Apple’s iPhone Sales Soar Despite China Tariff Pressure (and Because of It)

Tariffs didn't stop Apple’s iPhone sales from blowing past estimates. Here's why

Apple CEO Tim Cook says the impact from tariffs is likely to be worse in September after the tech giant took a hit of $800 million

Tim Cook: Apple faces a $1.1 billion tariff bill this quarter

Apple is facing high tariff costs in the current quarter, projected to reach a whopping $1.1 billion. The company's CEO Tim Cook shared the projections, based on current rates and policies, with investors during an earnings call on Thursday. The hike comes amid a continuous trade war between China and the U.S. government. SEE ALSO: India overtakes China in smartphone exports to U.S. In the quarter that ended in June, tariffs cost Apple $800 mi…

Apple’s iPhone Sales Soar Despite China Tariff Pressure (and Because of It)

Apple may be the tech company most exposed to the Trump-era global tariffs, with the majority of its iPhones still manufactured in China. But the company calmed Wall Street’s concerns with its latest financial results, which showed a surge in iPhone sales. CEO Tim Cook also laid out a roadmap to ease the impact of levies. During the April–June quarter, Apple’s revenue jumped 10 percent year-over-year to $94 billion, while net income rose 9 perce…

Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

According to Apple's recent earnings call, tariffs will add another $1.1 billion to its costs this quarter. What does that mean for you?

Trump's Tariffs Expected to Cost Apple an Additional $1.1 Billion

Apple has spent nearly $1 billion paying tariffs already, and expects to pay even more next quarter, primarily to China.

Tariffs hit Apple with $800 million in costs June quarter, projects $1.1 billion next quarter

Apple CEO Tim Cook discusses Q3 FY2025 earnings, iPhone growth, new stores in India and UAE, and evolving tariff situation.