Apple expects $900m hit from US tariffs, shifts majority of iPhone...

Dununu.com Dununu

Sponsored

Apple expects $900m hit from US tariffs, shifts majority of iPhone production to India

RSS Feed Business

Posted

132

Apple reported strong first-quarter profits, but CEO Tim Cook cautioned about US tariffs potentially costing the company $900 million this quarter. To mitigate this, Apple is shifting production, with most iPhones sold in the US originating from India. "We are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter," news agency Reuters quoted Tim Cook as saying.

Read Full Article

Please log in to like, share and comment!

'Strategic mistake': Former diplomat Vikas Swarup warns US against ties with Pakistan; links Trump’s tariffs on India to Brics, Operation Sindoor

By 0 1

Banking reforms: RBI to enable cheque clearance within hours from October 4, phased plan to cut settlement delays

The Reserve Bank of India is set to launch a faster cheque clearance system on October 4, 2025....

By 0 2

'I hate this sooo much': Rishabh Pant shares injury struggle on social media

Rishabh Pant, sidelined with a toe fracture sustained during the England series, expressed his...

By 0 7

Sharmila REACTS to SC ruling on relocating Delhi-NCR stray dogs

Sharmila Tagore and Randeep Hooda expressed worries about the Supreme Court's order to move stray...

By 0 8

Immigration crackdown: Venezuelan civic groups sue Trump admin over termination of Temporary Protected Status; call it cruelty towards vulnerable

Venezuelan civic groups and migrants are challenging the Trump administration in Boston federal...

By 0 35