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R&D Spending At Apple Boosted In Product Hunt

R&D Spending At Apple Boosted In Product Hunt

Apple’s spending on research and development leapt by a third in the past year, reaching its highest level relative to revenues since 2007, the year the iPhone was released


Apples investment increases in new product development seem to have appeared after some of Apples best product launches in years including the iPhone 6, iPad Air 2, iOS 8 and Apple Pay.

Apple published an annual report on Monday that stated its R&D spending costs were $6 Billion which is 3.3% of their total revenues and up from $4.5bn last year.

These figures match the R&D spending figures which Apple released in 2007 however its clear that its budget has grown sevenfold since then.

Apples capital expenditure has also leapt in the past year from $7bn to $11bn and there are predictions that this will rise to $13bn in 2015.

Tim Cook has also been talking with Alibaba executives in a bid to bring Apple pay to the giant chinese company which recently floated on the New York Stock Exchange in one of the largest IPO’s in world history.

Mr Cook also made note of the steps Apple is making to ensure product security and claimed that security would become as tight as Fort Knox.



SourceFinancial Times

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