During Apple's second-quarter earnings call, CEO Tim Cook addressed investors' concerns about tariffs, artificial intelligence, and the company's supply chain dependence on China. Cook highlighted the challenges in predicting tariff impacts, revealing a potential $900 million hit for the June quarter based on existing rates. He also emphasized Apple's efforts to diversify from China, noting that many iPhones sold in the U.S. are expected to originate from India. Analysts warn, however, that while progress in India is apparent, offloading Apple's heavy reliance on China is a substantial hurdle.
Tim Cook acknowledged the difficulty in predicting the impact of tariffs on Apple, highlighting a potential $900 million cost for the June quarter based on current rates.
Amidst ongoing uncertainty around tariffs and supply chain, analysts underscore that while India is becoming a significant player, diversifying away from China is a long-term challenge.
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