Annual Research and Development Expenses of Apple Inc

Apple research and development expenses 2000-2020

Amounts are in $millions.

YearR&D expenses ($mn)
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

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.