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.
180 Articles
180 Articles
Apple expects US$900 million tariff hit as shifts US iPhone supply to India
SAN FRANCISCO: Apple on Thursday (May 1) reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost US$900 million in the current quarter, even though their impact was "limited" at the start o
Tim Cook says Trump tariffs could cost Apple more than $900M in June quarter
(The Hill) — Apple CEO Tim Cook said President Donald Trump’s tariffs could tank the company's profits in the second quarter during a Thursday earnings call. “For the June quarter, currently we are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter,” Cook told attendees. “However, for some color, assuming the current global tariff rates, policies, and application…
Apple says Trump tariffs will cost him $900 million next quarter
Apple said Thursday that if the high tariffs raised by U.S. President Donald Trump remain at the current level, they will have an impact of about $900 million in costs for the company next quarter."We cannot accurately estimate the impact of the charges, but, assuming current global tariff rates do not change for the rest of the quarter, we estimate that the impact will add $900 million in our costs," said Apple's top executive, Tim Cook, in a c…
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