is a news writer who covers the streaming wars, user tech, crypto, societal media, and overmuch more. Previously, she was a writer and editor astatine MUO.
Apple is spending a lot connected President Donald Trump’s tariffs. During an net telephone connected Thursday, Apple CEO Tim Cook said the duties could adhd $1.1 cardinal to its costs during the September quarter.
Cook said Apple has already spent astir $800 cardinal during the June quarter, which is little than the $900 cardinal that the institution predicted successful May. “The bulk of the tariffs that we paid were the IEEPA [International Emergency Economic Powers Act] tariffs that deed early successful the year, related to China,” Cook said.
Trump’s sweeping tariffs person impacted each of Apple’s devices, which are chiefly manufactured successful China, India, and Vietnam. Cook said the “majority” of iPhones sold successful the US are manufactured successful India, while astir Macs, iPads, and Apple Watches travel from Vietnam. Trump has threatened to target Apple pinch moreover higher tariffs if the institution doesn’t move immoderate of its accumulation to the US.
“There are galore factors that could change, including tariff rates,” Cook noted. Despite concerns surrounding tariffs, the company’s quarterly revenue jumped 10 percent to $94 cardinal betwixt April and June, while iPhone and Mac income stay strong.
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