The company, in search of new product categories, has boosted its R&D spending 33 percent for the six months ending March 31.
The company is spending more than ever on research and development, but it's still a small amount compared with most of its competitors.
Apple's spending on research and development continues to rise, but is still dwarfed by that of rival technology companies.
Apple spends more money on patenting stuff than it does on coming up with new ideas, after Steve Jobs vowed to "patent it all."
Proposal provides $140 billion for research and development of technologies such as clean energy, wireless communications, and cybersecurity--a 5 percent increase over 2012.
The message from the PC maker is that it can innovate and be more of a key partner in enterprise IT. So how's it actually doing with its expenditures?
Company's research and development spending as a percentage of revenue has been on the decline for years.
The ARPA-E Summit opens today to tout potential game-changing clean energy technologies and convince Congress to further fund the program. Entrepreneurs say the program helps long-term projects.
Expected to shell out $153.7 next year, China will surpass Japan as the world's second biggest spender on research and development, according to the Battelle Memorial Institute.
Automotive news reports on Lamborghini's efforts to lighten its cars.