Instagram's User Loss?: Bloomberg West (12/28)

Dec. 28 (Bloomberg) -- On today's "Bloomberg West," Bloomberg News reports on innovation, technology, and the future of business. (Source: Bloomberg)

Apple Only Spends 3.5% of Revenue on R&D
15:48 - Compared with its resources, Apple has remained relatively quiet. It spent just 3.5 percent ($8.1 billion) of its $233 billion in revenue in fiscal 2015 on research and development, a lower percentage than every other large U.S. technology company, data compiled by Bloomberg show. Bloomberg's Mark Milian reports on "Bloomberg Markets." (Source: Bloomberg)
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