Tech Companies Spend More On R and D Than Any Other Industry

Which tells us something about the future
of the economy. JL


Rani Molla reports in Re/code

:

Led by Amazon, Alphabet, Intel, Microsoft and Apple, tech companies spent more on research and development than any other companies in the S&P 500 that reported such data. spending on R&D is another factor in measuring productivity.

Tech companies lead top U.S. companies in R&D spending.

That’s notable because spending on research and development is a key indicator for U.S. productivity, a measure of how well our economy is doing, and productivity has been decreasing lately. No one is really sure why, especially given all the advances in technology.

But spending on R&D is another factor in measuring productivity, and tech companies are certainly contributing in that area.

Led by Amazon, Alphabet, Intel, Microsoft and Apple, tech companies spent more on research and development than any other companies in the S&P 500 that reported such data, according to FactSet data from the most recent fiscal year. Amazon spent $16.1 billion on R&D last year, a figure that should strike fear into its competitors, as these investments could make the online retailer even more dominant.