Updated / Thursday, 6 May 2021 10:30 AOI is registered at the company's Holyhill campus in Cork and covers most of Apple's non-US subsidiaries Pre-tax profits at an Irish-based Apple business last year decreased by 19% to $33.8 billion (€28 billion), new figures show today. Apple Operations International Ltd's (AOI) daily pre-tax profits of $92.6m (€76.9m) for the 12 months to September 26 are revealed in new accounts filed with the Companies Office. The drop in pre-tax profit came in spite of revenues increasing by 5% from $140.99 billion to $148.16 billion for the 12 month period. A chief factor in the drop in pre-tax profit was the company's Research & Development spend more than doubling from $7.59 billion to $15.48 billion.