“Apple spent $3.4 billion in research and development during its 2012 fiscal year, up $1 billion from 2011,” Darrell Etherington reports for TechCrunch.
“The new R&D spending total for the year is… an increase that's much larger than at any time in the company's past,” Etherington reports. “Between 2011 and 2010, for instance, R&D spend rose only $600,000, and between 2010 and 2009, grew by only $500,000.”
Etherington reports, “The huge uptick in R&D spending could... mean Apple has a lot more in new products coming next year, but we'll have to wait and see.”
Read more in the full article here.