Apple Ramps Up R&D Spending, Still Far Less Than Competitors’ [CHART]

Apple ramped up its spending on research and development by nearly $1 billion in the 12 months ending Sept. 29, bringing the company's total R&D investment to $3.4 billion, according to the company's annual 10-K report filed with the SEC on Wednesday. That represents a significant 39% increase from the $2.4 billion Apple spent on R&D in the 2011 fiscal year, though as a percentage of Apple's total sales, R&D spending actually remained flat at 2%. Even so, Apple continues to spend much less on...