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Apple goes crazy in ad spending in 2010 - even Don Draper is impressed

Apple spends a hefty sum on advertising - yet makes more money than ever.

| Business, Financial & Legal News | Posted: Oct 28, 2010 12:02 am

Apple's fiscal 2010 report is out (10-K form) - the document is filled with information and details on the state of Apple's business - one big flashing light is just how much Apple spend on advertising in 2010.

 

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In previous years, Apple spent $467 million in 2007, $486 million in 2008, $501 million in 2009 and this year Apple have spent an astonishing $691 million on advertising alone - a $190 million increase from last year alone. Even more surprising, Apple is continuing their trend of lowering the percentage of revenues spent on advertising.

 

While $691 million is a lot on advertising - keep in mind Apple had total revenues of over $65 billion - this equates to around 1 percent of their revenue, spent on advertising. Last year, that percentage was 1.37 and in 2007 it was 5 percent.

 

Apple may be spending more on advertising, but they're making much more money, quicker - which means the overall amount they spent on advertising isn't really inflating as their revenue is making leaps and bounds over it.

 

To put it in perspective - Microsoft spent half of that on advertising, last year - and it's less than Dell spent last year too.

 

Have they hired Don Draper and the boys at Sterling Cooper? Love that show to bits.

 

NEWS SOURCES:Techcrunch.com

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