Apple projects tariff costs will hit $1.1B next quarter

CEO Tim Cook said on Thursday that the company’s earnings with investors said that the tariffs on July-to-September quarters are expected to spend $ 1.5 billion in July-to-September quarters.

These expenditure estimates, which are based on current rates and principles, may be less than the expectations of the previous quarter. Apple has spent about 800 million dollars of duty related to June quarters, less Than to assume $ 900 million The company divided in May.

Cook said most of the tariffs against the Apple stem have been collected from the International Emergency Economic Power Act (IEPA). Early this year, and in a drunk trade war, the US government and China agreed to 30% of tariffs In import from ChinaThe That trade agreement, which reduced the “mutual” duty from 125% to 10% (Plus 20% of the duty Against Fentanel -related China), stands until August 12.

Although sales increase the fuel for fearing tariffs, the fuel suggests sale, the cooking “pull” impact downplay by mentioning that customers were more inspired by the “energy of the product”.

“If you look at the iPhone, the 16 family has risen to double digit against 15 families in the pre-quarter quarter,” said Cook’s call. “And so we set an upgrade record … I think it’s directly because of the power of the product.”

The sale of iPhone has grown over 13% of the year and has grown Income is $ 44.5 Billion – About half of the total income of the entire company in this quarter, which reached $ 94 billion.

Nevertheless, the tariffs have an impact and it can continue, even if Apple moves its production technique to low -tariff countries.

Apple devices are originally produced in India, China and Vietnam. About half of the iPhone sold in the United States is produced in India, while on the other hand the clocks for McS, iPad and US customers are made in Vietnam. India and Vietnam are both victims of 25% and 20% duty respectively.

President Trump had earlier expressed his disappointment by transferring his supply chain focus to India, if Apple did not take the iPhone production to the United States, threatening the company with 25% tariff

Cook Revised Cook’s promise to call investors on Thursday, Cook said the company has been committed $ 500 billion in investment In the next four years, to make chips and semiconductor in the United States, across the country.