R&D Spending At Apple, IBM and H-P

The Wall Street Journal today published an article titled “H-P Wants Its Edge Back.”  An excerpt with regard to R&D spending is notable:

H-P’s R&D spending has been limited among its tech industry peers. Between 2003 and 2010, H-P cut its R&D budget from $3.7 billion to $3 billion, even as revenue rose from $73 billion to $126 billion. In 2011, H-P spent 2.6% of revenue on R&D, while rival International Business Machines Corp. IBM +0.87% spent 5.8%.

By comparison, Apple spends just 2% of its revenue on R&D, according to Technology Review.


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