iPhone maker tells shareholders it doesn’t consider the European commission’s decision final and does not ‘expect any near-term impact on our financial results’Tech giant Apple told shareholders it did not consider the European commissions decision to gather $14.5bn in back taxes final on Tuesday and was “confident that it will be overturned”,but analysts warned the picture was more complex.
In a note posted to the company’s investor relations page, the company said it did “not expect any near-term impact on our financial results” and that it was prepared to pursue the matter in court for years to come. “While we desire a resolution as soon as possible, and the process is likely to capture several years,” the company said. Related: iPhone 7 debut expected at Apple product launch next week Continue reading...
Source: theguardian.com