Reported about 18 hours ago
Apple CEO Tim Cook announced that ongoing tariffs introduced by the Trump administration could cost the company approximately $900 million in the current quarter. He noted a shift in production, with most iPhones sold in the U.S. coming from India instead of China, as Apple looks to mitigate impacts from trade tensions. Despite exceeding revenue and earnings expectations, Apple’s shares fell about 4% in after-hours trading.
Source: YAHOO