Percentage wise it is still the least of all tech companies. Timmy likes to milk his loyal followers and whispers about privacy. Behind closed doors he laughs and count the beans with his fellow shareholders. It’s time they focus on products again!
Alphabet and Meta lead the surge in R&D spending, evident in the growth of the top 10 spenders in the 2023 Scoreboard, particularly post-COVID-19 (Figure 3). These companies at the forefront of the R&D investment ranking continue to significantly and consistently boost their R&D activities. With a 36% increase year-on-year, Meta was the largest contributor to R&D growth in 2022 overall. The R&D investment of Alphabet and Meta together correspond to 75% of the total increase in the Software and computer services sector. Microsoft, Apple, and Huawei similarly demonstrate substantial R&D growth over the past years. While Volkswagen, Samsung Electronics, Intel, Roche, and Johnson & Johnson also show consistent R&D investment growth, their additions are less dramatic compared to Alphabet and Meta.