Apple Inc. (NASDAQ:AAPL)’s chief executive officer Tim Cook recently met up with Irish officials. Taoiseach Enda Kenny met up with Cook on Friday and was happy to report Apple’s CEO was happy with the Cork office.
Apple looks at Ireland’s office
One of the topics discussed at today’s meeting included Ireland’s full participation with the European Union’s tax rate discussion. He explained, “I pointed out to Cook that Ireland, as a member of the [European] Union, is participating in the OECD discussions that are taking place now about an international response in terms of clarity about the tax position. There are fifteen different sectors involving that and Ireland is participating in them all.”
As for whether or not the company does further investments, that is a decision for Apple to make. Fortunately, the Cupertino-based company is very pleased with the results. It helps with Apple’s latest successful quarter which reached $13.1 billion in profits this week.
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More
Apple has more to look forward to
The Cork facility in Hollyhill has 4,000 employees. This office was the first one built outside the United States. Apple Inc. (NASDAQ:AAPL) has also increased their Cork workforce at a steady rate. In April 2012, it was reported the tech giant planned to add 500 new jobs to the Cork headquarters. It was also reported Apple would increase the jobs within an eighteen-month period.
The Irish Independent added, “Once a major manufacturing hub for Apple Inc. (NASDAQ:AAPL), the firm’s Cork operation bounced back from losing iMac and other computer production in 2001/2002 to emerge as one of Apple’s most important R&D, sales, service and technical support centres. Apple is currently battling to keep pace with soaring worldwide demand for their products including the new iPad 2, the iPhone5 and iCloud services. Apple Inc. (NASDAQ:AAPL)’s global sales are now worth almost €50 billion. Meanwhile, Mr Kenny hailed Ireland’s economic recovery as he announced a further 200 new jobs in Cork.”
Apple Inc. (NASDAQ:AAPL)’s growth outside the United States is crucial for the company’s future.