It's literally the opposite of that. They spent billions of dollars on R&D in a new market segment. Just because you cancel the project or decide it's a failure doesn't mean a) you didn't learn anything, b) you didn't get any tech out of it, and c) it's not innovation.
You cannot be innovative if you are not prepared for your efforts to fail. If Apple was "done innovating" they wouldn't be taking massive bets like this at all.
Probably. After all, they're pushing 3bn per quarter and titan presumably lasted a few years. If it was 10% of R&D for 3 years it would be over 2bn according to that graph.
It's literally the opposite of that. They spent billions of dollars on R&D in a new market segment. Just because you cancel the project or decide it's a failure doesn't mean a) you didn't learn anything, b) you didn't get any tech out of it, and c) it's not innovation.
You cannot be innovative if you are not prepared for your efforts to fail. If Apple was "done innovating" they wouldn't be taking massive bets like this at all.