San Francisco, May 1, 2025 (AFP) - Apple expects $900 mn tariff hit as shifts US iPhone supply to India

NAMPA / AFP
2025-05-02
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call. Cook said he expected "a majority of iPhones sold in the US will have India as their country of origin," addi......
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GOBABIS - Senior traditional councillor Gerson Kunomundu Katjirua of the Ovambanderu Traditional Authority (Photo: Contributed)

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