For the search of the next big things Apple Inc (NASDAQ:AAPL) is continuously spending on research and development after it sales stabilized. Company declared in a conference call covering the quarterly report and stated that Apple invested $2.56 billion on research and development operations.
However, in the third quarter of last year spending on research and development surpassed $2.03 billion. Apple Inc (AAPL)’s emphasis on future products has resulted in an expense of $7.48 billion whereas, it was $5.85 billion last year.
Technology companies have to be competent to a cutting edge by delivering innovative products and services therefore, Apple Inc spending on R&D, as one of the leading tech firms, should not be a surprise. And tech sector always has a higher research and development cost than other sectors.
The tech gaint is not revealing its future plans as usual but in a yesterday’s conference call CEO Tim Cook gave some signals about where the company is heading. According to Tim Cook, Apple’s investment in Chinese Uber competitor Didi Chuxing, will give valuable standpoint on the vital Asian market.
Investments in the Augmented Reality Technology are also confirmed by the Tim Cook stating that it has huge potential whereas it might not be a upcoming computing platform. Apple Inc (AAPL) is supposed to be setting apart capitals for near-term consumer AR products, especially apps and app development, not AR/VR hardware like products presented by Alphabet Inc and Facebook.com.
Apple Inc’s First Store in Singapore to be Open in November:
According to the reports, Apple Inc (NASDAQ:AAPL) is planning to open its first store in Singapore this November. on Wednesday (July 27) a dedicated Apple news site 9to5Mac, along with other news sites, stated the expected date of completion to be Oct 31. My Apple Singapore, local Apple blog, also reported in a post that the construction work has made a huge progress.
Financial Trading Review:
In the last trading session, Apple Inc.(NASDAQ:AAPL) surged +6.50% and ended the day at $102.95. Stock is currently trading above its 50-day moving average of 97.40 and 200-day moving average of 99.28.