Apple CEO Tim Cook says tariffs to add $900M in costs in Q3, but future uncertain

Apple CEO Tim Cook presented the company’s first comments on President Trump’s impact on President Trump’s prices during Thursday’s second quarter revenue. Although the iPhone maker saw only “limited effect” from revenue in the March quarter, Coke said Apple could not predict what it would mean for the coming quarter. However, if matters remain the same, the company is estimated that revenue Q3 will only increase its costs by 900 million.

The news was a relief for investors, even as he called it a “great result”. However, in recent weeks, in view of the rapid changes in US trade policy, investors are still concerned about what the next quarters could be held.

Cook told investors that Apple’s estimation was to provide some colors and will remain only when the current global prices, policies, and applications were not changed for the quarterly balance and if no new revenue was added.

He also warned that this estimate should not be used to present the effects of taxes in future circles, as there are “unique factors” that benefit the June quarter.

I An interview with CNBCCook had reduced the impact of prices, and it was noted that Apple was already producing half its iPhones from India to the United States, and most of the other products for the US market from Vietnam.

When an investor was pressured to provide further details of June quarter and beyond, Cook said, “I don’t want to predict the future, because I am not sure what will happen to the taxes.”

Cook added that he would not want to predict the production mixture in the future, but he noted that he was very busy in tariff debates. (It was already clear. Immediately after meeting President Trump, Apple’s iPhones saved from changes in trade policy This could have been sent to the iPhone prices.)

Cook said, “We will organize the company this way, with thinking and deliberate decisions, with dedication and deliberate decisions for the long -term, and with dedication to innovation and its possibilities for the long -term.” “As we look ahead, we are confident, confident that we will continue to build the world’s best products and services, who trust our customers’ ability to innovate and strengthen their lives, and believe that we will continue to run our business in a way that has always separated Apple.”