On September 10, 2024, the European Court of Justice (ECJ) ruled in favor of the European Commission's 2016 decision, which found that Ireland had provided illegal state aid to Apple Inc. by offering favorable tax opinions in 1991 and 2007. This decision overturned a previous ruling by the General Court from July 15, 2020, which had annulled the Commission's order for Ireland to recover additional taxes from Apple for the period between June 2003 and December 2014. As a result of the ECJ's ruling, Apple anticipates a one-time income tax charge of approximately $10 billion in its fourth fiscal quarter ending September 28, 2024, significantly impacting the company's effective tax rate for the quarter. The company has stated that these figures are preliminary and that the actual results may vary when the final quarterly report is released. Apple's announcement also included a caution regarding forward-looking statements, highlighting potential risks and uncertainties that could affect actual results.

On September 10, 2024, the European Court of Justice (ECJ) ruled in favor of the European Commission's 2016 decision, which found that Ireland had provided illegal state aid to Apple Inc. by offering favorable tax opinions in 1991 and 2007. This decision overturned a previous ruling by the General Court from July 15, 2020, which had annulled the Commission's order for Ireland to recover additional taxes from Apple for the period between June 2003 and December 2014. As a result of the ECJ's ruling, Apple anticipates a one-time income tax charge of approximately $10 billion in its fourth fiscal quarter ending September 28, 2024, significantly impacting the company's effective tax rate for the quarter. The company has stated that these figures are preliminary and that the actual results may vary when the final quarterly report is released. Apple's announcement also included a caution regarding forward-looking statements, highlighting potential risks and uncertainties that could affect actual results.