Amazon is the leader in research spending
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Published on: December 10, 2018 / update from: August 10, 2020 - Author: Konrad Wolfenstein
In the ranking of companies with the highest research spending worldwide, the German automobile manufacturer VW has to admit defeat to Amazon. The Internet giant is in first place with $16.1 billion in the last completed fiscal year, followed by Alphabet with $13.9 billion. This emerges from a study by Strategy&, the strategy consultancy of the auditing and consulting group PwC.
Volkswagen had taken first place in the ranking for five years in a row. With 12.1 billion US dollars, the car company is now only in fifth place and has to cede all of the top places to tech companies, as the graphic shows.
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