Apple's Profit Drops 36% as Tech Giant Pays $10 Billion to Resolve European Tax Issue

Răzvan Botea

Apple reported its best fourth quarter sales ever on Thursday, thanks to a record performance from its Services sector, which includes revenue from the App Store, as well as Apple TV+ and Apple Music. At the same time, the tech giant’s quarterly profits took a big hit, due to paying more than $10 billion to resolve a longstanding tax issue in Ireland. Here are the top-line numbers from Apple’s fourth quarter, which represents its July through September performance: Revenues:  $94.90 billion,

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