May 1, 2025, 6:20 pm
During an earnings call, Apple detailed how tariffs will cost roughly $900 million this quarter. Despite mounting trade tensions and pricing challenges, CEO Tim Cook emphasized that no price increases are imminent, leaving observers to wonder if the burden of global tariffs might eventually squeeze consumers.
Bluesky: @techcrunch.com
Apple and Amazon’s exposure remains a worry, but tariffs haven’t yet hobbled the trillion-dollar tech giants.
Apple reported a profit of US$24.8 billion for the first quarter of 2025.
Apple shares dropped by 4% after CEO Tim Cook said that estimated tariffs could increase costs by US$900 million.
iGiant shifted production to India and Vietnam but has no idea if that will help after tariff pause ends Apple believes the USA’s new tariffs policy will impact its finances by at least $900 million in its next quarter, has re-organized its supply chains to protect itself from whatever comes next,…
Shares of the iPhone maker Apple Inc. were heading south in late trading today after it failed to offer much clarity on the long term impact of President Donald Trump’s tariffs. Growth in its closely-watched services business slowed as well, falling short of Wall Street’s revenue target. The…
The vast majority of Apple's products are "currently not subject" to Trump's tariffs, CEO Tim Cook said. But beyond June, he didn't say much.
"We're very engaged on the tariff discussions, Apple CEO Tim Cook said. "On the pricing piece, we have nothing to announce today."
During Wednesday’s earnings call, Apple CEO Tim Cook went into the most detail yet on how the company is responding to the far-reaching US tariffs imposed by President Trump — and the potential impacts on its business. “Assuming the current global tariff rates, policies and applications do not…
permalink / 8 stories from sources in 2 days ago #apple #tariffs #economy
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