Apple is increasing its research and development spending and is now at 3 percent of revenue compared with 2 percent in recent years.
The R&D spending was detailed in Apple's quarterly 10-Q filing with the Securities and Exchange Commission. As Apple's sales have ramped, the company hasn't been able to increase its R&D spending. As a result, Apple's R&D spending as a percentage of revenue was in line with what Dell and Hewlett-Packard spend.
Apple CEO Tim Cook obviously sees the discrepancy. He should, since Cook was a former IBMer. … Read more