The chart above shows the quarterly research and development expenses of Apple for 2022 and 2023 in billions of US Dollars. Apple’s research and development expenses have grown by more than one billion in the first two quarters of 2023 compared to the same quarters of last year. While in 2022, the company spent total $26.25 billion on R&D, it has already spent more than $15 billion during the first two quarters of 2023 on innovation.
Quarterly Research & Development Costs of Apple Inc. 2015- 2023
In the first quarter of 2023, Apple spent $7,709 million on research and development compared to $6,306 million in the same quarter of 2022. Again in the second quarter of 2022, the total research and development expenses remained $7,457 million compared to $6,387 million in the same quarter of the prior year.
Apple is a leading technology company with a strong presence in the computing and smartphone industry. As the level of competition in the technology industry has grown, so has the focus of brands on research and innovation. Technology giants including Apple are investing billions to develop new products and services and improve existing ones. Find out from the tables below how much Apple invested each quarter in R&D from 2015 to 2023.
| FY2015 | R&D Costs (Millions) |
| Q1 | $1,895 |
| Q2 | $1,918 |
| Q3 | $2,034 |
| Q4 | $2,220 |
| Total | $8,067 |
| FY2016 | R&D Costs (Millions) |
| Q1 | $2,404 |
| Q2 | $2,511 |
| Q3 | $2,560 |
| Q4 | $2,570 |
| Total | $10,045 |
| FY2017 | R&D Costs (millions) |
| Q1 | $2,871 |
| Q2 | $2,776 |
| Q3 | $2,937 |
| Q4 | $2,997 |
| Total | $11,581 |
| FY2018 | R&D Costs (Millions) |
| Q1 | $3,407 |
| Q2 | $3,378 |
| Q3 | $3,701 |
| Q4 | $3,750 |
| Total | $14,236 |
| R&D costs (mn) | 2019 | 2020 | 2021 | 2022 | 2023 |
| Q1 | $3,902 | $4,451 | $5,163 | $6,306 | $7,709 |
| Q2 | $3,948 | $4,565 | $5,262 | $6,387 | $7,457 |
| Q3 | $4,257 | $4,758 | $5,717 | $6,797 | |
| Q4 | $4,110 | $4,978 | $5,772 | $6,761 | |
| Total | $16,217 | $18,752 | $21,914 | $26,251 |
Related:
- Apple Inc Net Revenue
- Apple Annual Net Income
- Apple Research and Development Expenses (Annual)
- Apple Number of Employees
- Apple Geographic Revenue
- Apple Revenue from the US and China Compared
Apple quarterly R&D expenses 2021 v 2022.
Apple’s total annual research and development expenses increased by 20% in 2022 compared to 2021. Its R&D expenses remained higher for each quarter of 2022 compared to the same quarters of the prior year. In the third and fourth quarters of 2022, the company spent $6.8 billion on research and development compared to $5.7 billion and $5.8 billion in the third and fourth quarters of 2021 respectively.
Apple R&D Expenses 2018 v 2019.
During the first three quarters of 2019, the research and development expenses of Apple Inc grew by around 15% compared to the last year. Nine months ended June 29, 2019, Apple’s R&D expenses were $12.1 billion compared to $10.5 billion during the same period in 2018. Total research and development expenses of Apple Inc were around 14% higher for the fiscal 2019 compared to last year. In 2019, Apple Inc spent $16.22 billion on research and development compared to $14.24 billion in 2018.
Apple is a leading brand of computing products and smartphone devices. Apart from them, it also manufactures and sells a large range of related software, services, accessories and third-party digital content and applications. Its range of products and services includes iPhone, iPad, Mac, Apple Watch, AirPods, Apple TV, HomePod, a portfolio of consumer and professional software applications, iOS, macOS, watchOS and tvOS operating systems, iCloud, Apple Pay and more accessories, services and support offerings. Apple also sales and deliver digital content and applications through iTunes Store, App Store, Mac App Store, TV App Store, Book Store and Apple Music. The company uses a mix of direct and indirect distribution channels for the sales of its products. In 2018, it achieved 29% of its sales through the direct channels and 71% through the indirect channels. Net sales of the company in FY2018 reached 265.6 Billion dollars and Net Income 59.5 billion dollars.
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.