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It wasn't that long ago that people on 'The Street' were mocking Apple for spending so much time on R&D. Bill Gates used to do the same thing.
These folks just don't understand that, historically, Apple is not that intereseted in maintaining a high growth rate. High growth rates have perils of their own. Many a company has been destroyed by efforts to maintain growth rates.
Maintining viability and long-term profitability is more important, and serve responsible stock-holders much better.
LOL...the dinosauer business press is worrying about Apple not coming up with enough innovations. Compare the price per share of Apple and Microsoft to find out what the stock-buying public thinks.
I think to many investors have ADD nowadays. Verizon is having the same problem with getting their FIOS roll out plan sold to the Wall Street crowd. WS can't stand a company that isn't doing things to make a billion dollars profit every day. Long term plans are heresy!
Let's see. Intel is designing Apple's motherboards now, and Apple will only have to maintain two versions of OS X for another couple of years... and these guys are surprised that R&D spending is remaining the same?
Remind me never to listen to these people when I start investing.
