One in every of Apple’s many R&D facilities. (This one is in Japan!)
Photograph: Apple

Apple retains its plans for future releases near its chest, however it nonetheless invests an amazing sum of money on R&D to develop the merchandise that we’ll be shopping for a yr or extra from now.

In a brand new submitting with the U.S. Securities and Alternate Fee, Apple reviews that it spent a whopping $2.94 billion on analysis and improvement over the previous quarter — representing a rise of 6 p.c in comparison with this quarter final yr.

The determine is 6.four p.c of Apple’s quarterly internet gross sales. Whereas inflation would possibly account for a tiny quantity of the elevated spend, there’s little doubt that Apple is investing a bit greater than it did this time in 2016 — in the course of the run-up to the iPhone 7.

What are you constructing, Stark?

Being Apple, after all, there’s no affirmation on what precisely it spent cash on, however there are a variety of tasks we all know Apple is engaged on proper now. The 2 most blatant ones are the iPhone eight era handsets and Apple’s Amazon Echo-rival HomePod good speaker, each of which can debut later this yr.

The corporate additionally reportedly has a whole lot of workers engaged on a standalone augmented actuality headset, which is a know-how Apple CEO Tim Prepare dinner has repeatedly spoken about his pleasure relating to. Apple additionally nonetheless has its Venture Titan Apple Automobile undertaking going, varied cellular well being initiatives within the work, and many has been written in regards to the firm’s “in-sourcing” efforts to convey extra chip improvement in-house.

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In the end, we’re unlikely precisely how Apple’s R&D finances breaks down. However if you happen to’re an Apple fan hoping that the corporate’s bought some nifty new creations within the works, this R&D determine ought to provide you with a little bit of hope.

And hey, Tim Prepare dinner did acknowledge that the rumors about Apple’s upcoming merchandise does kinda assist

throughout yesterday’s earnings name!

Through: Apple Insider

The publish Apple spent near $three billion on R&D within the final quarter appeared first on Apple Act.