Apple’s Incredibly Efficient Growth

Steve Cheney analyzes Apple’s R&D expenditures and acquisition pace:

Organic growth is the term coined for growing internally, not via merger or acquisition. Apple has embraced this strategy over its existence, averaging only about 1 acquisition per year during the past 25 years. In contrast — during the past four years alone — Microsoft bought 45 companies, Google 40, and Cisco 30.

Microsoft spent seven times as much as Apple on R&D over the past four years.

★ Monday, 24 May 2010