Apple operates a subsidiary in Spain through Apple Retail Spain, reporting solid results for the last fiscal year spanning October 2021 to September 2022. The net profit reached 13.1 million euros, marking a significant year over year rise of 61.65 percent from 8.1 million euros in the prior period.
Spain sales climbed to 551.45 million euros in the most recent full year, reflecting a substantial increase of 58.63 percent compared with the 347.61 million euros recorded in the previous year. This growth came as the company expanded both product sales and service activities across the Spanish market, supported by an expanding retail network and ongoing consumer demand for premium technology offerings.
In terms of revenue composition, device sales accounted for 543.52 million euros, up 58.72 percent year over year, while services delivered 7.92 million euros, rising by 53.2 percent. The mix indicates a strong shift toward recurring services and support as part of Apple’s value proposition in Spain, alongside robust hardware penetration.
Operating performance also improved, with the Spanish subsidiary reporting an operating result of 17.81 million euros, up 55.62 percent from 11.44 million euros in the prior financial year. This culminated in an operating margin of 30.95 percent, slightly higher than the 30.36 percent observed in the previous year, underscoring better cost management and favorable sales dynamics within the local market.
Tax outlays followed the positive earnings trend, with tax payments totaling 4.75 million euros, reflecting a year over year increase of 36.88 percent from 3.47 million euros paid in the earlier period. The tax trajectory aligns with the stronger profitability and the company’s broader fiscal position in Spain during that year.
From a workforce perspective, Apple’s Spanish subsidiary ended the year with 1,416 employees, representing a 1.43 percent rise from the previous year. The gender distribution shows 558 women, up 5.88 percent, alongside 858 men, a slight decline of 1.26 percent, illustrating ongoing diversification and hiring in key roles across sales, customer service, and corporate functions.
Overall, the Spanish subsidiary demonstrated healthy top and bottom line expansion, underpinned by rising device demand, enhanced services, and disciplined operating leverage. The results align with Apple’s strategic emphasis on strengthening its presence in Spain while delivering premium customer experiences through its retail network and service ecosystem. These outcomes are corroborated by data from the local Trade Register as compiled through market observers, with attribution to the primary data providers in the European market.”