Nokia R&D spend outweighs Apple and HTC


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.

Jennifer Scott

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.