Apple spends way less than Microsoft on R&D

Critics who say Apple lacks innovation have a new report to underscore their claims: The iGizmo maker barely cracks the top 50 list of corporate research and development spending.

Apple came in at No. 46 on the European Union's R&D spending report released this week, which ranked the top 2,000 global companies.

Though Apple's lack of groundbreaking new products over the past several years has become a popular subject in the technology world, the company has actually been ramping up its investment in R&D over the last several years. Apple's 2012 ranking is 109 places above the spot it nabbed in the EU's 2004 report.

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