SG&A Efficiency Analysis: Comparing Apple Inc. and STMicroelectronics N.V.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of technology, Apple Inc. and STMicroelectronics N.V. stand as titans, each with its unique approach to managing Selling, General, and Administrative (SG&A) expenses. Over the past decade, Apple has consistently demonstrated a robust growth trajectory, with SG&A expenses surging by approximately 117% from 2014 to 2023. This reflects Apple's aggressive expansion and marketing strategies. In contrast, STMicroelectronics has maintained a more conservative growth, with a 75% increase in SG&A expenses over the same period, highlighting its focus on operational efficiency. Notably, 2024 data for STMicroelectronics is missing, suggesting a potential shift or anomaly in reporting. This comparative analysis underscores the strategic differences between these industry leaders, offering insights into their financial stewardship and market positioning.