Apple expects $900 mn tariff hit, US iPhone supply shifts to India

San Francisco (AFP) May 2, 2025

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call.

Cook said he expected “a majority of iPhones sol

​San Francisco (AFP) May 2, 2025

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call.

Cook said he expected “a majority of iPhones sol   India News From IndoDaily.Com

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