The production line at Apple's Cork factory in Ireland. Photo: Apple
The production line at Apple's Cork factory in Ireland. Photo: Apple
The production line at Apple's Cork factory in Ireland. Photo: Apple
The production line at Apple's Cork factory in Ireland. Photo: Apple

Apple's Irish subsidiary profit rises to $69.3 billion


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Apple's main Irish-registered company made pre-tax profits of $69.3 billion last year, as its income soared to $222.8 billion, company filings show.

The pre-tax profit reported by Apple Operations International and its international subsidiaries surpassed the $67.7 billion recorded a year earlier. That group of Apple companies incurred operating expenses of $26.9 billion in the year ending last September.

The group paid dividends of $20.7 billion to its parent company Apple, down from $25.3 billion a year earlier.

The iPhone maker has had a presence in Ireland since 1980 and has grown into one of the country’s largest employers.

The group’s average number of full-time employees in 2022 was 56,639, about 4,000 more than in 2021.

In May last year, Apple said it planned to expand its Cork campus in Ireland with the construction of a new building to accommodate about 1,300 workers.

It has also faced controversy over its tax arrangements in the country after the European Commission ordered it to pay €13.1 billion ($14.3 billion) in taxes to the Irish state, a decision that was later annulled but is being appealed.

An adjusted amount of €12.7 billion, excluding interest, is funded into escrow and is pending the conclusion of all legal proceedings, Apple said.

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

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The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

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Like motto: You always get what you ask for, the universe listens.

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Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Engine: 6.2-litre supercharged V8

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Price, base / as tested: Dh275,250 / Dh328,465

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Power: 245hp @ 5,500rpm

Torque: 370Nm @ 1,300rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.0L / 100km

The biog

Favourite book: Homegoing by Yaa Gyasi

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Favourite film: Bohemian Rhapsody

Favourite place to visit in the UAE: The beach or Satwa

Children: Stepdaughter Tyler 27, daughter Quito 22 and son Dali 19

The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

Results:

5pm: Abu Dhabi Fillies Classic (PA) Prestige Dh 110,000 1.400m | Winner: AF Mouthirah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Abu Dhabi Colts Classic (PA) Prestige Dh 110,000 1,400m | Winner: AF Saab, Antonio Fresu, Ernst Oertel

6pm: Maiden (PA) Dh 80,000 1,600m | Winner: Majd Al Gharbia, Saif Al Balushi, Ridha ben Attia

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7.30pm: Handicap (PA) Dh 100,000 2,400m | Winner: Brass Ring, Fabrice Veron, Ismail Mohammed

Bio

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Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro

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Rating: 3.5/5 stars

Our family matters legal consultant

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Mubalada World Tennis Championship 2018 schedule

Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

Men's semi-finals

Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

Saturday December 29

3rd place play-off 5pm

Men's final 7pm

Updated: April 08, 2023, 4:30 AM`