$900M in Q3, but …: Apple CEO Tim Cook on costs that Tariffs will add

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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