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Apple edges past expectations as world girds for tariff impact

  • Apple reported its latest quarterly earnings in early May 2025, with CEO Tim Cook addressing US-China tariff impacts from Cupertino, California.
  • President Trump unveiled sweeping tariffs on Chinese goods in April 2025, although iPhones and most electronics received temporary exemptions.
  • Apple sources over half of iPhones sold in the US from India, while most other products come from Vietnam, helping to mitigate tariff risks.
  • Apple earned $24.78 billion with revenue up 5.1% year-over-year and iPhone sales climbing 1.9% to $46.84 billion, surpassing Wall Street estimates.
  • Despite recovering most stock losses after the tariff announcement, Apple's shares remain down nearly 5% since April amid ongoing trade uncertainties and AI rollout delays.
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Forbes broke the news in United States on Thursday, May 1, 2025.
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