The company predicts additional costs of $ 900 million in the second quarter due to the duties introduced, while most iPhone will now be held in India and other products in Vietnam.
Apple has warned that the duties introduced by the US government are worth the company, at least $ 900 million in the second quarter of 2025, General Director Tim Cook said during the reporting to investors. The Verge reported this Friday, May 2.
“Provided that the current global tariff rates, politics and their use will not change until the end of the quarter and new duties will not be introduced, we have estimated the influence on our costs of $ 900 million,” Cook said. “This analysis should not be used for forecasts for future dwellings, as there are some unique factors for the June quarter,” he added.
After that, Cook made it clear that in the second quarter, most of the iPhone for sale in the United States will work in India, while almost all iPad, Mac, Apple Watch and AirPods in Vietnam. China will remain a major source of markets for markets outside the United States.
“As for the categories of duties associated with us in the June quarter, most of the influence falls on the tariff associated with the IEEPA Act, introduced in February, with a rate of 20%. This applies to imports in the United States made in China. Rate at least 145%.
He also emphasized that the company’s major products – iPhone, Mac, iPad, Apple Watch and Vision Pro – are currently not under the scope of global glass tariffs announced in April, as the U.S. Department of Community began an investigation into the importation of semiconductors.
Remember, Apple is transferring iPhone to make from China to India. Planned by the end of 2026, most smartphones for the American market will be made in new factories.
In particular, recently, Apple, who was trying to move around Trump’s tariffs, brought 600 tons of iPhone (1.5 million pieces) to the United States from India.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.