Cost of Revenue: Key Insights for Apple Inc. and Nokia Oyj

Cost of Revenue: A Comparative Analysis of Apple Inc. and Nokia Oyj

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. has consistently demonstrated a robust cost of revenue, peaking in 2022 with a staggering 223 billion USD, marking a 99% increase from 2014. This reflects Apple's strategic investments in production and supply chain efficiencies. In contrast, Nokia Oyj's cost of revenue has remained relatively stable, averaging around 13 billion USD annually, with a notable peak in 2016. This stability suggests a more conservative approach to cost management. Interestingly, data for 2024 is incomplete, highlighting the dynamic nature of financial reporting. As the tech landscape continues to shift, these insights offer a glimpse into how two industry giants manage their financial strategies.