Apple spending

Apple’s $1.6B in Q3 R&D Suggests New Product Categories

Apple has spent 4% of its sales revenue, or $1.6 billion, on research and development during the past quarter, up 36% compared to the R&D spending reported for the same period a year ago. This kind of spending is proof of new products coming, says BTIG Research analyst Walt Piecyck, speaking with the Financial Times....