In recent years, Apple spent relatively little revenue on research and development for new products, as the iPhone and iPad were just hitting their strides during that time. But after a few years without Apple entering any new product categories, the company announced during its quarterly earnings report on Tuesday that it’s spent a record amount of capital on R&D this year — $US1.6 billion, according to Apple Insider — hinting at new products that may be on the horizon.
According to data from research firm BTIG charted for us by Statista, there were similar R&D spikes around 2006 and 2008, which preceded the launches of the iPhone in 2007 and iPad in 2010. This year, Apple will reportedly launch two larger iPhone models with 4.7- and 5.5-inch screens, as well as the company’s first smart wristband, which may be called iWatch or iBand.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.