CNBC
US · 3 hrs ago
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Apple's R&D investments top 10% of sales as AI race creates 'sense of urgency'
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Apple has increased its research and development spending to over 10% of revenue for the first time in three decades, with R&D growth outpacing sales growth in the latest quarter, reflecting competitive pressures in artificial intelligence development.
Apple's R&D investments top 10% of sales as AI race creates 'sense of urgency'
Apple’s R&D spending has crossed 10% of revenue for the first time in at least 30 years, and increased twice as fast as sales in the latest quarter.
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