Apple Inc
Apple Inc Research & Development
  • Apple Inc annual research & development was $29.92 Billion in fiscal year 2023. The annual research & development Increased $3.66 Billion from $26.25 Billion (in 2022) to $29.92 Billion (in 2023).
    This Increased represents a research & development growth of +13.96% Billion year over year.


  • Apple Inc quarterly research & development was $7.70 Billion in the quarter ending in Dec 2023.
    The quarterly research & development Increased $254.00 Million from $7.44 Billion (in Jul 2023) to $7.70 Billion (in Dec 2023).
    This Increased represents a research & development growth of +3.41% year over year.


  • In the last 5 years from 2019 to 2023 :
    • Highest research & development of Apple Inc was $29.92 Billion in fiscal year 2023.
    • Lowest research & development of Apple Inc was $16.22 Billion in fiscal year 2019.
    • Average research & development of Apple Inc was $22.61 Billion.


  • Explore additional financial metrics for Apple Inc.
  • Check out competitors to Apple Inc.


  • Definition of Research & Development :
    The direct cost incurred by a business towards research and development of an improved or a new product, service, process, or technology is known as the Research and Development Cost. For more details on research & development, examples and formulas, refer to our glossary.
Apple Inc: Research & Development
Apple Inc : Research & Development Details
2023

Apple Inc annual research & development was $29.92 Billion in fiscal year 2023.
Apple Inc quarterly research & development was $7.46 Billion (Apr) , $7.46 Billion (Apr) , $7.44 Billion (Jul) , and $7.44 Billion (Jul) in fiscal year 2023.

2022

Apple Inc annual research & development was $26.25 Billion in fiscal year 2022.
Apple Inc quarterly research & development was $6.39 Billion (Mar) , $6.39 Billion (Mar) , $6.39 Billion (Mar) , and $6.80 Billion (Jun) in fiscal year 2022.

2021

Apple Inc annual research & development was $21.91 Billion in fiscal year 2021.
Apple Inc quarterly research & development was $5.26 Billion (Mar) , $5.26 Billion (Mar) , $5.26 Billion (Mar) , and $5.72 Billion (Jun) in fiscal year 2021.

2020

Apple Inc annual research & development was $18.75 Billion in fiscal year 2020.
Apple Inc quarterly research & development was $4.57 Billion (Mar) , $4.57 Billion (Mar) , $4.57 Billion (Mar) , and $4.76 Billion (Jun) in fiscal year 2020.

Apple Inc : Research & Development (year over year growth)
Apple Inc : Research & Development (Year Over Year Growth) Details
2023

Apple Inc annual research & development Increased +13.96% during fiscal year 2023 compared to 2022.
This represents an Increased in research & development of +$3.66 Billion from $29.92 Billion (in 2023) to $26.25 Billion (in 2022).

2022

Apple Inc annual research & development Increased +19.79% during fiscal year 2022 compared to 2021.
This represents an Increased in research & development of +$4.34 Billion from $26.25 Billion (in 2022) to $21.91 Billion (in 2021).

2021

Apple Inc annual research & development Increased +16.86% during fiscal year 2021 compared to 2020.
This represents an Increased in research & development of +$3.16 Billion from $21.91 Billion (in 2021) to $18.75 Billion (in 2020).

2020

Apple Inc annual research & development Increased +15.63% during fiscal year 2020 compared to 2019.
This represents an Increased in research & development of +$2.54 Billion from $18.75 Billion (in 2020) to $16.22 Billion (in 2019).

Apple Inc: Research & Development - Annual (Tabular)
Period research & development Y/Y Growth
2023 $29.92 Billion 13.96 %
2022 $26.25 Billion 19.79 %
2021 $21.91 Billion 16.86 %
2020 $18.75 Billion 15.63 %
Apple Inc : Research & Development - Quarterly (Tabular)
Period research & development Y/Y Growth
Dec 23 $7.70 Billion 3.41%
Sep 23 $7.31 Billion -2.01%
Sep 23 $7.31 Billion -2.01%
Jul 23 $7.44 Billion -3.46%
Jul 23 $7.44 Billion -3.46%
Apr 23 $7.46 Billion 10.29%
Apr 23 $7.46 Billion 10.29%
Dec 22 $7.71 Billion 14.02%
Dec 22 $7.71 Billion 13.42%
Sep 22 $6.76 Billion -0.53%
Sep 22 $6.76 Billion -0.53%
Sep 22 $6.76 Billion 5.86%
Jun 22 $6.80 Billion 6.42%
Jun 22 $6.80 Billion 6.42%
Jun 22 $6.80 Billion 7.79%
Mar 22 $6.39 Billion 1.28%
Mar 22 $6.39 Billion 1.28%
Mar 22 $6.39 Billion 1.28%
Dec 21 $6.31 Billion 0.00%
Dec 21 $6.31 Billion 0.00%
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