Cost of Revenue: Key Insights for Apple Inc. and Garmin Ltd.

Cost of Revenue: A Comparative Analysis of Apple Inc. and Garmin Ltd.

In the ever-evolving tech industry, understanding the cost of revenue is crucial for evaluating a company's financial health. From 2014 to 2023, Apple Inc. and Garmin Ltd. have shown distinct trends in their cost of revenue. Apple, a global leader in consumer electronics, has seen its cost of revenue grow by approximately 90% over this period, peaking in 2022. This reflects Apple's expanding product line and market reach. In contrast, Garmin, known for its GPS technology, experienced a more modest increase of around 75%, with a notable rise in 2023. This suggests Garmin's strategic investments in new technologies and markets. Interestingly, data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting. As these companies continue to innovate, monitoring their cost of revenue will provide valuable insights into their operational efficiency and market strategies.