Apple's second quarter for FY25 reported record revenues with a 13% increase in iPhone shipments, defying trends in the broader smartphone industry. However, looming tariffs complicate the landscape as CEO Tim Cook noted a projected $900 million impact on the June quarter from tariffs. The 125% tariff on Chinese goods is raising costs on accessories and parts, which could further challenge profitability. Apple is addressing these issues by shifting production to India and Vietnam, standing firm against the challenges presented by the current economic climate.
Apple's second quarter delivered records with increased iPhone shipments, despite industry slowdowns, though tariff impacts loom large on costs and inventory.
The recent 125% tariff on goods from China has adversely affected the prices of Apple accessories and spare parts, raising costs significantly in the US market.
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