A steep rise in Apple's R&D spending points to a big new project underway

From Business Insider:

Apple is rumored to be working on its own electric vehicle.
Although Apple never confirmed the reports, a steep rise in research & development spending points to some kind of big new project. Independent Apple analyst Neil Cybart thinks something in the auto industry is likely.
Based on Cybart’s data, charted for us by BI Intelligence, Apple is now spending nearly $2 billion per quarter on R&D, a staggering amount considering its lean product lineup. Apple’s quarterly R&D expense went up $500 million from the previous year, higher than the $200-$300 million quarterly increase Apple spent while developing the Watch. Apple’s R&D cost relative to total sales has also bounced back in recent years.

http://www.businessinsider.com/apple-rd-expenditure-increase-2015-5




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