CryptoWorld News: Apple’s R&D expenditure for the March quarter accounted for 10.3% of revenue, higher than the 7.6% in the previous quarter and the 9% in the same period last year. Despite a 17% increase in sales, the growth rate of R&D spending was twice as fast, increasing nearly 34% compared to the same period last year. Gene Munster, managing partner at Deepwater Asset Management, stated that this move brings Apple closer to the ranks of large tech companies, noting that Google, Microsoft, Meta, and Amazon’s R&D expenditures this quarter grew an average of 29% year-over-year. Munster said, “In artificial intelligence R&D, Apple is catching up with other major tech companies. This phenomenon indicates that Apple has a sense of urgency to launch new AI products.”