- Ireland expects to collect a final tax bill of around $16B from Apple (NASDAQ:AAPL), according to Revenue Commissioners’ chairman Niall Cody.
- Cody’s office has to calculate the bill and turn it over to the European Commission, which ordered Ireland to collect the money.
- Cody says more than 95% of the calculations are finished and the final tally will go to the European Commission before the end of April.
- Apple Pay now has 127M global active users, up from 62M last year, according to Loup Ventures estimates.
- Despite the growth, only about 5% of U.S. iPhones have Apple Pay activated compared to 11% of international iPhones. (Mobile payments are more popular and widely supported in Europe.)
- Apple Pay availability among the top 100 U.S. retailers: 14 stores accepted on desktop, 24 on mobile, and 24 in the store’s app.
- Over 2.7K banks now support Apple Pay, up 41% on the year.
- Apple shares are up 0.7%.
- Previously: Apple planning AirPods upgrades; global smartphone shares slip in Q4 (Feb. 22)
- Now read: Apple Repatriation To Drive EPS By As Much As 22%
Original article