The public expects Apple to churn out innovative products each year, or at least updated versions of their existing productions with a few innovations here and there. Surely this can not be achieved without substantial investment being made into research and development. It has been discovered through Apple's annual Form 10-K filing with the Securities and Exchange Commission that the company's R&D expenses were up 32 percent this year. Apple has spent $4.5 billion on research and development alone this year, that almost the amount for which BlackBerry, an entire company, is likely to be sold.
Ubergizmo , Apple Spent $4.5 Billion This Year On R&D, Apple Spent $4.5 Billion This Year On R&D
