Apple: the iPhone Manufacturer is Planning for $900 Million Worth of Tariff Costs for the Current Quarter!

"I do not want to make predictions for the future, as I cannot say for certain how things will progress with tariffs," Cook stated. Analysts, however, had anticipated losses of more than the expected $900 million. Apple is working on restructuring its supply chains to reduce the number of devices imported from China to the USA in favor of imports from India and Vietnam. In India, they are in the process of significantly expanding production capacities. Both countries are currently only subject to minimum tariff rates of 10% each. In contrast, the...