“Apple rumors of an iWatch, a game-changing TV, and magical 3D interfaces persist, fueled in part by CEO Tim Cook’s opaque comments about entering ‘new product categories,'” Aaron Souppouris reports for The Verge.
“But whatever Apple is working on, it’s clearly requiring additional money for research and development,” Souppouris reports. “How much? Apple spent a total of $4.475 billion over the 2013 financial year.”
Souppouris reports, “That’s up 32 percent from last year’s $3.4 billion, and a massive 87 percent from 2011’s $2.4 billion spending.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]