US EditionApple edges past expectations as world girds for tariff impact
- Apple released its latest quarterly earnings showing revenue growth and discussed tariff impacts on its supply chain.
- CEO Tim Cook explained that US tariffs and trade tensions with China prompted Apple to shift significant iPhone production to India.
- Apple sources about half of the iPhones sold in the US from India and most other products like Mac and iPad from Vietnam to reduce tariff exposure.
- Apple reported $95.36 billion in revenue for the fiscal second quarter, marking a 5.1% increase that surpassed Wall Street’s projections, alongside earnings of $24.78 billion and $1.65 per share.
- The tariff-driven production shift aims to lessen risks from ongoing trade disputes but faces logistical challenges likely delaying completion until next year.
189 Articles
189 Articles
The puzzle of cars and hamburgers at home: what the accounts of US companies say about the effect of tariffs
Big Tech resists but Apple already expects a weight of 900 million on the second quarter results. Consumer goods giants are suffering in anticipation of a slowdown in consumption. Market volatility rewards banks
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…
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