Samsung Electronics was the fourth largest R&D spender globally
Last updated: Nov 29th, 2018 at 14:42 UTC+01:00
According to a written report from PricewaterhouseCoopers (PwC), Samsung Electronics was the fourth-largest R&D spender globally during the one-year period kickoff H2 last twelvemonth. The report, which looked into the R&D spending of the earth'south 1,000 largest public companies, placed Samsung'due south R&D spending at $15.3 billion, netting it the fourth rank for the 2nd year in a row. The Korean giant's investments in R&D went up by half dozen.8% twelvemonth-on-twelvemonth and accounted for 6.8% of the company's sales.
East-commerce behemothic, Amazon, topped the listing with an R&D spending of $22.vi billion, while Alphabet Inc. with $xvi.two billion and Volkswagen with $15.8 billion occupied the next ii spots, respectively. Intel came in fifth with $13.i billion, followed past Microsoft with $12.3 billion and Apple with $11.six billion. The combined R&D spending of all the 1,000 companies in the report stood at a staggering $782 billion – an increase of 11.4% year-on-year.
Samsung Electronics ranked as the sixth most innovative company
The PwC report also includes a list of the world's about innovative companies based on an online survey of 869 CEOs and executives. Apple, Amazon, Alphabet, Microsoft, and Tesla took the top-5 spots on the list, while Samsung Electronics retained its position every bit the sixth most innovative visitor in the world.
Samsung has been consistently ranked every bit one of the R&D top spenders in recent years, with some reports even placing it at the top of the list. The differences in ranking beyond these reports could exist probably due to the research methodology and the time period nether consideration. Though Samsung's investment in R&D sounds impressive, it is worth noting that the company is far more diversified compared to the other pinnacle spenders on the listing.
Source: https://www.sammobile.com/2018/11/29/samsung-electronics-fourth-largest-R%26D-spender/
Posted by: carterreanday37.blogspot.com
0 Response to "Samsung Electronics was the fourth largest R&D spender globally"
Post a Comment