In 2021, Apple’s largest Irish subsidiary had a profit of $ 26 billion

US behemoth’s largest Irish technology company Apple received $ 26 billion this year, down from $ 70 billion in 2020. During the fiscal year, Apple Operations International Limited (AOIL) paid up to $ $ 25 billion to its parent company, Apple Inc., with subject-to-US distributions. According to the latest financial data released, the company and its subsidiaries generated revenue of $ 11.6 billion, up from $ 6.2 billion last year.

$ 8.5 billion of that total is corporate income. The accounts do not publish that amount of tax paid in Ireland and how much in the US. Apple Operations International Limited has a registered address in the European headquarters of the company at the Holyhill Center in Cork. It acts as a retention center for the multidisciplinary management of Apple services outside the US and records its operations around the development, manufacturing and marketing of devices and services.

Statistics show that AOIL recorded average sales in 2021 of $ 211.1, up 42% from the previous year. $ 178 billion of that was spent on products, while $ 32 billion of sales were for services. Sales value rose from $ 90 billion in 2020 to $ 122 billion in 2021. Research and development costs fell to $ 12.5 billion from $ 15.5 billion in 2020. Its target was 42.4%, slightly lower than in the previous year. Total employment across Apple Operations International Limited and its subsidiaries is up to 52,563 regular-time employees, up from 51,255 in 2020. Payments for the period are $ 5.8 billion, up from $ 4.8 billion a year ago Apple currently operates around 6,000 people across many different genres. services in Ireland.

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