Apple raises its R&D budget by $500 million
This quarter, Apple has increased its research and development budget by $500 million this quarter, which a significant increment over the same period last year.
In just the first six months of its fiscal year, Apple has put some $2.129 billion into its R&D budget, another step above over its $1.599 billion last year. If this rate continues, Apple could put up to a whopping $4 billion into R&D this fiscal year; In a statement found in its quarterly report, published yesterday, Apple had this to say regarding its increase in R&D spending:
The Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company’s core business strategy. As such, the Company expects to make further investments in R&D to remain competitive.