5 Largest R&D Companies in the World

2. Apple, Inc. (NASDAQ:AAPL)

R&D spending in FY2022: $26.251 billion

Apple’s annual R&D expenses for 2022 were $26.251 billion, a 19.79% increase from 2021. The research and development expenses for the quarter ending December 31, 2022 were $7.709 billion, a 22.25% increase year-over-year. The company’s R&D expenses represented 6.67% of its total revenue in 2022, up from 5.95% in 2021. It reflects its commitment to innovation and differentiation in a competitive market.