Photographs: Brian Snyder/Reuters
While some companies spend hardly any money on innovation, research and development, others invest billions of dollars.
Let's take a look at world's most innovative companies based on research and development spending.
Source: The Financialist
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10 companies spending most on R&D in the world
Photographs: Paulo Whitaker/Reuters
Toyota
Sector: Automobiles
Total R&D spending: $9.9 billion
Global rank: 1
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10 companies spending most on R&D in the world
Photographs: Denis Sinyakov/Reuters
Samsung
Sector: Computing and electronics
Total R&D spending: $9 billion
Global rank: 2
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10 companies spending most on R&D in the world
Photographs: Fabrizio Bensch/Reuters
Microsoft
Sector: Computing and electronics
Total R&D spending: $9 billion
Global rank: 3
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10 companies spending most on R&D in the world
Photographs: Paulo Whitaker/Reuters
IBM
Sector: Computing and electronics
Total R&D spending: $6.3 billion
Global rank: 4
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10 companies spending most on R&D in the world
Photographs: Jorge Silva/Reuters
Sector: Software and Internet
Total R&D spending: $5.2 billion
Global rank: 5
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10 companies spending most on R&D in the world
Photographs: Darren Staples/Reuters
General Electric
Sector: Industrials
Total R&D spending: $4.6 billion
Global rank: 6
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10 companies spending most on R&D in the world
Photographs: Brian Snyder/Reuters
Amazon
Sector: Software and Internet
Total R&D spending: $2.9 billion
Global rank: 7
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10 companies spending most on R&D in the world
Photographs: Lucy Nicholson/Reuters
Apple
Sector: Computing and electronics
Total R&D spending: $2.4 billion
Global rank: 8
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10 companies spending most on R&D in the world
Photographs: Jessica Rinaldi/Reuters
Procter & Gamble
Sector: Consumer
Total R&D spending: $2 billion
Global rank: 9
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10 companies spending most on R&D in the world
Photographs: Rick Wilking/Reuters
3M
Sector: Industrials
Total R&D spending: $1.6 billion
Global rank: 10
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