Apple plans to reduce the rental office space in Moscow and extend the lease until January 2027. In this respect informs Apple – TASS with reference to the 2022 financial statements of the Russian representative office of Apple Rus LLC.
“In the reporting year, in connection with the planned change in lease conditions in 2023, the amount of lease liability and right-of-use assets was revised: the area will be reduced from 4.6 thousand square meters to 424.23 square meters. m, the lease term will be extended until January 2027,” the document states.
The report also states that the financial results of Apple’s subsidiary in Russia were significantly affected by the discontinuation of sales of the company’s products in Russia.
“However, the company hopes it can continue to meet its obligations,” the statement says.
In addition, the company will sell some of the inventory used for repairs to a third-party vendor to meet device maintenance and repair obligations. The name of the supplier was not disclosed.
Formerly socialbites.ca saidThat Apple’s Russia division revenue fell 78% in 2022.