Apple says Trump’s tariffs are adding another $1 billion to its costs
Apple is facing significant costs due to President Donald Trump's tariffs, with the company estimating an additional $1.1 billion in expenses during the September quarter. The tech giant has already spent around $800 million on tariffs in the June quarter, slightly less than the $900 million predicted earlier. The majority of iPhones sold in the US are manufactured in India, while most Macs, iPads, and Apple Watches come from Vietnam. However, Trump has threatened to impose even higher tariffs if Apple doesn't move some of its production to the US. Despite these concerns, Apple's quarterly revenue jumped 10% to $94 billion between April and June, and the company's iPhone and Mac sales remain strong.
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