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Apple: expenditure on research and development 2007-2020

Apple Inc. spent a record 18.75 billion U.S. dollars on research and development in its 2020 fiscal year, increasing by about 2.5 billion from its 2019 total. The company’s massive research and development budget over the years has led to the release of various famous products including the iPhone, iPod, MacBook, and iPad.


Apple Inc.

Since its famous beginning in a garage in California, Apple has grown into a tech industry giant, today holding the title of the world’s most valuable brand. The company released over a dozen new products in 2019, with new generations of its iPhone, Apple Watch, and iPad being released. In addition to its consumer electronics products, the company develops a variety of software packages, applications, web browsers, and more recently, cloud technology offerings. On November 1, 2019, with the official launch of its ambitious Apple TV+, Apple also entered the over-the-top media service market, albeit late to the already competitive game. Apple’s massive range of compatible products and software bring in hundreds of billions of dollars in revenue each year and made it the first public company whose market value reaches the one trillion U.S. dollar landmark.

Apple Inc's expenditure on research and development from fiscal year 2007 to 2020

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Source

Release date

October 2020

Region

Worldwide

Survey time period

2007 to 2020

Supplementary notes

Apple's fiscal year ends in September.

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