Apple (HAM:APC) Research & Development: €34,416 Mil (TTM As of Mar. 2026)


HAM:APC Apple Inc HAM:APC
96 GF Score
Price €262.05
GF Value €238.00
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Apple Research & Development?

Apple HAM:APC -0.08% 96 Research & Development is €34,416 Mil as of Mar. 2026. GuruFocus rates HAM:APC with a GF Score™ of 96/100 and a GF Value™ of €238.00 (Fairly Valued). The stock has 4 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Apple's Research & Development for the three months ended in Mar. 2026 was €9,877 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €34,416 Mil.

Apple  (HAM:APC) Research & Development Explanation

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.

Apple Research & Development Related Terms

Apple Research & Development Historical Data

* Premium members only.

The historical data trend for Apple's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Apple Research & Development Chart

Apple Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,626.90 26,513.51 28,030.36 28,264.37 29,436.60

Apple Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,908.75 7,686.82 7,553.83 9,297.50 9,877.44
HAM:APC
96GF Score
Apple Inc HAM:APC
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apple Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €34,416 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €34,416 Mil mean?
Apple (HAM:APC) has a Research & Development of €34,416 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Apple and its competitors.
Is Apple's Research & Development too high?
Apple's current Research & Development is €34,416 Mil. Overall, Apple has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Apple's Research & Development compare to SONO and VUZI?
Apple's Research & Development of €34,416 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Hardware company?
A good Research & Development depends on the Hardware industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Apple and its competitors. Apple's current Research & Development is €34,416 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple stock overvalued right now?
Based on GuruFocus' analysis, Apple (HAM:APC) is currently considered Fairly Valued. The stock's GF Value™ is €238.00, compared to a current price of €262.05 — trading 10.1% above its estimated fair value. The current Research & Development is €34,416 Mil. Apple's overall GF Score™ is 96/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Apple (HAM:APC), the current Research & Development is €34,416 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apple (HAM:APC) Overvalued in 2026?

Based on GuruFocus' analysis, Apple stock appears to be overvalued. The current stock price of €262.05 is trading 10.1% above its estimated GF Value™ of €238.00. GuruFocus considers Apple to be Fairly Valued.

Key valuation signals for HAM:APC:

  • Research & Development: €34,416 Mil
  • GF Value™: €238.00 vs. price of €262.05 (10.1% above fair value)
  • GF Score™: 96/100 with 4 warning signs

No single metric tells the full story. See the HAM:APC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Apple Business Description

Address One Apple Park Way, Cupertino, CA, USA, 95014
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone accounts for the majority of the firm's sales, and Apple's other products, such as the Mac, iPad, and Watch, are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, such as streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors and works with subcontractors such as Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with the majority coming indirectly through partnerships and distribution.
96GF Score

Get the complete analysis for HAM:APC

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€262.05
Price
€238.00
GF Value