Phil Schiller reveals $50 million price tag for WWDC, $18 billion for R&DPhil Schiller is talking about all of the things.
What you need to know
Phil Schiller revealed that Apple spends around $50 million on WWDC every year.
He also says Apple spent about $18 billion on research and development last year.
Running WWDC apparently costs Apple $50 million.
As reported by 9to5Mac, Apple Fellow Phil Schiller testified at the Epic v. Apple trial earlier today and, during his testimony, revealed how much it costs Apple to throw its yearly developer conference. According to Schiller, Apple's Worldwide Developer Conference costs the company at least $50 million a year.
During his testimony, Schiller revealed that it costs Apple around $50 million each year to put on its Worldwide Developer Conference. This likely refers to the in-person version of WWDC rather than the digital version.
This cost is significant per a Protocol report, as Epic has been trying to argue that Apple makes a ton of money off of the App Store. However, Apple points out that Epic...
Source:
Phil Schiller reveals $50 million price tag for WWDC, $18 billion for R&D
