Galaxy maker Samsung Electronics is reportedly planning to invest $9.3 billion in research and development in the coming year, according to new reports. These new reports may cause arch enemy Apple to rethink how much it spends on research and development.
Apparently, Samsung has taken steps to ensure that its business and portfolio expands way beyond its value today - indeed a well-planned strategy to fend off business rivals such as Apple.
Samsung, the South Korea-based electronics giant, has already spent about $4.5 billion on research and development projects involving mobile devices, semiconductors and software development.
To put things in perspective, compared to Samsung's massive $9.3 billion planned expenditures, iPhone maker Apple spent just over $2 billion in 2010.
Needless to say, if Apple does not come up with a plan to fill this massive gap in R&D spending, the company could end up lagging behind Samsung in the innovation sector at least.
Meanwhile, in an unrelated development, reports addressing Samsung’s alleged interest in acquiring the HP owned WebOS platform is intensifying with every passing day.