Reported 1 day ago
Apple's stock fell by 3% in premarket trading following the company's announcement of a $900 million headwind due to tariffs this quarter. Despite positive earnings results from the fiscal second quarter, CEO Tim Cook refrained from commenting on the potential long-term impacts of tariffs. Apple plans to shift most production of its iPhones to India and its other products to Vietnam, aiming to reduce reliance on China amidst ongoing trade tensions.
Source: YAHOO