Apple spending on research and development is constantly growing. Last year the company spent on secret projects is much bigger than before. It is reported by Cult of Mac.
Innovation is very important for the Apple business. From April to June of 2018, the Corporation has spent on research is $ 3.7 billion. For comparison, over the same period in 2017 new projects to cost Apple $ 2.9 billion, and in 2016 — $ 2.6 billion. Thus, for two years, funding for this activity increased by 42%.
In just the last 12 months, Apple spent on research of $ 13.4 billion, which is 20% more than in previous years.
However, the innovations cost the company from Cupertino is cheaper than the closest competitors. Microsoft has invested in the development of 3.9 billion dollars for the third fiscal quarter of 2018 and 14.7 billion dollars last year. Google has spent on new projects of 5.1 billion dollars in the last quarter and 18.6 billion for the previous 12 months.
Many analysts hope that the increased funding will help Apple to market before the end of 2018 not only three new models of the iPhone, but an updated iPad, and Apple Watch Series 4, the long-awaited wireless charging AirPower. All these developments require large investments.
At the same time, Apple remain in operation several projects, about which almost nothing is known. The network sometimes leaked news about the success of the testing of Autonomous cars and virtual reality headsets. But, most likely, the Corporation has there are a few more top secret developments.