell the OP the same, the US system confuses Europeans, and it's not limited to Europeans....;)


    Not funny, as in, that thing wasn't designed in 2018.
     

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