Samsung has passed well through the Coronavirus pandemic, the company registering surprisingly good revenues so far, but also profit for the mobile phone division, although it sold less than last year. Despite the fact that phone sales have fallen, as in the case of other products, those from Samsung made a surprising decision, more precisely they invested no less than 10% of the receipts for Q1 2020 in research and development.
Samsung allocated approximately 4.36 billion dollars for research and development in the first three months of 2020, which is a record for the Korean company until now. The previous record set by Samsung in terms of investments in research and development is not that far, the difference being a small one, but the fact that such a decision is taken in a period like this shows the company's confidence in its products its.
Samsung: The UNUSUAL decision from the Coronavirus Pandemic
Samsung invested more money in research and development in the last year than in the previous year, this being another important record for the company, wanting to bring as many innovations as possible to its products. Normally, companies avoid making large investments in research and development in periods like this, but Samsung seems to want to follow a completely different trend, and invests to ensure that it will have good products in the future.
"Samsung Electronics Co, the world's largest maker of memory chips, said on Monday it spent $4,36 billion on research and development activities in the first quarter of the year. The first-quarter figure equates to 9,7 percent of the South Korean tech giant's January-March sales, compared with 9,6 percent a year earlier."
Samsung is a company that develops many products annually and that registers many patents with which it tries to bring as many innovations as possible to its products. Investments in research and development help Samsung to do all these things, and the record set in the midst of the Coronavirus pandemic confirms the fact that now the company is thinking about its future, but also about its products, so we can expect great things in the future.
Samsung it should be a point of reference for many other companies that should invest much more in research and development at the moment.
