The CEO of Apple Tim Cook presented the company’s first comments on the impact of President Trump’s tariff during the second quarter profit call with investors. While the iPhone maker witnessed only a “limited effect” of customs tariffs in the quarter -March, Cook said that Apple could not predict what this means in the next quarter. However, if things remain the same, the company can only add $ 900 million to its costs in the third quarter.
The news was a relief to investors, as one of them described it as a “good result.” However, investors have been concerned about what the following quarters could carry, given the rapid changes to American trade policy in recent weeks.
Tell Cook that Apple estimates for investors aim to provide some colors and will not only keep them if the current global tariff rates and policies have not changed, and applications have not changed to a quarter balance, and if a new tariff is not added.
He also warned that this estimate should not be used to show the effect of definitions in future quarters, as there are “unique factors” that benefit from the quarter of June.
in Interview with CNBCCook reduced the effect of customs tariffs, noting that Apple already determines about half of its iPhone devices for the United States from India, and most other products of the American market from Vietnam.
When clicking on him by one investor to provide more details about the June quarterly and beyond, Cook said: “I do not want to predict the future, because I am not sure of what will happen with the definitions.”
Cook added that he did not want to predict the production mix in the future, but indicated that he was very involved in customs tariff discussions. (This was already clear. Shortly after a meeting with President Trump, Apple’s iPhone devices were rescued from commercial policy changes Imphone could have been sent to height.)
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“On our part, we will manage the company the way we always have, with deliberate and deliberate decisions, with a focus on investing in the long term, dedication to innovation and the possibilities it creates.” “While we look forward to the future, we are still confident, confident that we will continue to build the best products and services in the world, confident of our ability to innovate and enrich our users’ life, is confident that we can continue to manage our business in a way that has always been distinguished.”
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