According to The Times, the tech giant is negotiating with landlords in some of its 38 retail locations across the UK to get a 50% reduction in rent plus a rent-free period in exchange for signing longer leases. This is reportedly because the company wants to be treated like other businesses which have been offered reduced or temporarily-free rent in response to the coronavirus pandemic decimating their revenues.
The Times said these negotiations applied to retail spaces where Apple still has several years left on the leases, meaning landlords don't have to make an immediate decision.beating Wall Street's expectations with revenues of $59.7 billion — representing 11% year-on-year growth. This puts the firm in a much stronger position than most brick-and-mortar retailers, many of which have seen their sales nearly obliterated by the pandemic.
Per the Times, Apple posted UK sales of £1.4 billion for 2019, and paid £6.2 million in taxes to the UK. Apple declined to comment when contacted by the Times, and did not immediately respond to request for comment from Business Insider.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
If this is true, glad I ditched Apple a few years ago. Never going back.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump is trying to shove 4 years of China policy into 4 months - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. lopezlinette Desperately trying to act like he did something anything he can sell to his base to get votes. Pathological liar, corrupt grifter, all around horrible person was never capable of being POTUS. It's disgusting that he desecrates the oval office every day. lopezlinette The reason police have to carry guns is because of idiot politicians. lopezlinette He did more than Obama did in eight years
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stacey Abrams: Trump trying to 'steal' vote with postal service cuts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The US Postal Service has undermined the US Postal Service far more than Trump ever has. This woman must have tin foil instead of a skull. This lady went around saying she won the vote in GA for years
Source: BusinessInsider - 🏆 729. / 51 Read more »
Warren Buffett's Apple stake has tripled in value to more than $100 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It is not his stake, he owns only 11.8% Apple for buffet then? Wang frostana mchana ? 😳💰🤯 heavy heavy bags hie so.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Poshmark lingo: Common phrases insiders use and what they mean - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why you should stop writing 'thank you' at the end of a business email - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How about ending it with 'kiss my a$$'? I put “thanks” or some variation of that at the end of every email and it’s 100% fine If you want to set up and optimize your social media accounts? Please visit :
Source: BusinessInsider - 🏆 729. / 51 Read more »
Defense funds in coronavirus relief bill for businesses, supply chains - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Was this written by a defense contractor? We don’t need to spend more money for DOD. We need to use the money help the working and middle class workers to weather this damn pandemic.
Source: BusinessInsider - 🏆 729. / 51 Read more »