A new data gathered by PwC covers the financial year ending on June 30, 2019. The list is quite interesting, and we have got Amazon, Alphabet, Volkswagen, Samsung, and Intel as the top five companies in terms of research and development spending.
We are not surprised to see Amazon to top for the second year in a row. The company has put $22.6B on R&D. Also, Google’s Alphabet parent company is second with $16.2B. Samsung retains its position at the number four with $15.3B in R&D spending, and Intel is at number five with $13.1B. Interestingly, Microsoft is not the first with $12.3B and Apple with $11.6B.
Note that the top 1000 public companies spend a mountainous $782B in R&D in 2018. It’s pleasant to see 11.4% over 2017. Also, it is worth mentioning that Computing, Electronics, Software, and Internet were the top sectors that spent the highest among the other industries.
Also, Facebook has spent o $7.8B on R&D. It is a 31% over the last year, and the company may put more research in the further years. Amazon is also burgeoning with leaps and bounds and its R&D spending compared to 2017 – an increase of 40.6%.