Home Technology Apple Inc. (AAPL) CEO Cook Meets With Ireland Government Officials

Apple Inc. (AAPL) CEO Cook Meets With Ireland Government Officials

Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.

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.

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.

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Anna Peel
Editor

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.