Tech giant’s international operation in Cork believed to be largest taxpayer in Republic
Apple chief executive Tim Cook, seen behind US president Donald Trump and US vice-president JD Vance after the two were sworn into office in Washington, DC. Photograph: Getty
Almost all the heavyweight tech stocks have continued to advance this year. That is except Apple, which has slumped more than 8 per cent and which was usurped this week by Nvidia as the world’s most valuable company.Is Trump’s ‘drill, baby, drill’ an empty promise?The group’s market capitalisation almost doubled over the past two years to $3.8 trillion .
“These are American companies,” he told the Davos crowd. “Whether you like them or not, they’re American companies, and they shouldn’t be doing that. And that’s – as far as I’m concerned – a form of taxation. So, we have some very big complaints with the EU.” Sales of Apple iPhones plunged more than 18 per cent in China – the group’s biggest market after the US – during the quarter, independent research firm Counterpoint reported earlier this week.drove a global slump of 5 per cent in iPhone sales during the key shopping period, feeding into a view Apple is facing market saturation in key markets.
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