Despite paying $900M in tariffs, Apples Tim Cook isnt announcing price increases yet

Image for article 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]

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