US EditionApple edges past expectations as world girds for tariff impact
- Apple reported quarterly earnings in early 2025, revealing growth amid ongoing tariff tensions and production shifts in Cupertino, California.
- The report followed President Trump's 2024 trade tariffs on Chinese goods, which pressured Apple to source about half of U.S. IPhones from India and shift other products to Vietnam.
- CEO Tim Cook confirmed that over half of iPhones sold in the U.S. Are already made in India, while most other devices originate from Vietnam, both benefiting from lower tariffs or exemptions.
- Apple reported a 5.1% increase in revenue, reaching $95.36 billion, and posted earnings of $1.65 per share, surpassing analyst forecasts despite the stock still trading about 5% below its level before the tariffs were announced.
- Apple’s production shift aims to reduce China reliance and mitigate tariff risks, but full transition is unlikely before 2026, leaving vulnerability amid trade uncertainties.
205 Articles
205 Articles
Enter title here. | The Star News Network
Breitbart Apple reported its highest March-quarter revenue in over two years, reaching $95 billion, as customers rushed to purchase devices ahead of potential new U.S. tariffs. As a result of the ongoing trade war with China, the tech giant announced that the majority of U.S. iPhones would come from India, while iPads and other devices would be imported from Vietnam. The Wall Street Journal reports that Apple announced a significant surge in r…
Enter title here. - The Florida Capital Star
Breitbart Apple reported its highest March-quarter revenue in over two years, reaching $95 billion, as customers rushed to purchase devices ahead of potential new U.S. tariffs. As a result of the ongoing trade war with China, the tech giant announced that the majority of U.S. iPhones would come from India, while iPads and other devices would be imported from Vietnam. The Wall Street Journal reports that Apple announced a significant surge in r…
The puzzle of cars and hamburgers at home: what the accounts of US companies say about the effect of tariffs
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