Hiring Spree in Asia and Other Financial News from Apple
Submitted by Jon Reed on
According to The Wall Street Journal, Apple has been hiring hundreds of engineers and supply chain managers in China and Taiwan, in an effort to support a faster paced product release schedule. With a pair of new iPhones on the way (supposedly), a new iPad, a new Apple TV and the iWatch among others, Apple now has more new products than ever before. The amount of new products, coupled with an increasingly shorter product cycle and a major push into the Chinese market with the China Mobile deal, warrants the hiring spree. Apple now has over 600 engineers and operations staff in China, and a global total of 80,300 full-time employees, up from 72,800 a year earlier.
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Some other notable Apple financial news over the past week:
At Apple's annual shareholder meeting last week, Tim Cook noted that Apple has acquired 23 companies over the past 16 months, and the company's research and