Apple is planning something huge behind the scenes

As per the quarterly earnings statement, Apple has spent USD 4.2 billion on R&D in the quarter ending June 2019. This figure is more than it spent in any three-month period in Apple’s history and R&D accounted for the majority portion of Apple revenue since 2003; a time when the Apple iPad was dominating the tech space.

This new information from CNBC comes at a time when the iPhone is no longer the company’s biggest cash-cow and this huge investment suggest that Apple is hard at work on some unknown projects behind the scenes. As mentioned earlier, Apple has spent USD 4.2 billion on R&D and this amount to 7.9 per cent of Apple’s total revenue. This puts Apple on par to spend over USD 16 billion on R&D this year alone.