At its Q3 2025 earnings, Apple CEO Tim Cook revealed that Apple absorbed approximately $800 million in tariff-related costs during the June quarter. He also claims that the tariff costs would increase to $1.1 billion in Q4 of this year, assuming current global tariff policies remain unchanged and unhinged. While the tariffs imposed by the government are affecting Apple and its operations, it was also recently reported that the company will increase the price of the iPhone to offset some of these concerns. Apple is facing mounting tariffs and trade tensions, forcing the company to adjust its pricing, supply chain […]
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