BlackBerry's R&D spending ranked it second in Canada during 2012 and 2013

BlackBerry's R&D spending ranked it second in Canada during 2012 and 2013
BlackBerry CEO John Chen says that his company is now officially a survivor. But even though the manufacturer's future was hanging by a thread last year, BlackBerry spent $1.3 billion on R&D (Research and Development) in 2013. That placed the Waterloo company in second place in Canada for such spending, behind Bombardier. BlackBerry was ahead of other manufacturers such as IBM Canada, Rogers Communications, Ericsson Canada, and Sierra Wireless.

In 2012, BlackBerry spent an even higher amount, $1.5 billion, on R&D. That placed it second, trailing Bombardier like it did the following year.  Most of this spending cannot be attributed to Chen's reign, since the turnaround expert took over in November of 2013 when then sitting CEO Thorsten Heins was removed.

Other wireless companies in the top 25 include carriers Bell Canada (4th, $575 million), Rogers (7th, $394 million) and Telus (21st, $161 million). The R&D spending by BlackBerry is laying the foundation for the future, as R&D dollars are spent on the handsets of tomorrow. Who knows? Some of that $2.8 billion spent in 2013 and 2012 might have helped the company develop its popular enterprise-centric BlackBerry Passport.


source: ResearchInfosource via Crackberry

FEATURED VIDEO

6 Comments

1. paragkarki

Posts: 29; Member since: Nov 09, 2014

looking forward to get that bb passport, Q10 still in my hands.

2. Mxyzptlk unregistered

What do they have to show for it though? It makes no sense to sink that much money when you're hanging by a thread and have nothing to show for it.

3. realjjj

Posts: 375; Member since: Jan 28, 2014

And in 2014 it will be about half that , funny enough that's about as much as Lenovo. So they are doing something very very wrong if all they can ship is 2 mil units in a quater.

4. meanestgenius

Posts: 22239; Member since: May 28, 2014

Looking forward to seeing what innovations BlackBerry can come up with next.

5. SaintHelena

Posts: 397; Member since: Nov 05, 2014

With that much research money spent, and a product that doesn't sell well, bb would be bankrupt in no time.

6. verty

Posts: 132; Member since: May 07, 2012

Some people walk with their heads and their feet. No matter the hate and dumb assertion BB lives on. John Chen you are highly loved. You have brought innovation you have saved jobs you are creating jobs putting smiles on faces........ for that alone I say well done.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.