The amount of money going into R&D at Apple shows the company is developing products in several new categories, the analysts write.
Apple is investing heavily in new product development, Bank of America analyst Wamsi Mohan said in a note distributed on Thursday.Patents show that Apple is working on technologies in wearables, fitness and health.
The amount of money going into R&D in Cupertino shows that Apple is spending heavily both to fend off new technologies which could threaten its dominance in smartphones and tablets, as well as investing in technologies that could help the iPhone maker enter into new product categories, such as wearables, fitness and health.
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