Apple CEO Tim Cook says tariffs to add only $900M in costs in Q3, but future uncertain

Apple’s CEO Tim Cook commented on the impact of Trump’s tariff during the second-third earnings with investors on Thursday. Although the iPhone maker just saw the “limited impact” from the tariff on the March quarter, Cook said that Apple could not predict what the arrival quarters mean. However, if things are the same, the company assumes that tariffs will simply add $ 900 million to its expenses.

The news was relieved for investors, even one called it “pretty good results.” However, investors are still concerned about what the next trimester can put in the US trade policy in recent weeks.

Cook told investors that Apple’s estimate was meant to provide some colors and only keep in mind if the current global tariff rates, policies and applications do not change for quarterly balance and if no new tariffs are added.

He warned that this hypothesis should not be used to project the impact of tariffs on the future quarter, as there are “unique reasons” benefited in the quarter of June.

In An interview with CNBCCook reduced the impact of the tariff, noting that Apple is already about half of the iPhone for the United States from India and most other products from Vietnam to the US market.

When the investor was pressed to give more details in and out of June quarter, Cook said, “I don’t want to predict the future, because I’m not sure what will happen to the tariff.”

Cook has added that he does not want to predict the future production mixture, but mentions that he was very employed in the customs discussion. (Soon after the meeting with President Trump, Apple’s iPhones were saved from trade policy changes It could have increased the price of iPhone))

“For our parts, Cook said,” We will concentrate on the long -term investment and with the dedication of innovation and focus on the possibilities that it creates, we will always handle our thoughts and deliberate decisions. ” “As we look forward to, we are confident, confident that we are confident and confident in our skills to innovate and enrich our users that we can continue our business in such a way that Apple has always separated.”