Despite paying $900M in tariffs, Apples Tim Cook isnt announcing price increases yet
News Source : TechCrunch
News Summary
- Apple reported first quarter revenue of $95
- 4 billion
- Even with the tariff payment, it still reported earnings per share profit of $1
- 65
- Apple is now importing a larger portion of its iPhones from India, rather than China
- The devices produced in China are largely being sent to Apple’s customers outside the U
- S
Increased tariffs cost Apple $900 million last quarter, the company said when it announced solid first quarter results.While almost a $1 billion in extra fees paid to the government is nothing to s [+2054 chars]
Never miss a story from us, subscribe to our newsletter