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Apple faces steep tariffs

4 1
02.08.2025
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Technology


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The Big Story

Apple anticipates $1.1B price tag from tariffs next quarter

Apple expects to face $1.1 billion in tariff-related costs next quarter on top of $800 million from the prior three months.

© Alberto Pezzali, Associated Press

The iPhone-maker, which has been hit particularly hard by President Trump’s tariff push, still reported strong quarterly earnings, posting $94 billion in revenue and $23.4 billion in net income for the stretch between April and June.

Apple sold $44.5 billion worth of iPhones last quarter, up 13 percent from the same three-month period last year, at least part of which the company attributed to consumers trying to get ahead of tariffs.

“We would estimate the pull-forward of demand into April specifically to be about one point of the 10 points in terms of people buying because of discussions about tariffs,” Apple CEO Tim Cook said Thursday, referencing........

© The Hill