Profit at Apple’s Irish subsidiary rise in 2023

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Net income for the year was $62.3 billion, up from $58.2 billion in 2022

Apple Operations International is registered at the company’s Holyhill campus in Cork and acts as a holding company for a number of other Apple subsidiaries. Photograph: Michael MacSweeney/Provision

The accounts for the year ended September 30th 2023 indicated revenue at Apple Operations International, which is registered to the Apple campus in Holyhill, Co Cork, fell 1.8 per cent to $218.9 billion from $222.8 billion a year earlier. Pretax income was $71.1 billion, compared with $69 billion in the prior year.Apple Operations International covers most of Apple’s non-US subsidiaries, and is responsible for everything from iPhones and Macs to wearables and services.

Apple’s Irish subsidiary paid dividends of $20.7 billion to its parent company in 2023, in line with the 2022 figure.

 

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