
As a % of Revenues, SG&A has increased from 6.6% in 2016 to 7% in 2019.Ģ. SG&A Expenses have increased from $14.2 billion in 2016 to $18.2 billion in 2019. As a % of Revenue, R&D expenses have grown from 4.7% in 2016 to 6.2% in 2019.

R&D Expenses increased from $10 billion in 2016 to about $16.2 billion in 2019 as Apple is likely to be investing in more long-term projects, which may not immediately impact revenues. As a % of Revenues, Cost of Sales has increased from 61% to 62% over the same period.

Operating Expenses: Operating Expenses have increased from $156 billion in 2016 to $196 billion in 2019, driven by $30 Billion Increase In Cost Of Sales $ 6 Billion Increase In R&D Spending, and $ 4 Billion Increase In SG&A Expenses.Ĭost of Sales has increased from $131 Bil in 2016 to $162 Bil in 2019, driven by higher costs of memory and other propriety components.

Non-Operating Expense (Income): -$1.9 billionīelow, we take a look at how the company’s key expense components have trended and the key reasons for the change.ġ.Apple’s Total Expenses Have Increased From $170 Billion in 2016 to $205 Billion in 2019įor 2020, we expect total expenses to stand at $218 billion, which comprises of
