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Apple Stock Falls After iPhone Maker Warns of Heavy Tariff Cost
That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell nearly 3% in premarket trading.
Apple’s stock falls as Tim Cook admits it’s ‘difficult to predict’ tariff impact
During the call, Cook offered analysts and investors his first thoughts on the potential impact of the tariffs on the company’s earnings. He said there was “limited impact” in the second quarter, partly due to Apple planning ahead and optimizing its supply chains.
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