It’s no secret that Samsung hasn’t had the best one year or so. Its Galaxy S5 failed to impress the market and the arrival of the Apple iPhone 6 and the iPhone 6 Plus later in 2014 destroyed any chances of a comeback. This naturally meant that the company lost a lot of revenues and had to take necessary steps to adjust the losses. A report even suggested that the company asked employees to work on vacation days to increase workflow.
Despite all this, the company hasn’t cut down on its R&D spendings, a new report says. While it’s natural for a company to try and save money in every area possible, Samsung likes to think otherwise. In fact, the company has only increased its R&D expenditure compared to the last year, in preparation of the Galaxy S6 and the Galaxy S6 Active.
On an average, the company reportedly spends 1.2771 Trillion Korean Won or $1.15 billion every month, which is quite remarkable. As of yesterday (March 8), the company is reported to have spent 15.325507 Trillion Korean Won which is a touch below $14 billion. Will all of this spending turn the company’s fortunes? Only time will tell.
Source: Business Korea
Via: Sam Mobile