Nokia reveals how much it spends on R&D
Nokia is the world's number one handset manufacturer, and has kept that position for years. Its N-Series smartphones cram in a breathtaking array of technology, and it's now branching out into GPS Sat-Nav phones, location-based services and a wide range of innovative mobile software solutions that combine the best of mobile devices and Web 2.0.
But what does it take for a company to retain the number one position in one of the world's most competitive markets? The answer is an army of Research and Development engineers and a tonne of cash. Nearly a third of Nokia's total workforce is dedicated to R&D: a staggering 21,453 people. More amazing still is the amount Nokia spends on R&D - an almost unbelievable 3.9 billion Euros a year.
The payoff is huge, though. 3.9 billion Euros is an enormous figure, but it's not even ten percent of Nokia's net sales. With figures like that, it's hard to see anyone toppling the company any time soon.
[Source: Nokia Research Center]
