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This is the expense the company spent on research and development. International Business Machines Corp's research and development for the three months ended in Mar. 2015 was $1,298 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2015 was $5,429 Mil.
This is the expense the company spent on research and development.
International Business Machines Corp Research & Development for the trailing twelve months (TTM) ended in Mar. 2015 was 1457 (Jun. 2014 ) + 1354 (Sep. 2014 ) + 1320 (Dec. 2014 ) + 1298 (Mar. 2015 ) = $5,429 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
International Business Machines Corp Annual Data
|Research & Development||5,842||6,107||6,153||6,337||5,820||6,026||6,258||6,302||5,743||5,437|
International Business Machines Corp Quarterly Data
|Research & Development||1,580||1,644||1,548||1,356||1,452||1,402||1,457||1,354||1,320||1,298|