Apple shares fall as Cook says 'very difficult' to predict tariff costs beyond June
Publishing timestamp: 2025-05-01 16:00:01
Summary
Apple reported earnings that beat expectations, but the Services division fell short. CEO Tim Cook expects tariffs to add $900 million to costs for the current quarter. Apple is already sourcing products from India and Vietnam to avoid higher tariffs from China. Despite the positive earnings, shares fell in extended trading. Cook remains confident in the company's ability to manage through uncertainties.
Sentiment: MIXED
Tickers: AAPL,
Keywords: business, tariff, china, donald trump, apple inc, tim cook, technology, donald j. trump, earnings, breaking news: technology, entertainment, dividends, business news,
Source: https://www.cnbc.com/2025/05/01/apple-aapl-earnings-report-q2-2025-.html