Apple hires 12,600 people in one year | World News - Hindustan Times
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Apple hires 12,600 people in one year

PTI | By, New York
Oct 31, 2010 12:08 PM IST

iPhone maker Apple increased its headcount by 12,600 employees for the year-ended September, as the technology giant strengthened its research and development activities, the company said in a recent regulatory filing.

iPhone maker Apple increased its headcount by 12,600 employees for the year-ended September, as the technology giant strengthened its research and development activities, the company said in a recent regulatory filing.

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Well known for its innovative product lines -- iPhones, iPods, Mac computers and iPad -- Apple saw its headcount rise 34 per cent to 49,400 in the year ended September 25. In the comparable period, the same was at 36,800.

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"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.

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