App Store to eclipse worldwide box office revenues sometime this year

App Store revenues may become bigger than the entire worldwide movie-making business sometime this year, with both industries likely to hit the $40 billion mark in the near future…. Read the rest of this post here



App Store to eclipse worldwide box office revenues sometime this year” is an article by iDownloadBlog.com.
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Apple denies reports that it moved untaxed offshore cash to the Channel Island of Jersey

Apple on Monday issued a press releasing denying today’s reports from the BBC, The New York Times and others alleging that Tim Cook & Co. may have found creative new ways to sidestep a major EU crackdown on its controversial tax practices in Ireland…. Read the rest of this post here



Apple denies reports that it moved untaxed offshore cash to the Channel Island of Jersey” is an article by iDownloadBlog.com.
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Here’s Tim Cook’s message to Apple community regarding massive Irish tax bill

Tim Cook angry pissed upset

The European Commission has ruled that Apple is on the hook for €13 billion ($14.5 billion) in back taxes as its “sweetheart deal” to pay a lower tax rate in Ireland has been characterized as “illegal state aid”.

Apple is going to appeal the ruling and now CEO Tim Cook has penned an open letter, entitled “A Message to the Apple Community in Europe,” in which he explains Apple’s position in this case, writing he is “confident” that the huge tax bill will be reversed…. Read the rest of this post here



Here’s Tim Cook’s message to Apple community regarding massive Irish tax bill” is an article by iDownloadBlog.com.
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EU orders Apple to pay $14.5 billion in back taxes

EU Ireland Apple ruling infographic 001

At a press conference Tuesday, the European Commission’s competition commissioner Margarethe Vestager announced that the European Union has ordered the government of Ireland to collect up to €13 billion, or about $14.5 billion, in back taxes from Apple. The sum represents Europe’s largest tax penalty and a significant increase over the 1 billion figure floated around ahead of the ruling.

Apple will appeal the decision…. Read the rest of this post here



EU orders Apple to pay $14.5 billion in back taxes” is an article by iDownloadBlog.com.
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Apple to reveal June quarter numbers on July 26

Apple Stores (Istanbul, Turkey, image 001)

Apple will talk sales, revenue, profitability, the cost of doing business and other financial metrics pertaining to its third fiscal quarter, which translates into the second calendar quarter of this year, on July 26, according to an announcement posted on the Apple Investor webpage.

A conference call in which the company will discuss the latest quarterly results with investors and Wall Street analysts is scheduled for Tuesday, July 26, 2016 at 2pm Pacific / 5pm Eastern…. Read the rest of this post here



Apple to reveal June quarter numbers on July 26” is an article by iDownloadBlog.com.
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