Back in the last week, Samsung announced its quarterly results. Today, the Korean giant announced how much of the income is going back into research and development departments – R&D. According to a report from Yonhap Agency, Samsung spent KRW5.36 trillion (around $4.36 billion). It’s a new record since Samsung’s biggest investment in the category was in 2018 when the company invested KRW5.32 trillion in R&D.
The figure Samsung reported equals 9.7% of its sales in total. It’s a slight increase in the amount of investment made one year ago. According to the Korean firm, it will continue the wave of investments in the segment. Moreover, the company does not expect to see this being affected by the COVID-19 pandemic. Yonhap’s report states that Samsung holds more than 180,000 patents around the globe. Around 5,075 are in South Korea and over 8,700 in the United States.
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It’s natural to see the world’s largest smartphone brand betting high on the R&D department. After all, the company needs to keep pushing ground-breaking technologies in order to keep the customer’s preference over its smartphones. In the past years, the company has been advancing consistently with the arrival of bezel-less displays and high-resolution cameras. The investment is surely paying off, so it seems to be a tendency that will go forward in the coming years.