As the business deals with the financial effects of the Trump administration’s tariffs on Chinese imports, Apple has issued a warning that its expenses will rise by around $900 million for the quarter ending in June.
During Apple’s quarterly earnings call, CEO Tim Cook made the statement and discussed the impact of tariffs on the company’s financial results.
Apple anticipates a greater financial burden this time around, even though tariffs had little effect on its expenses during the January–March quarter. Cook explained that the $900 million projection is predicated on the tariff policy remaining unchanged for the foreseeable future. He added that depending on how the US government manages trade relations, costs could rise considerably more in subsequent quarters.
