The Apple Operations International Limited holding company itself made a profit of $26 billion over the 12 months, down from $70 billion in 2020.
But when other subsidiaries managed by it were included, the group collectively had an income or profit before tax of $67 billion, double the $33.8 billion recorded in 2020. According to newly filed accounts, the company and its subsidiaries made a provision for income taxes of $11.6 billion, up from $6.2 billion in the previous year.The accounts don't break out how much of that tax was paid in Ireland and how much in the US, where the dividend was subject to tax.
Apple Operations International Limited has its registered address at the company’s European headquarters at the Holyhill Industrial Estate in Cork. It acts as a holding company for the management of much of Apple’s operations outside the US and its accounts record activities around the development, manufacture and marketing of the businesses devices and services.$178 billion of that was spent on products, while $32 billion of the sales were for services.Research and development costs fell to $12.5 billion from $15.5 billion in 2020.