Mobile Review: Apple increases its R&D budget by $500 million

[Bibi Lyra]

Apple's research and development budget was increased by $500 million this quarter, which a significant increase over the same period last year.

In just the first six months of its fiscal year, Apple has put some $2.129 billion into its R&D budget, another step above over its $1.599 billion last year. If this rate continues, Apple could put up to a whopping $4 billion into R&D this fiscal year.



In a statement found in its quarterly report, published yesterday, Apple had this to say regarding its increase in R&D spending:

The Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company