Apple Takes on Microsoft, Meta with Five Times More R&D than Capex
Apple spends 5x as much on R&D as it spends on capex. But, that is only one approach to the AI build-out era.
Apple is spending way more money on research and new ideas than on building factories and equipment—a different choice than some other tech companies make. When you see a company pick research over buildings, it hints they believe clever thinking matters more than physical stuff for their future.
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