Apple Is Ramping Up R&D to Find Its Next Big Product

Apple Is Ramping Up R&D to Find Its Next Big Product

Amid stagnant growth and declining profits, Apple is pouring money into research and development. This story originally appeared on PCMag Apple’s Q3 earnings came with good news and bad news. The tech giant’s services segment continues to grow steadily and helped buoy Apple’s overall revenue growth, but profits dipped more than 12 percent amid declining iPhone sales. Though Apple’s services, wearables, and accessories products are still showing healthy growth, the iPhone has been its cash cow for a decade. As the smartphone market stalls and iPhone sales stagnate , Apple needs a breakthrough technological innovation the likes of which […]

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