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Apple could spend $900 million on tariffs over the next quarter
In an earnings call for the quarter ending in March, Apple CEO Tim Cook said the company expects to pay around $900 million for US tariffs for the months of April to June.
Cook admitted that Apple can't give a precise estimate of the impact tariffs will have on the company in the coming months because the Trump administration's rules could still change the future. "For our part, we will manage the company the way we always have, with thoughtful and deliberate decisions, with a focus on investing for the long term, and with dedication to innovation and the possibilities it creates," Cook assured investors. The biggest news stories this morning: Rivian R1S Gen 2 review, VR is helping to make daunting medical treatments more bearable for patients, The best way to compost your food scraps.
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