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Apple’s Irish subsidiary pays $92.9bn dividends after recording $38.6bn profit

Apple Operations International, which is incorporated with a registered office at Hollyhill, Cork, employed 56,922 people last year, of which over 6,000 are based in Ireland

Apple’s facility in Hollyhill, Cork

Profits at Apple’s main Irish subsidiary jumped to $38.6 billion last year, as against $21 billion in 2022, newly filed accounts show.

Apple Operations International, which covers the majority of the tech giant’s international business, recorded net sales of $218 billion in 2022, down 1.8 per cent versus the $222.7 billion reported a year earlier. Gross margin was slightly higher than the previous year at 45 per cent compared to 43.3 per cent in 2023.