77.5 F
New York
Saturday, July 31, 2021

Apple Inc. [NASDAQ: AAPL] Wins Court Fight Over Record 13 Billion Euro Irish Tax Bill

Must read

Ucommune [NASDAQ: UK] Ink Cooperation Agreement with Beijing Investment Group

Ucommune International Ltd. inked a cooperation agreement with Beijing Investment Group Co., LTD. Beijing Investment is a fully state-owned land developer associated with...

Lion Electric [NYSE: LEV] all Set to Deliver Two Electric Trucks to Green Mountain Power

The Lion Electric Company revealed on Friday that it is preparing to deliver two of its all-electric trucks to Green Mountain Power (GMP)...

Digital Realty [NYSE: DLR] Considering Developing 64 MW Facility in South Korea

Digital Realty Trust, Inc. has shown its intention to build the 64-megawatt facility in Seoul, South Korea. The firm has decided that the...

Why Shares of IZEA Worldwide [NASDAQ: IZEA] Skyrocketing Today?

Shares of IZEA Worldwide, Inc. surged 8.10% at the time of writing on Wednesday. The strong performance of the firm has highlighted the...

Apple Inc. [NASDAQ: AAPL] has won its court battle today against the European Commission. The ruling allows Apple not to pay $15 billion in back taxes to Ireland.

Apple Inc. declared Wednesday that it was glad that the second top court of Europe had refused the EU ruling to the AAPL to pay 13 billion euros ($14.78 billion) in Irish back taxes.

European Commission said AAPL got benefit from the illegal government help through two Irish tax orders that lessen its tax burden by more than two decades from 0.005% in 2014 in its ruling four years ago.

The EU’s general court has ruled in favor of the iPhone maker, saying the European Commission unable to disclose illegal government support for tax arrangements with the firm.

Shares of Apple Inc. soared 1.20% during the pre-market trading. It had a trading volume of 42.75 million as compared to the average volume of 35.45 million. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $192.58 and a high of $399.82.

If we turn our focus on its profitability, AAPL’s return on investment (ROI), return on assets (ROA) and return on equity (ROE) is 26.90%, 17.30%, and 64.50%, respectively. The current and quick ratio for Apple Inc is 1.50. Apple Inc has recorded the sale of 267.98 billion. This company has a gross margin of 38.10%, a profit margin of 21.40%, and an operating margin of 24.50%.

More articles

Latest article

BIT Mining [NYSE: BTCM] Ink Purchase Agreement to Buy Bitcoin Mining Machine

BIT Mining Limited has inked a purchase agreement to increase the fleet of bitcoin mining machines. As per the new purchase agreement, the...

Dyadic International [NASDAQ: DYAI] Inks Licensing Agreement with the Rubic Consortium

Dyadic International, Inc. disclosed that it has inked a COVID-19 vaccine technology transfer and licensing agreement with the Rubic Consortium. It has been...

Binance, FTX Cut Leverage Limits on Crypto Futures Trading to 20x

Two major cryptocurrency trading platforms Binance Futures and FTX disclosed on Monday that they both have made a remarkable decision related to the crypto...

TD Holdings [NASDAQ: GLG] Inks Letter of Intent with Guangdong Jinbochuang

TD Holdings, Inc. has inked a letter of intent (LOI) with Guangdong Jinbochuang Special Purpose Vehicle Co., Ltd. and (Jinbochuang) and Hunan Jinmeike...

ASGN [NYSE: ASGN] Acquire IndraSoft Inc

ASGN Incorporated disclosed that it has acquired IndraSoft Inc. IndraSoft Inc has gained recognition as a prominent cybersecurity and digital transformation solutions offeror...

Link Reservations Decides to Accept Bitcoin/Crypto Payments

Link Reservations Inc disclosed Friday that it has decided to start accepting Bitcoin and cryptocurrency payments. This is the major breakthrough for the firm...

Athene [NYSE: ATH] Announces Acquisition of Foundation Home Loans

Athene Holding Ltd. disclosed on Thursday that it has inked a definitive agreement to purchase Foundation Home Loans (FHL). FHL had a £3...

Ping [NYSE: PING] and Anexinet Announces Partnership

Ping Identity Holding Corp. and Anexinet Corporation have both entered into a partnership agreement. The collaboration will integrate Ping Identity’s centralized Identity Access...