Apple on firm financial footing as EU tax bill hits


Customers sit as they queue for the opening of the first Apple store in Brussels, Belgium September 18, 2015. REUTERS/Francois Lenoir/Files

SAN FRANCISCO: A multi-billion-dollar tax bill imposed by the European Union could bruise Apple’s image more than its finances, which remain solid even as the trend-setting company looks for the next big thing. 

Analysts interviewed by AFP saw Apple as being in position to fend off the blow from the EU demand that the iPhone maker pay a record €13bil (RM59.23bil) in back taxes in Ireland. 

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

More! More! More! Tech workers max out their AI use.
Meta's longtime content policy chief Bickert leaving to teach at Harvard
Coming of age: Mega Cat Studios releases new 'God of War' video game
AI agents: They’re fun. They’re useful. But don’t give them the credit card.
Scientists use saliva for non-invasive, AI-based Parkinson's test
Apple hires ex-Google executive to head AI marketing amid push to improve Siri
Utility Entergy says revised Meta data-center deal to deliver higher customer savings
Sony to hike PlayStation 5 prices again as memory chip costs surge
NYSE-parent Intercontinental Exchange invests $600 million in Polymarket
SpaceX's listing stirs up social media frenzy, ticker bets

Others Also Read