"No Need to Fret, Apple Is Doing Fine."
New York Times
Ping!
The latest Apple/Mac/iOS Pings can be found by searching Keyword "ApplePingList" on FreeRepublic's Search.
If you want on or off the Mac Ping List, Freepmail me
The latest Apple/Mac/iOS Pings can be found by searching Keyword "ApplePingList" on FreeRepublic's Search.
If you want on or off the Mac Ping List, Freepmail me
Yeah, if only it were true.
Apple R&D, property investments reach all-time highs in Q1Wednesday, January 27, 2016, 03:00 pm PT (06:00 pm)In detailed earnings results for the first fiscal quarter of 2016, Apple said it spent more than $2.4 billion on research and development operations, while gross property and related expenditures grew to $51.3 billion.
Artist rendering of Apple's R&D facility in Yokohama, Japan.
According to a regulatory filing issued to the U.S. Securities and Exchange Commission on Wednesday, Apple's R&D expenses grew to $2.4 billion in the quarter ending in December. The sum equates to 3 percent of the company's total net sales for the period, roughly in line with previous quarterly outlays.
Apple attributes continued sector growth to increased employment and related expenses like share-based compensation and material costs. With $1.9 billion spent in December 2014, year-over-year change comes out to 27 percent, below the curve set by full-year expense growth. Total R&D expenses for fiscal 2015 came in at $8.1 billion, up 34 percent from $6 billion in 2014, which itself grew 35 percent from $4.5 billion 2013.
During Tuesday's earnings conference call, CEO Tim Cook said Apple has no intention of scaling back capital commitments to new product research. The company has traditionally held R&D expenses to 3 percent of quarterly sales.
"We're continuing to invest without pause," Cook said during the call's Q&A session. "We have some great things in the pipeline and we very much believe strongly in investing through downturns such as the one that everyone's going through."
Related to R&D, land and building investments grew by almost $775 million since September. By comparison, growth was at $885 million for during the three-month period ending in June 2015 and $444 million in the period prior. Overall land and buildings expenses reached $7.7 billion in the first quarter of 2016, contributing to $22.3 billion in total net property, plants and equipment resources.
Apple is widely rumored to be conducting research into an electric vehicle dubbed "Project Titan," an ambitious undertaking expected to eat up both R&D money and property. Last year AppleInsider learned Apple was using a secret facility in Sunnyvale, Calif., as its base of operations, but the company is thought to be looking at other leased properties as Titan's team expands. Earlier this week, sources told AppleInsider that Titan was in flux as executives attempt to refocus the initiative, potentially leading to the departure of former project lead Steve Zadensky.
Here's more proof:
San Jose council approves agreement for Apple campus in North San Jose
By Ramona Giwargisr
01/26/2016 08:11:07 PMSAN JOSE -- City leaders Tuesday unanimously approved an updated development agreement that clears the way for Apple to begin building its 86-acre campus in North San Jose, a massive undertaking that could bring more than 16,000 jobs to the community.
"Welcome to San Jose," said Councilwoman Magdalena Carrasco. "What can I do to convince you to open a store in Alum Rock?"
The future Apple campus is located on the north side of U.S. 101 near the Highway 87 interchange and stretches along Charcot Avenue to North First Street. With the exception of some existing office complexes, it is a highly-visible piece of land that has been vacant for years.
Roughly 16,000 to 20,000 Apple employees could work at the North San Jose campus if it is fully developed.
(This is an excerpt, read the rest at the San Jose Mercury News.)
