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Apple reports fourth quarter results

(www.apple.com)
176 points mfiguiere | 1 comments | 30 Oct 25 20:34 UTC | HN request time: 0s | source
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lapcat ◴[30 Oct 25 20:45 UTC] No.45765104[source]▶
This stuck out like a sore thumb to me:

Q4 2024: Income before provision for income taxes $29.610 billion, Provision for income taxes $14.874 billion

Q4 2025: Income before provision for income taxes $32.804 billion, Provision for income taxes $5.338 billion

[EDIT:] The 2024 taxes were actually an aberration.

"the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision" https://www.apple.com/newsroom/2024/10/apple-reports-fourth-...

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nerdponx ◴[30 Oct 25 20:57 UTC] No.45765246[source]▶
Enough to pay for everything DOGE and the Trump admin cut in 2025, assuming a big chunk of that is US taxes.
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1. aauchter ◴[30 Oct 25 21:11 UTC] No.45765418[source]▶
Effective US tax rate is higher in 2025. The 2024 tax number was inflated due to a one time payment relating to Ireland which actually dates back to 2016.