Apple is always interested in the innovation of its products and that's why the company invests a great deal of money the research and development. Apple spent $6.04 billion in fiscal 2014, with $1.68 billion of it being invested the September quarter alone.
Apple's spending was revealed in the compan's latest 10-K filing with the U.S. Securities and Exchange Commission. Here's what Apple said in the filling:
"The Company continues to believe that focused investments in R&D are critical to its future growth and competition in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company's core business strategy. As such, the Company expects to make further investments in R&D to remain competitive."
The previous record of $1.6 billion spent has been set in the preceding June quarter. Overall, R&D spending grew 35 percent from the $4.48 billion Apple spent in fiscal 2013, but research investments remained at 3 percent of the company's percentage of total net sales.
Also, just 2 percent of total net sales, which represents $3.38 billion, was spent on research and development in fiscal 2012. So, if it goes like this, there's a chance that by the end of 2015, Apple will reach double the amount it spent in 2012.