City
Epaper

Apple South Korea's 2021 sales soar 24% to top $5.97bn

By IANS | Updated: January 13, 2022 12:05 IST

Seoul, Jan 13 Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a ...

Open in App

Seoul, Jan 13 Apple Korea's sales jumped 24 per cent on-year to hit $5.97 billion last year, a new data showed on Thursday.

The South Korean unit of US tech giant Apple Apple Korea Ltd. logged 7.1 trillion won ($5.97 billion) in sales from October 1, 2020 to September 30 last year, according to its audit report filings.

Net income for the cited period stood at 124.3 billion won, down slightly from a net profit of 127.4 billion won the previous year.

The company's operating profit dropped 13.3 per cent on-year to 111.49 billion won over the cited period, reports Yonhap news agency.

This marked the first time Apple Korea has released its audit report since the South Korean unit converted into a limited company in 2009.

Under the amended Act on External Audit of Stock Companies, limited companies also have been obliged to undergo external audits and to publicly disclose their audit reports since 2019.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: seoulusApple koreaApple apple korea ltd.
Open in App

Related Stories

NationalIndia-Pakistan Ceasefire: Donald Trump Claims the US Administration Stopped Nuclear War

International‘Not Going To Get Involved in Middle of War’: JD Vance Over India-Pakistan Tensions

NationalOperation Sindoor: PM Narendra Modi Calls For All-Party Meeting On May 8 After India Strikes On Pakistan Terror Camps

InternationalColorado Nightclub Raid: Over 100 Illegal Immigrants Detain at Underground Nightclub in US; Video Surfaces

BusinessGlobal Tech Firms Eye India for Manufacturing Amid US-China Tensions

Technology Realted Stories

TechnologyNeed to further strengthen financial inclusion initiatives: FM Sitharaman

TechnologyFirst 3nm chip design centres unveiled in India

TechnologyIndia’s first manned deep ocean mission to be launched by 2026 end

TechnologyBharti Airtel’s Q4 net profit slips 23 pc, sales up as India market grows

TechnologyAccessibility labels on App Store, braille access among Apple’s new features