Electronic store

Apple’s retail arm is feeling the sting of store closures as the tech giant posts modest UK account growth

Monday 04 July 2022 16:08

FILE PHOTO: The Apple Inc logo is displayed outside the company’s 2016 Worldwide Developers Conference in San Francisco

Total revenue for Apple’s UK, Europe and UK Retail team climbed a modest 2% to £2.3 billion in 2021, with total operating profit up 24 % to reach £730 million.

It comes as Apple Retail UK continued to see the impacts of the pandemic, with sales of £972m compared to £1.1bn for 2020, due to store closures over the past year. the year.

Sales by channel and digital sales increased and as a result expenses recorded as revenue at Apple UK and Apple Europe increased in FY20 (respectively £420m vs £372m). £944m vs £810m).

Combined tax payments for the three entities reached £96m, compared to tax payments of £96m in FY20 and £91m in FY20 19.

Commenting on the filing, an Apple spokesperson said: “We know the important role taxes play in society and always pay whatever we owe wherever we operate.

In addition to our tax payments, we are proud to be an engine of growth in the UK supporting over 450,000 jobs across the country, through direct employment, our work with UK suppliers and l thriving local iOS app economy.

The UK iOS app economy supports over 440,000 jobs, an increase of 21% since 2020.

This currently makes the UK the biggest provider of jobs in the iOS app economy in Europe, where it has grown to support 2.2 million jobs, a 7% increase since 2021.

The combined number of employees for the three areas remained relatively stable, reaching around 7,048 year-on-year.