Profits of Apple’s Irish subsidiary will almost hit $70 billion in 2022

The Irish subsidiary ofApple based in Cork is the main register of the enormous profits of the Californian. This was still true last year since the Cork subsidiary recorded operating profits (before tax) of 69.3 billion dollars (63.5 billion euros), i.e. a growth of 2% compared to 2021.

To put it another way, Apple Operations International Ltd. (the Irish subsidiary of Apple and the other subsidiaries) made daily profits of 190 million dollars over the 11 months running until September 24, 2022! Apple Operations International Ltd employs 56,639 people, including more than 6,000 in Ireland. That’s 4,000 more employees than in 2021. This payroll costs Apple $6.33 billion annually. All the same…

The results of the Irish division of Apple show to what extent the Cupertino company now makes a very large part of its profits outside the United States, even if iPhone sales are at their highest in the United States ( Apple holds a 50% market share in the smartphone market there).