in Profit call For the quarter ending in March, the CEO of Apple Tim Cook said that the company expects to pay about $ 900 million for the US tariff for April months to June. Apple witnessed limited effects of the customs tariffs of January to March, which was not surprising because most of the government’s new import taxes were not present before April. The company also managed to improve the supply chain and inventory before that. Cook admitted that Apple could not provide an accurate estimate of the definitions of influencing the company in the coming months because the Trump administration rules still may change the future.
“For June quarter, currently, we cannot accurately estimate the impact of the tariff because we are not sure of possible future procedures before the end of the quarter,” the CEO explained. The number of 900 million dollars came from the company’s estimates, assuming that “the current global tariff prices and policies and applications are not changed to achieve a quarter balance and no new tariff is added.” Investors seemed comfortable because Apple is to spend only 900 million dollars to pay new taxes, a decrease in a bucket for a company valued at more than 3 trillion dollars. When one of the private people asked how the definitions that Apple would look like after June, Cook said: “I don’t want to predict the future, because I am not sure of what will happen with the definitions.”
“On our part, we will always manage the company in the way we have, with deliberate and deliberate decisions, with a focus on long -term investment, dedication to innovation and the possibilities it creates,” Cook assured investors. Apple has recorded a quarterly revenue of 95.4 billion dollars, an increase of 5 percent on an annual basis, for January to March 2025. CNBC It is the manufacture of half iPhone means For the United States in India Instead of China, which means low customs tariff rates. It will also manufacture most of its other products for the United States in Vietnam.
This article was originally appeared on Engadget on https://www.engadget.com/big-tech
[og_img]
Source link