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

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

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!

Sports

Premier League: Champions Liverpool to face Bournemouth in season opener; Man Utd host Arsenal on opening week

Liverpool will commence their Premier League title defence against Bournemouth on August 15,...

By 0 3

Sports

IND vs ENG | 1st Test predicted playing XI: Sudharsan or Easwaran

IND vs ENG 1st Test predicted playing XI: India’s five-Test tour of England, beginning on...

By 0 3

International

'Islamic Republic has reached its end': Exiled royal Reza Pahlavi urges uprising in Iran; calls Khamenei 'a frightened rat'

Reza Pahlavi, the exiled Iranian prince, has passionately called upon Iran's military, police,...

By 0 13

Sports

Bombay HC rules in favour of Kochi Tuskers, upholds Rs 538 crore arbitral award against BCCI

The Bombay High Court has upheld arbitral awards exceeding Rs 538 crore in favour of the defunct...

By 0 16

National

India grants licence to Musk’s Starlink

NEW DELHI: India has officially granted a licence to Elon Musk’s Starlink satellite...

By 0 15