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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. 2016 was $1,458 Mil. Its research and development for the trailing twelve months (TTM) ended in Mar. 2016 was $5,407 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. 2016 was 1300 (Jun. 2015 ) + 1287 (Sep. 2015 ) + 1362 (Dec. 2015 ) + 1458 (Mar. 2016 ) = $5,407 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||6,107||6,153||6,337||5,820||6,026||6,258||6,302||6,226||5,437||5,247|
International Business Machines Corp Quarterly Data
|Research & Development||1,452||1,402||1,361||1,354||1,320||1,298||1,300||1,287||1,362||1,458|