Apple R&D dumps billions into Cupertino’s secret projects

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Apple research and development
Apple research and development spends oodles of cash on secret projects.
Photo: Pexels

Apple’s spending on research and development of new products keeps growing. The company’s R&D spending  increased by hundreds of millions in the second quarter of this year, totaling more than ever before.

But where is all this money going? Some of its R&D projected are obvious, but others the company tries to keep secret.

Apple R&D seems stingy in face of massive revenues

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Apple raked in the cash last quarter.
Apple R&D spending would have to double to match some of its competitors.
Photo: Jim Merithew/Cult of Mac

Apple spent a whopping $12.7 billion on research and development last year. And $51 billion since Tim Cook became CEO. But one analyst says that might not be enough.

The company actually spends less on R&D as a percentage of the money it takes in than many of its competitors. About half as much.

Apple will open two additional R&D centers in China this year

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Apple-Store-Shanghai
Shanghai will be home to one of them.
Photo: Apple

Apple has confirmed plans to open two additional research and development centers in China this year.

The centers in Shanghai and Suzhou will focus on developing technical experts for its local supply chain, and attracting graduates from universities like Peking University, Tsinghua University, and Shanghai Jiaotong University.