During a recent earnings call, Apple CEO Tim Cook announced that the company anticipates paying around $900 million in US tariffs for the upcoming quarter, reflecting a limited impact from tariffs in the preceding quarter. This forecast is based on current tariff rates, but Cook cautioned that future changes in regulations could alter this estimate. Apple has optimized its supply chain by increasing production of iPhones in India and manufacturing other products in Vietnam to mitigate tariff impacts. Overall, Apple reported a quarterly revenue of $95.4 billion, showing a year-over-year growth.
For the June quarter, currently, we are not able to precisely estimate the impact of tariffs as we are uncertain of potential future actions prior to the end of the quarter.
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.
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