Apple could spend $900 million on tariffs over the next quarter

During an earnings call, Apple CEO Tim Cook indicated that the company anticipates paying approximately $900 million in US tariffs for the April to June quarter, although its impact was limited in the previous quarter due to the timing of new import taxes. Cook noted that the estimate is based on current tariff rates and expressed uncertainty about future tariff implications, emphasizing Apple’s commitment to long-term investment and innovation. Additionally, Apple is shifting production for half of its US-bound iPhones to India and most other products to Vietnam to mitigate tariff costs.

Full Article