| __timestamp | Nokia Oyj | Telefonaktiebolaget LM Ericsson (publ) |
|---|---|---|
| Wednesday, January 1, 2014 | 2493000000 | 36308000000 |
| Thursday, January 1, 2015 | 2126000000 | 34844000000 |
| Friday, January 1, 2016 | 4904000000 | 31635000000 |
| Sunday, January 1, 2017 | 4916000000 | 37887000000 |
| Monday, January 1, 2018 | 4620000000 | 38909000000 |
| Tuesday, January 1, 2019 | 4411000000 | 38815000000 |
| Wednesday, January 1, 2020 | 4087000000 | 39714000000 |
| Friday, January 1, 2021 | 4214000000 | 42074000000 |
| Saturday, January 1, 2022 | 4550000000 | 47298000000 |
| Sunday, January 1, 2023 | 4327000000 | 51801000000 |
Unlocking the unknown
In the ever-evolving world of telecommunications, research and development (R&D) is the lifeblood of innovation. Over the past decade, two Nordic giants, Telefonaktiebolaget LM Ericsson and Nokia Oyj, have been at the forefront of this technological race. From 2014 to 2023, Ericsson consistently outpaced Nokia in R&D spending, with Ericsson's investment peaking at a staggering 51.8 billion in 2023, nearly 12 times Nokia's 4.3 billion in the same year.
Ericsson's R&D expenditure grew by approximately 43% over this period, reflecting its commitment to maintaining a competitive edge in the global market. Meanwhile, Nokia's R&D spending saw a more modest increase of around 73%, indicating a steady but less aggressive approach. This financial commitment underscores the strategic priorities of these companies as they navigate the challenges and opportunities of the digital age.
Comparing Innovation Spending: Apple Inc. and Telefonaktiebolaget LM Ericsson (publ)
Apple Inc. vs Nokia Oyj: Strategic Focus on R&D Spending
Research and Development: Comparing Key Metrics for Microsoft Corporation and Nokia Oyj
Research and Development Expenses Breakdown: NVIDIA Corporation vs Nokia Oyj
Who Prioritizes Innovation? R&D Spending Compared for Taiwan Semiconductor Manufacturing Company Limited and Nokia Oyj
R&D Spending Showdown: Broadcom Inc. vs Telefonaktiebolaget LM Ericsson (publ)
Research and Development Investment: Broadcom Inc. vs Nokia Oyj
Research and Development Expenses Breakdown: Oracle Corporation vs Telefonaktiebolaget LM Ericsson (publ)
Annual Revenue Comparison: Telefonaktiebolaget LM Ericsson (publ) vs Nokia Oyj
Cost of Revenue Comparison: Telefonaktiebolaget LM Ericsson (publ) vs Nokia Oyj
Who Generates Higher Gross Profit? Telefonaktiebolaget LM Ericsson (publ) or Nokia Oyj
SG&A Efficiency Analysis: Comparing Telefonaktiebolaget LM Ericsson (publ) and Nokia Oyj