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Apple Warns Trump’s Tariffs Will Raise Costs By $900m

  • Apple has posted second quarter results slightly ahead of expectations despite concerns over Donald Trump's tariffs.
  • Most devices sold in the United States will now come from India instead of China, with Vietnam becoming a major production hub for iPads and Apple Watches.
  • Apple expects Trump's tariffs to add $900 million to its costs for the upcoming quarter if global tariff rates remain the same.
  • In the second quarter, Apple reported a net profit of $24.8 billion, with revenues reaching $95.4 billion, showing growth in iPhone revenues and decline in Wearables, Home, and Accessories segment.

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