2/5/2025, 2:50:04 pm

Apple says tariffs will add $900 million in costs this quarter

Apple Inc. Chief Executive Officer Tim Cook stated that planned U.S. tariffs on foreign imports will add $900 million in costs for the current period. Apple also reported weaker-than-expected sales from China, with revenue falling 2.3% to $16 billion in the fiscal second quarter, below analysts' estimate of $16.83 billion.