New accounts just published by Apple for its Cork-based subsidiary Apple Operations International, which consolidates the group’s business outside the Americas, are of particular interest to two constituencies: the Irish Exchequer, which relies on Apple as a major corporation tax cash cow; and shareholders in Apple Inc, who have largely depended on profits accumulated in the Irish subsidiary to prop up share price in recent years. There was no major change to Apple Operations International’s top line in the year ended on September 26, 2020. Non-American sales consolidated by the company rose just over 5 per cent to $148.2 billion,…

Want to continue reading?

Get unlimited access to The Currency and The Wall Street Journal with an annual membership – and receive a free, signed copy of Vincent Browne’s new book, Charles Haughey: Glory, Greed and Guns, delivered straight to your door.

Subscribe

Cancel at any time.

Are you already a member? .