Did Apple spend over $5 billion on acquiring intangible assets in 2012?

Yesterday Apple filed its Form 10-K for the financial year 2012 with the SEC. A couple of snippets caught my eye. First of all on R&D we are informed that:
R&D expense increased $952 million or 39% in 2012 compared to 2011 and $647 million or 36%…

Get unlimited access to all IAM content