Best buy guide: Galaxy Watch 6 or Galaxy S24+. Woo-hoo join SamMobile on WhatsApp or Telegram!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung spent highest amount on R&D despite last year’s troubles

    Phone
    By 

    Last updated: March 9th, 2015 at 14:21 UTC+01:00

    2014 wasn't really a spectacular year for Samsung's mobile division but that didn't stop the company from putting more money into its research and development efforts. Samsung Electronics invested the highest amount of money in its history for R&D purposes, this according to the company's audit report, which revealed that as of March 8th the company's total R&D investments have reached 15.325507 trillion won or just under $14 billion. The monthly average of R&D expenditure comes down to 1.2771 trillion won or $1.15 billion.

    The company's R&D investments have increased 3.7 percent from 14.780432 trillion won or $13.3 billion as opposed to the previous year. This means that Samsung didn't cut down on these investments even though sales decreased. Samsung covered it up elsewhere. It reduced expenses for marketing, advertising and sales from 4.16529 trillion won or $3.7 billion to 3.773649 trillion won or $3.3 billion.

    Via

    Phone Samsung Electronics

    You might also like

    iPhone feels dated as Apple’s sales drop and Samsung rises

    iPhone feels dated as Apple’s sales drop and Samsung rises

    Samsung doomsayers on social media have criticized the Korean tech giant and mobile head TM Roh for the so-called stagnant flagship smartphone design in recent years. If you were to listen to these experts, you would've thought Samsung's end was near. However, two years have passed since Samsung changed its pace and the end is […]

    • By Danny Dorresteijn
    • 1 day ago
    Samsung ramping up efforts to cash in on the AI boom

    Samsung ramping up efforts to cash in on the AI boom

    The AI boom presents a significant business opportunity for Samsung, one of the world's leading suppliers of memory products, as the demand for high-performance memory solutions skyrockets due to their use in artificial intelligence semiconductors. Samsung has already secured billions of dollars worth of deals to supply HBM3E advanced memory chips to companies like NVIDIA […]

    • By Adnan Farooqui
    • 3 days ago
    Samsung profit jumps 933% to $4.8 billion in Q1 2024, beating estimates

    Samsung profit jumps 933% to $4.8 billion in Q1 2024, beating estimates

    Samsung has revealed its financial results for the first quarter of this year, a few weeks after revealing revenue estimates. The company revealed that its revenue rose 13% compared to Q1 2023, while its profit skyrocketed nearly 10x (933%) compared to the year earlier. Samsung's profit jumps nearly 10x in Q1 2024, thanks to strong […]

    • By Asif Iqbal Shaik
    • 4 days ago
    Top-level visits underway as Samsung seeks turnaround in China

    Top-level visits underway as Samsung seeks turnaround in China

    China is an important market and while Samsung once enjoyed a considerable share in the country's smartphone market, it has since fallen to 0%. The company needs to do a lot more than just launch basic phones to revive its fortunes in the lucrative market. Samsung has set up a dedicated team to pursue a […]

    • By Adnan Farooqui
    • 1 week ago
    Samsung and Google tease new AI features

    Samsung and Google tease new AI features

    Samsung and Google have started teasing new AI (Artificial Intelligence) features developed through a partnership that's never been stronger. In a recent social media post on X, both Samsung Mobile and Google's Rick Osterloh confirmed that the two companies are continuing to work together to develop new exciting features. According to these recent teasers, Google's […]

    • By Mihai Matei
    • 1 week ago
    Samsung LATAM wants to recycle nearly 15,000 tons of e-waste in 2024

    Samsung LATAM wants to recycle nearly 15,000 tons of e-waste in 2024

    Samsung will extend its recycling and waste collection efforts to three more Latin American countries. During Earth Day earlier this week, the company announced that it will run its waste collection program in 13 countries instead of 10. Through its extended efforts, Samsung's new goal for 2024 is to collect a minimum of 14,183 tons […]

    • By Mihai Matei
    • 1 week ago