Apple, iPhone and tariffs
Digest more
Trump initially announced "Liberation Day" tariffs on imports from nearly 180 countries on April 2, but he quickly paused most of them for 90 days after the stock market tanked. He's since begun negotiations with most of the countries, but only one deal with the UK has been announced so far.
Apple CEO Tim Cook publicly addressed the impact of tariffs on the iPhone maker’s business for the first time on an earnings call Thursday, saying they could add $900 million to the company’s overall costs.
The company's near-term impact from tariffs isn't too bad ... Q2 was similar to the levels at the end of the quarter for iPhone and most other products. 3. Apple projects a $900 million tariff ...
Check out CNET's tariff impact tracker is keeping tabs on price moves for several popular products as Walmart becomes one of the biggest retailers to warn of price hikes.
During the call, Cook offered analysts and investors his first thoughts on the potential impact of the tariffs on the company’s earnings. He said there was “limited impact” in the second quarter, partly due to Apple planning ahead and optimizing its supply chains.
Apple CEO Tim Cook offered the company’s first comments on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter ...
Apple is reportedly planning to raise prices for its upcoming iPhone 17 series. While tariffs may be part of the equation, the company seems more focused on justifying the hike with new features ...