When it comes to the political efforts of the biggest tech companies in the world, people don’t always pay attention. But underneath all those revenue numbers, stock shares, and new devices, you can find a lot of important information related to lobbying efforts. According to a recent article published by CNN Money, Google Inc (NASDAQ:GOOG) puts out a lot more money than Apple Inc. (NASDAQ:AAPL) when it comes to political spending.
The article goes on to explain that Google actually increased its political spending by 90 percent in 2012. How about Apple? Well, during the same time period the Cupertino-based company cut political spending by 13 percent.
Apple Inc. (NASDAQ:AAPL) Press Info
All in all, Google Inc (NASDAQ:GOOG) spent $18 million on lobbying while Apple Inc. (NASDAQ:AAPL) only parted with $2 million.
If you want to take a closer look at how Apple spent this money, all you have to do is check out its official LD-2 disclosure form.
Rather than sift through all the information, here is a roundup from CNN Money on how the money was spent:
“Taxation (including the repatriation of profits earned overseas) Education (including the use of digital textbooks in schools) Telecommunications (including open Internet and children protection issues) Environment (including electronic waste, Energy Star and EPEAT standards) Trade (including free trade and border issues) Consumer Issues (including privacy protection and the Do Not Track Me Online Act) Investments and the SEC (including implementation of the Dodd-Frank Act) Transportation (including the use of technology in cars and airplanes) Computer Industry (including cybercrime) Appropriations (including government precurement rules) Media (including electronic publishing) Medical (including the regulation of mobile medical devices)”
Do you think Apple Inc. (NASDAQ:AAPL) will spend more on political lobbying in 2013? How about Google Inc (NASDAQ:GOOG)? It will be interesting to see if the gap closes this year.
DISCLOSURE: I have no positions in any stock mentioned.
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