Apple Research and Development Expenses 2010-2024 | AAPL
Apple annual/quarterly research and development expenses history and growth rate from 2010 to 2024. Research and development expenses can be defined as an expense arising from studies and product development processes.
- Apple research and development expenses for the quarter ending September 30, 2024 were $7.765B, a 6.27% increase year-over-year.
- Apple research and development expenses for the twelve months ending September 30, 2024 were $31.370B, a 4.86% increase year-over-year.
- Apple annual research and development expenses for 2024 were $31.37B, a 4.86% increase from 2023.
- Apple annual research and development expenses for 2023 were $29.915B, a 13.96% increase from 2022.
- Apple annual research and development expenses for 2022 were $26.251B, a 19.79% increase from 2021.
Apple Annual Research and Development Expenses (Millions of US $) |
2024 |
$31,370 |
2023 |
$29,915 |
2022 |
$26,251 |
2021 |
$21,914 |
2020 |
$18,752 |
2019 |
$16,217 |
2018 |
$14,236 |
2017 |
$11,581 |
2016 |
$10,045 |
2015 |
$8,067 |
2014 |
$6,041 |
2013 |
$4,475 |
2012 |
$3,381 |
2011 |
$2,429 |
2010 |
$1,782 |
2009 |
$1,333 |
Apple Quarterly Research and Development Expenses (Millions of US $) |
2024-09-30 |
$7,765 |
2024-06-30 |
$8,006 |
2024-03-31 |
$7,903 |
2023-12-31 |
$7,696 |
2023-09-30 |
$7,307 |
2023-06-30 |
$7,442 |
2023-03-31 |
$7,457 |
2022-12-31 |
$7,709 |
2022-09-30 |
$6,761 |
2022-06-30 |
$6,797 |
2022-03-31 |
$6,387 |
2021-12-31 |
$6,306 |
2021-09-30 |
$5,772 |
2021-06-30 |
$5,717 |
2021-03-31 |
$5,262 |
2020-12-31 |
$5,163 |
2020-09-30 |
$4,978 |
2020-06-30 |
$4,758 |
2020-03-31 |
$4,565 |
2019-12-31 |
$4,451 |
2019-09-30 |
$4,110 |
2019-06-30 |
$4,257 |
2019-03-31 |
$3,948 |
2018-12-31 |
$3,902 |
2018-09-30 |
$3,750 |
2018-06-30 |
$3,701 |
2018-03-31 |
$3,378 |
2017-12-31 |
$3,407 |
2017-09-30 |
$2,997 |
2017-06-30 |
$2,937 |
2017-03-31 |
$2,776 |
2016-12-31 |
$2,871 |
2016-09-30 |
$2,570 |
2016-06-30 |
$2,560 |
2016-03-31 |
$2,511 |
2015-12-31 |
$2,404 |
2015-09-30 |
$2,220 |
2015-06-30 |
$2,034 |
2015-03-31 |
$1,918 |
2014-12-31 |
$1,895 |
2014-09-30 |
$1,686 |
2014-06-30 |
$1,603 |
2014-03-31 |
$1,422 |
2013-12-31 |
$1,330 |
2013-09-30 |
$1,168 |
2013-06-30 |
$1,178 |
2013-03-31 |
$1,119 |
2012-12-31 |
$1,010 |
2012-09-30 |
$906 |
2012-06-30 |
$876 |
2012-03-31 |
$841 |
2011-12-31 |
$758 |
2011-09-30 |
$645 |
2011-06-30 |
$628 |
2011-03-31 |
$581 |
2010-12-31 |
$575 |
2010-09-30 |
$494 |
2010-06-30 |
$464 |
2010-03-31 |
$426 |
2009-12-31 |
$398 |
2009-09-30 |
$358 |
2009-06-30 |
$341 |
2009-03-31 |
$319 |
Sector |
Industry |
Market Cap |
Revenue |
Computer and Technology |
Computer - Microcomputers |
$3450.640B |
$391.035B |
Apple's business primarily runs around its flagship iPhone. However, the Services portfolio that includes cloud services, App store, Apple Music, AppleCare, Apple Pay & licensing and other services which become the cash cow. Moreover, non-iPhone devices like Apple Watch and AirPod have gained significant traction. In fact, Apple dominates the Wearables and Hearables markets due to the growing adoption of Watch and AirPods. Solid uptake of Apple Watch also helps Apple to strengthen its presence in the personal health monitoring space. Apple also designs, manufactures and sells iPad, MacBookand HomePod. These devices are powered by software applications including iOS, macOS, watchOS and tvOS operating systems. Apple's other services include subscription-based Apple News, Apple Card, Apple Arcade, new Apple TV app, Apple TV channels and Apple TV, a new subscription service.
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