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

126

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!

Kriti Sanon in Ethnic Elegance

Kriti Sanon stuns in ethnic wear—from lehengas to sarees, these 10 looks redefine...

By 0 1

'Amitabh Bachchan should have married Rekha,' said Muzaffar Ali

Rekha's classic film 'Umrao Jaan' is returning to theaters on June 27. Director Muzaffar Ali's...

By 0 1

Neena on old age romance: 'There should be no vulgarity'

Anupam Kher and Neena Gupta are set to redefine mature love in Anurag Basu's 'Metro…In...

By 0 1

Transport ministry approves mandatory ABS in all 2-wheelers, 2 helmets with new bikes

By 0 6

When Randhir Kapoor addressed Karisma's remarriage plans

Sunjay and Karisma tied the knot in 2003 and became parents to two children—Samaira and...

By 0 12