Investments for Apple Inc. (NASDAQ:AAPL)’s research and development have climbed. Apple Insider reported that the iPhone maker’s research and development increased to $4.5 billion, up from $3.4 billion during the fiscal year 2012. This was uncovered in the company’s yearly Form 10-K that’s filed with the United States Securities and Exchange Commission.
Apple’s investment in R&D
The filing stated, “The Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company’s core business strategy. As such, the Company expects to make further investments in R&D to remain competitive.”
The 10-K filing also reported that thought R&D spending has increased in the past few years, the amount of money spent stayed consistent with Apple Inc. (NASDAQ:AAPL)’s net sales. Interestingly enough, the spending is still a relatively small amount of money. During the end of the September quarter, Apple Inc. (NASDAQ:AAPL) had about $150 billion in cash and $111 billion of that was overseas.
Apple’s capital expenditures
Apple Insider added, “The Cupertino, Calif., company also revealed its capital expenditures for fiscal 2013 were $7 billion. That consisted of $499 million for retail store facilities, and another $6.5 billion for other capital expenditures, such as product tooling, manufacturing process equipment, corporate facilities, and infrastructure. Apple Inc. (NASDAQ:AAPL) disclosed to the SEC that it plans to spend about $11 billion on capital expenditures in 2014. About $550 million of that will go toward retail store facilities, as the Mac maker expects to open about 30 new retail stores and remodel 20 existing stores in the fiscal year.”
The speculation and rumors regarding Apple Inc. (NASDAQ:AAPL)’s future have some people worried, but the good news is that there really isn’t a whole lot to worry about. Apple still takes the lead in tablet and smartphone sales. The tech giant is still trailblazing the tech market and everyone is waiting to see what the company will do next.