Nokia R&D spend outweighs Apple and HTC

The Finnish phone manufacturer may invest more than its competitors but the results don’t stack up.

R&D

Nokia invests more into research and development than Apple and HTC combined, new analysis has shown.

A report from Bernstein Research showed the company spent $3.9 billion (2.4 billion) on developing new products almost three times the average of its competitors.

HTC invested the least in R&D less than $500 million whilst Apple was second from bottom at around the $800 million mark.

However, despite the heavy investment in future offerings, Nokia's results still left a lot to be desired when they were announced last week.

The figures showed profits fell by 26 per cent compared to the same quarter the year before and a decline in shipments of three per cent.

A lot now rests on recently appointed chief executive Stephen Elop who, whilst positive about the company, accepts the need for a new approach.

"Nokia faces some significant challenges in our competitiveness and our execution," he said. "In short, the industry changed, and now it's time for Nokia to change faster."

Nokia has confirmed a press conference for the upcoming Mobile World Congress so expect to see some of the fruits of the excessive R&D labour in the coming weeks.

Featured Resources

BCDR buyer's guide for MSPs

How to choose a business continuity and disaster recovery solution

Download now

The definitive guide to IT security

Protecting your MSP and your customers

Download now

Cost of a data breach report 2020

Find out what factors help mitigate breach costs

Download now

The complete guide to changing your phone system provider

Optimise your phone system for better business results

Download now

Recommended

Nokia's Digital Automation Cloud will power WEG's Industry 4.0 project
automation

Nokia's Digital Automation Cloud will power WEG's Industry 4.0 project

26 Apr 2021
Nokia agrees 5G cloud deals with AWS, Azure and Google
5G

Nokia agrees 5G cloud deals with AWS, Azure and Google

16 Mar 2021
Nokia to cut 10,000 jobs in bid to boost R&D funds
Careers & training

Nokia to cut 10,000 jobs in bid to boost R&D funds

16 Mar 2021
Nokia partners with Hiya to stop spam calls
scams

Nokia partners with Hiya to stop spam calls

27 Jan 2021

Most Popular

KPMG offers staff 'four-day fortnight' in hybrid work plans
flexible working

KPMG offers staff 'four-day fortnight' in hybrid work plans

6 May 2021
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

29 Apr 2021
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

30 Apr 2021