Peter Kafka

Recent Posts by Peter Kafka

Steve Jobs Spends More Time in the Labs, Less in the Air

Apple spent more time and money making stuff last year, and less time making deals. That’s the conclusion you can draw from Apple’s annual 10-K report filed with the SEC yesterday. The company’s R&D budget ballooned up to $1.8 billion in 2010–that’s up 64 percent from 2008. But Apple’s boss spent less time in the air: CEO Steve Jobs, who uses his personal jet to get around on company business and bills Apple for the expense, racked up a mere $248,000 in plane bills. That’s down 71 percent from two years ago.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work