Apple to take a $900M tariff hit?
During Apple’s second-quarter earnings call on Thursday, CEO Tim Cook finally broke the silence on how President Trump’s tariffs are affecting the company. The short answer? Not too badly—at least for now. Apple CEO Tim Cook and US President Donald Trump Cook told investors that Apple only felt a “limited impact” from the tariffs during the March quarter. As for what lies ahead, he admitted it’s hard to predict. But if everything stays the same globally, Apple expects the tariffs to add about $900 million to its expenses in the third quarter. That number actually came as a bit of a relief to investors. One even called it a “pretty good outcome,” considering all the uncertainty swirling around U.S. trade policy lately. Still, there's some nervousness about what the coming months might bring if policies shift again. Cook clarified that this $900 million figure is only valid if there are no changes to the current tariff landscape—no new duties, no surprises. And he emphasized th...
