The importance of patents and technology innovation
Only a decade or so ago, just having a wireless phone was exciting. Mobile communication today is very different. Cellular is the most impactful technology in the world and more people on earth have access to cellular communication than a bank account. Our innovations have helped enable that transformation.
The industry’s largest patent portfolio
We believe in the importance of patents, and our numbers show it: around 15 percent of Ericsson’s annual global revenue is invested in research and development (R&D), totaling tens of billions of dollars over the past few years. This equates to thousands of years of engineering time each year, by some of the brightest engineers in the world.
Our leading R&D efforts have created one of the largest portfolios in the industry, with over 45,000 granted patents. This generates a return on our investment that enables us to continue our ongoing research in technology innovation.