“To say that Apple had a stellar holiday quarter would be an understatement. For the quarter gone by, Apple recorded just over $18 billion in profits, enough to make it the most profitable quarter in corporate history,” Yoni Heisler reports for TUAW.
“Lest anyone think Apple is easing up on the throttle, the company remains as committed to innovative endeavors as ever,” Heisler reports. “Case in point: the company during its most recent quarter spent more on research and development (R&D) than ever before.”
“In their quarterly earnings report, Apple relayed that it spent $1.895 billion on R&D, up from $1.3 billion during the same quarter a year-ago,” Heisler reports. “Apple’s previous high for R&D expenses clocked in at $1.6 billion during the company’s June quarter.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]