The chart below shows Apple’s expenditure related to research and development over the past 18 years. Apple’s net expenses on research and development have continued to climb while still remaining much lower compared to some other leading players in the tech industry.
In fiscal 2022, Apple spent $26.25 billion on research and development compared to $21.9 billion in 2021. Its R&D expenses in 2022 increased by $4.3 billion compared to the prior.
Apple research and development expenses 2000-2022
Amounts are in $millions.
| Year | R&D expenses ($mn) |
| 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 |
| 2008 | $1,109 |
| 2007 | $782 |
| 2006 | $712 |
| 2005 | $535 |
| 2004 | $489 |
| 2003 | $471 |
| 2002 | $446 |
| 2001 | $430 |
| 2000 | $380 |
2022: Apple Inc. spent $26.25 billion on research and development in fiscal 2022 compared to $21.9 billion in the previous fiscal. Its R&D expenses grew around 20% year over year in 2022. Apple’s research and development expenses in 2022 were around 7% of its total net revenue. Apple had generated $394.3 billion in net sales in 2022. However, Apple’s research and development expenses are still much lower when compared to that of Amazon which spent more than $73 billion on research and development in 2022.
2021: In 2021 Apple spent $21.9 billion on research and development compared to $18.85 billion in 2020. Its R&D expenses were 17% higher in 2021 compared to 2020.Â
2020: Apple’s R&D expenses in 2020 grew to $18.8 billion compared to $16.2 billion in 2019.
The research and development expenses of Apple Inc grew by 14% in 2019 compared to the previous year, rising to $16.2 billion from $14.2 billion in 2018. In 2019, the research and development expenses of Apple Inc were 6% of net sales compared to 5% in 2018.
About Apple Inc:
Founded in 1976 by Steve Jobs and Steve Wozniak, Apple Inc. has its headquarters in Cupertino, California, United States. The company is a leading technology brand and the maker of iPhone, Mac, and iPads. Apart from it, Apple also sells a nice range of wearables and services. The company has experienced solid growth in Net revenue in 2020 compared to the previous year. Its net revenue in 2020 grew to $274.5 billion compared to $260.2 billion in 2019.
Apple’s market cap is higher than $2 Trillion and it is the first company whose market cap exceeded 2 trillion. The company is currently led by CEO Tim Cook.