Apple may spend $900 million on tariffs over the following quarter

In an earnings name for the quarter ending in March, Apple CEO Tim Prepare dinner mentioned the corporate expects to pay round $900 million for US tariffs for the months of April to June. Apple noticed restricted impacts from tariffs for the months January via March, which does not come as a shock since many of the authorities’s new import taxes did not exist earlier than April. The corporate was additionally in a position to optimize its provide chain and stock earlier than then. Prepare dinner admitted that Apple cannot give a exact estimate of the influence tariffs could have on the corporate within the coming months as a result of the Trump administration’s guidelines may nonetheless change the longer term.