On the same call, Apple finance chief Kevan Parekh reportedly said Apple expects overall revenue growth in low to mid-single digits on an annual basis during the current quarter, which ends next month. Cook’s forecast of tariffs adding $900 million to the current quarter are dependent upon no new tariffs or other major changes occurring.
Cook reportedly told those on the call that it would be difficult to predict beyond June, “because I’m not sure what will happen with tariffs.”
Amid Trump’s escalating tariff standoff with China, Apple has reportedly been scrambling to shift U.S. iPhone production to India. Cook reportedly told CNBC that the company already makes about half of U.S.-bound iPhones in India and most other products for the U.S. in Vietnam.
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