Amid continuing rumors that it might be building an electric car, Apple revealed that is has boosted its research-and-development spending by $1.5 billion this year.
While Apple is dumping more money into R&D, it’s been able to trim costs in other areas. In its Securities and Exchange Commission filing for the fiscal quarter that ended June 27, Apple lowered its capital-spending projections for the year by 8 percent, which could amount to $1 billion in savings.
