Advertisements
Advertisements

Advertisements

5 Billion Euros on Nokia R&D for 2010

| October 19, 2011 | 22 Replies

Nokia’s spending on R&D have been reported quite a few times before, mainly for the significant expenditure in comparison with the competition.

Advertisements

This startles many wondering, “where is all this money going”.  It should be worth noting that Nokia doesn’t just make phones but also invests in infrastructure (which so far had kept them number 1). Furthermore, Nokia also does actually invent things (not just polish things that are already here) t he only problem is that they do take quite a bit of time getting inventions and innovations to market.

kauppalehti.fi reports that last year, Nokia spent 4.9 BILLION euros in product development. That’s 6.7 Billion US Dollars, making them the 11th largest R&D spender out of all industrial corporations…in the WORLD.

Source: kauppalehti.fi 

Cheers laowaijoha for the tip!

 

Advertisements

Category: Nokia

About the Author ()

Hey, thanks for reading my post. My name is Jay and I'm a medical student at the University of Manchester. When I can, I blog here at mynokiablog.com and tweet now and again @jaymontano. We also have a twitter and facebook accounts @mynokiablog and  Facebook.com/mynokiablog. Check out the tips, guides and rules for commenting >>click<< Contact us at tips(@)mynokiablog.com or email me directly on jay[at]mynokiablog.com