What you need to know
- Apple's Irish subsidiary paid nearly $25 billion in dividends to Apple last year.
- That's down significantly on the $81.5 billion it paid in 2020.
- Revenue brought in by Apple Operations International was recorded at $211 billion.
Apple Operations International, the company's main Irish subsidiary, paid $24.8 billion in dividends to Apple last year, according to new filings.
As reported by The Irish Examiner:
The figures reported come from Apple Operations International (AOI) based in Holyhill in Cork, operating as the holding company for nearly all of Apple's non-US subsidiaries. The filings come from the financial year ending September 25, 2021.
According to the report, the dividend has fallen significantly from the 2020 figure $81.5 billion paid in 2020. Apple pays US tax on the dividend.
The filings also reveal revenues at AOI jumped to $211.1 billion up 42% from $148.2 billion the previous year. As the report notes Apple employees some 52,563 employees through AOI including more than 6,000 people in Cork. Profits for AOI also fell to $26 billion down from $70 billion in 2020.
Apple hosted its Q2 earnings call at the end of April, announcing some $89.6 billion in revenue thanks to the success of its best iPhone, the iPhone 13, and new burgeoning Apple silicon products, as well as very strong service revenues. CEO Tim Cook said, "This quarter reflects both the enduring ways our products have helped our users meet this moment in their own lives, as well as the optimism consumers seem to feel about better days ahead for all of us."
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9