Apple Sales in South Korea Hit Record $5.97 Billion in 2021
According to Apple South Korea’s audit report filings, the iPhone maker’s sales in the country soared 24% on year to hit US$5.97 billion (7.1 trillion won) in 2021, MacDailyNews is reporting.
The audit report, which was filed under the amended Act on External Audit of Stock Companies in South Korea, further revealed that the company’s net income for the cited period stood at 124.3 billion won, down slightly from a net profit of 127.4 billion won the year prior.
Apple’s operating profit also dropped 13.3% on-year to 111.49 billion won from Oct. 1, 2020, to Sept. 30, 2021.
This has also marked the first time Apple South Korea has released its audit report since the unit converted into a limited company in 2009.