US EditionApple expects $900M tariff hit, US iPhone supply shifts to India
- Apple reported a first-quarter profit of $24.8 billion and revenue of $95.4 billion while warning US tariffs could cost $900 million this quarter.
- The tariffs stem from ongoing US-China trade tensions, with reciprocal levies disrupting Apple’s supply chain and prompting production shifts.
- Apple increased iPhone production in India, where about half of US-bound iPhones now originate, to mitigate tariff impacts and supply risks.
- Tim Cook said, "Assuming current tariffs don’t change, we estimate $900 million added costs," while analysts warn cost increases could shrink margins.
- Apple’s manufacturing shift suggests ongoing challenges with tariffs may raise prices and pressure profit margins amid uncertain global trade policies.
15 Articles
15 Articles
Apple shares drop 5% on buyback Cut, Trump tariffs hit
Apple Inc. shares fell 5% on Friday after the company announced a reduced stock buyback program and warned of a $900 million cost impact from US-China tariffs this quarter. The move comes as CEO Tim Cook revealed Apple is accelerating its supply chain shift out of China, with most US-bound iPhones now being assembled in India. The tech giant’s buyback authorization dropped to $100 billion, down from $110 billion last year—a rare pullback that un…
American Tariffs Apple iPhone Shift Sparks Global Shakeup - American Faith
Apple posted its highest March-quarter revenue in over two years, hitting $95 billion, as consumers rushed to buy devices ahead of new U.S. tariffs. The revenue spike, a five percent year-over-year increase, reflects growing economic uncertainty tied to the ongoing U.S.-China trade war under President Donald Trump’s tariff policy. American tariffs Apple iPhones supply chain shifts from China to India. Net income also rose nearly five percent to …
Apple earnings takeaways: A rush to buy iPhones before tariffs, a $900 million hit, and more
Apple (AAPL) delivered solid second-quarter earnings — but you wouldn’t exactly know it from the mood on Wall Street. Despite Apple beating expectations for the fifth straight quarter, investors were less focused on what the company just reported and more on what lies ahead: a turbulent macroeconomic horizon, slowing…Read more...
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