Apple Ramps Up R&D Spending to Record Highs for New Products and Technology
- Apple spent $30B on R&D last year, the highest percentage of revenue in 20 years
- Increased R&D spending on new products like Vision Pro headset and Mac chips
- Investing in AI, machine learning to improve software and competitive moat
- Higher margins from services business, which is fastest growing segment
- Warren Buffett continues holding Apple stock due to strong profits and dividends