Apple CEO Tim Cook announced during the company’s earnings call that tariffs could increase costs by approximately $900 million in Q3, based on current global rates. He noted that Apple had limited impact from tariffs in the previous quarter and emphasized the need for caution in using this estimate for future predictions, as policy changes could alter the outcome. To mitigate tariff-related costs, Apple is diversifying its supply chain, sourcing half of its iPhones for the U.S. from India, marking a significant shift in production strategy amid ongoing trade tensions.
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Delhi sizzles again: Mercury hits 42.1°C; heatwave alert out as temps may touch 45°C
SummaryDelhi's temperature reached 42.1°C on Sunday, surpassing 40°C for the first time in 17 days, leading to a 'yellow' heatwave alert for the following Monday and Tuesday, with expected highs of 45°C. Similar extreme temperatures are affecting Haryana, Punjab, and Rajasthan, where several areas are experiencing temperatures above 45°C. Relief is anticipated starting June 13, with forecasts of rain and thunderstorms providing a break from the heat. Full Article
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