Apple's Irish subsidiary rakes in $69.3 billion profit from global operations

Earnings from Apple's European subsidiary, and main European Union headquarters in Cork, Ireland, have risen $11.69 billion year over year.Apple has a substantial presence in Ireland, which it has been expanding with new hires and new product testing facilities, but it's also the official base for all of the firm's non-US work. So Apple Operations International is headquartered on Apple's Holyhill campus in Cork, but the profits include those of all other countries outside the States.According to The Irish Times, directors of the Cork subsidiary report that a majority of the group's net sales are from outside Ireland. Read more...