Samsung spent 14.1 billion USD on research and development (R&D) in 2015
According to Global strategy consulting firm Strategyand, Samsung spent over 14 billion USD on Research and Development (R&D) in 2015, making it the world's second-largest R&D spender after Volkswagen.
Strategyand today unveiled a list of top 20 R&D spenders in 2015. Specifically, the German car manufacturer, Volkswagen stayed on top of the list with 15.3 billion USD spent in R&D, followed by the South Korean giant Samsung with 14.1 billion USD.
According to tech experts, Samsung has been trying to get money from new sectors other than mobile and semiconductor. Last year, Samsung topped Apple to become the world’s No. 1 smartphone manufacturer, and a third of Samsung's total revenue comes from smartphone business, with the rest coming from chips, TVs, and the like. In 2014, Samsung spent over 13.4 billion USD on R&D.
Samsung's main rival, Apple spent 6 billion USD on R&D. This was the highest amount that Apple has ever spent on research and development, making it the number 18 on the list. According to tech experts, Cupertino - based company has been working on its other promising projects like the Apple Car, so that the company can reduce its heavy dependence on the iPhone franchise as its main profit generator.
Samsung has been fighting against the chinese smartphone makers like Xiaomi or Huawei in emerging markets. The South Korean tech company is rumored to focus on budget smartphones this year.