Latest in Apple

Image credit:

Apple R&D spending spiked at the end of 2012

Mike Schramm
January 28, 2013
Share
Tweet
Share

Sponsored Links

Apple may be on the top of its game lately, but that doesn't mean the company isn't still looking forward. According to the LA Times, the company from Cupertino has jumped up its research and development spending over the last quarter, by a whopping 33 percent. According to the most recent earnings statement, Apple raised the R&D budget by $252 million to more than $1 billion, which is even higher than the 32% jump in the previous year. Clearly, Apple's got something brewing in the R&D department lately.

But of course, there's no telling exactly what. For its part, Apple says the increased spending is due to "an increase in headcount and related expenses to support expanded R&D activities," and we already know that Apple's making a big push at a new R&D facility in Israel (not to mention that it's following up on R&D opportunities elsewhere as well). Innovation is a huge part of Apple's success so far, and this increase is spending is just another way Apple's hoping to stay on top. Hopefully we'll see the fruits of this investment at some point in the future.

[via Mother Jones]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

LG's rollable OLED TV goes on sale for $87,000

LG's rollable OLED TV goes on sale for $87,000

View
iPhone 12 and 12 Pro review: Apple enters the 5G era

iPhone 12 and 12 Pro review: Apple enters the 5G era

View
Cyberpunk 2077's dialogue was lip-synced by AI

Cyberpunk 2077's dialogue was lip-synced by AI

View
Novation and Aphex Twin's limited-edition Bass Station II embraces the weird

Novation and Aphex Twin's limited-edition Bass Station II embraces the weird

View
Impossible Foods is working on plant-based milk that tastes like the real thing

Impossible Foods is working on plant-based milk that tastes like the real thing

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr