The non-American business of Apple, headquartered in Cork, bucked the trend of stalling profit growth reported by the technology multinational last year and stabilised the income taxable in Ireland after changes to its transatlantic structure since 2020. New accounts for Apple Operations International (AOI), the Irish company consolidating the group’s sales and profits outside the Americas, show that it returned a record $71.1 billion (€67.2 billion) pre-tax profit from slightly declining sales of $218.9 billion in the year ended on September 30, 2023. The 32.5 per cent net margin is the highest returned by AOI since it started filing public…

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