Apple says that Trump’s tariff adds another billion dollars to its costs

Apple spends a lot On President Donald Trump’s tariff. During a profit call on Thursday, the CEO of Apple Tim Cook said that the duties may add $ 1.1 billion to its costs during the quarter of September.

Cook says that Apple has already spent about $ 800 million in the quarter of June, which is less than 900 million dollars expected the company in May. Cook said: “The bulk of the definitions that we paid is the customs tariff (the Economic Forces Law of International Emergency) that were struck early in the year, related to China.”

Trump’s comprehensive definitions affected all Apple devices, which are mainly manufactured in China, India and Vietnam. Cook said that the majority of iPhone devices sold in the United States are manufactured in India, while most Mac, iPads and Apple devices come from Vietnam. Trump Threaten Apple with a higher tariff if the company does not transfer some of its production to the United States.

“There are many factors that can change, including customs tariff rates,” Cook notes. Despite the concerns surrounding definitions, The company’s quarterly revenues He jumped 10 percent to $ 94 billion between April and June, while IPHONE and Mac sales are still strong.