Apple has managed tariffs so far, but Cook lacks long-term answers
Publishing timestamp: 2025-05-01 23:46:13
Summary
Apple is predicting about $900 million in additional costs for tariffs for the current quarter, but uncertainty remains beyond June. Despite beating Wall Street expectations for revenue, Apple shares fell as much as 4% in extended trading. CEO Tim Cook discussed how the company is navigating Trump administration's tariffs, including sourcing products from India and Vietnam. Other tech companies like Amazon and Microsoft are also feeling the impact of tariffs.
Sentiment: MIXED
Tickers: AAPL,
Keywords: breaking news: technology, business, business news, apple inc, mobile, tim cook, technology, entertainment,