That better-than-expected performance reassured Wall Street investors that key parts of its business are holding steady as Apple struggles to keep pace with rivals in the artificial intelligence race and navigates President Donald Trump’s looming tariffs. Apple could incur $1.1 billion in tariff-related costs in the September quarter, CEO Tim Cook said on a call with analysts, which would be up from the $800 million this past quarter.
lørdag 2. august 2025
Apple got a much-needed iPhone and China boost, but expects a $1.1 billion tariff hit this quarter
Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.
That better-than-expected performance reassured Wall Street investors that key parts of its business are holding steady as Apple struggles to keep pace with rivals in the artificial intelligence race and navigates President Donald Trump’s looming tariffs. Apple could incur $1.1 billion in tariff-related costs in the September quarter, CEO Tim Cook said on a call with analysts, which would be up from the $800 million this past quarter.
That better-than-expected performance reassured Wall Street investors that key parts of its business are holding steady as Apple struggles to keep pace with rivals in the artificial intelligence race and navigates President Donald Trump’s looming tariffs. Apple could incur $1.1 billion in tariff-related costs in the September quarter, CEO Tim Cook said on a call with analysts, which would be up from the $800 million this past quarter.
