IPhone maker Apple’s huge profitability is thought to be one of the key factors behind the surge in Irish corporation tax revenues in recent years. Illustration: Paul Scottof companies published by The Irish Times on Thursday, with Apple once again leading the way in terms of both turnover and profits.
The iPhone maker recorded revenue of €222.8 billion in the year to September 24th, 2022, with profits of €69.5 billion. The company’s huge profitability is thought to be one of the key factors behind the surge in Irish corporation tax revenues in recent years. In terms of turnover, Microsoft overtook Google to claim second spot, with turnover of €65.4 billion , and profits of just more than €3.5 billion for the year to the end of June 2022. Google was third with revenues of €64.5 billion while Meta’s Irish operation recorded income of €52.3 billion.