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Apple War Chest Reaches $82 billion

Apple has nearly $82 billion in cash, marketable securities and cash equivalents according to a form 10-K document filed by the company with the SEC (securities & exchange commission), which provides vital information about the financial health of the company.

The company increased its cash reserves by nearly $38 billion in a single year - despite missing industry targets - and that comes after having spent $2.4 billion on research and development and $4.3 billion on infrastructure such as its data center for the iCloud initiative and investments in its factories.

Other expenses included the purchase of patents from Nortel for $2.6 billion as well as the acquisition of Siri, a startup that provided a critical piece of iOS 5, for $244 million.

Other interesting titbits include the fact that Apple owns or leases 13.2 million square feet worth of building space, that's 145,000 square metres and employs 60,400 full time employees and another 2,900 temporary workers.

That's a 39 per cent increase over its employee headcount in 2010 and a significant portion of these have been for the growing number of Apple stores opening worldwide.

Désiré Athow
Contributor

Désiré has been musing and writing about technology during a career spanning four decades. He dabbled in website building and web hosting when DHTML and frames were en vogue and started writing about the impact of technology on society just before the start of the Y2K hysteria at the turn of the last millennium. Following an eight-year stint at ITProPortal.com where he discovered the joys of global tech-fests, Désiré now heads up TechRadar Pro. Previously he was a freelance technology journalist at Incisive Media, Breakthrough Publishing and Vnunet, and Business Magazine. He also launched and hosted the first Tech Radio Show on Radio Plus.