Tim Cook, CEO of Apple, said that the company expects an additional US tariff for an additional $ 900 million for its costs in this quarter.
Cook revealed that the technology giant had achieved 95.4 billion dollars in revenue in the last quarter, but warned that the customs tariff may soon affect the end result.
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Cook said that Donald Trump's tariff had “a limited effect in the quarter of March, due to improving the supply chain and stock” during the release of Apple's profits on Thursday.
But he warned that the commercial environment may change.
Cook noted that the company expects a greater impact of the definitions in the next quarter.
He said: “Assuming that the current global tariff rates, policies and applications do not change to the quarter of the quarter, and no new tariff is added, we can influence the addition of 900 million dollars to our costs.”
During a question and answers analyst, Cook said that “constructions in the purchase of manufacturing” can benefit the company in the quarter of June.
He said it would be “difficult to predict” the influence of customs tariffs and past politics in the quarter of June.
Apple Kevan Parekh said that the company believes that revenues will grow in a low -to -number number in the third quarter.
He pointed out that the company's expectations depend on the assumption that the global macroeconomic environment is still stable.
Cook said that the company did not believe that there was any request from the request during the month of March before the April 2 tariff.
He also talked about plans to expand in the United States, as Apple is scheduled to spend $ 500 billion over the next four years to build facilities in several states.
The Technology Company has recorded a services giant of more than $ 26.6 billion-which is the highest new level ever and an increase of 12 percent on an annual basis.
The stock profits increased by 8 percent to $ 1.65, representing a record for March quarter.
The total revenue grew by 5 percent compared to the same period last year, reaching 95.4 billion dollars.
“Thanks to our high levels of customer loyalty and consent, the base of our active devices again has again reached a new rise in all categories of products and geographical sectors,” said Barrick.
This comes at a time when Apple has arranged at the last minute trips to transport 600 tons of iPhone to the United States from India to get a Trump tariff.
The American technology giant is said to have rented flights for 1.5 million phones.
Apple pressed the Indian airport authorities to reduce customs time at Chennai Airport in southern India to only 30 hours to six, according to Reuters.
The source and an Indian government official said that six shipping aircraft with a capacity of 100 tons have flew since March.
The iPhone 14 and the shipping cable weighs about 350 grams in the package, based on Reuters measurements, indicating that local goods can include up to 1.5 million iPhone.
Meanwhile, analysts warned that the price of smartphones could rise to water levels where China faces a huge tariff rate of 125 percent.
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