As a percentage of revenue, Apple’s R&D spending is the highest it’s ever been
<p>As shown in <a href="http://investor.apple.com/sec.cfm">Apple's SEC 8-K</a> filing, Apple's R&D spending increased by over 25% year-over-year in its latest fiscal quarter to $2.56 billion. As a percentage of revenue (at 6%) it’s the highest it's ever been. It’s spent $7.5 billion on research for the year, and is on track to outpace last year’s spend, according to its <a href="http://images.apple.com/pr/pdf/q3fy16consolidated-financial-statements_v2.pdf">earnings statement</a>.</p>