Amidst the trade war with China, Apple’s CEO says that most American iPhones to be ‘sour’ in India
New Delhi: Apple CEO Tim Cook said on Thursday that most Americans in India would be “sour” amid growing tariff tension between states and China.
He said that he hoped that “most of the iPhones sold in the US would keep India as their original country.”
He said that the business tariffs targeted by China – where Apple manufactures many of its iPhones – the company’s cost could be more than $ 900 million. However, he said that the exact effect of tariff is difficult to predict.
Despite the trade pressures, Apple posted a strong-to-first earnings for the first three months of the year, Cook noted that Tariff had only a limited impact on the company’s fiscal second quarter results.
It reported concrete earnings for the first three months of the year, an increase of 4.8% in profit $ 24.78 billion, or $ 1.65 per share, above $ 23.64 billion, or a year ago there was $ 1.53 per share per share. The revenue rose 5.1% to $ 90.75 billion to $ 95.36 billion.
The declaration of Trump of 145% tariff on Chinese -made goods including iPhones trigge a crowd among American consumers to buy equipment before the expected price hike. However, the increase in sales will not be reflected in Apple’s earnings until the April-June quarter. A fresh trade war has intensified the pressure on cook to repeat diplomatic maneuvers that helps to mold the iPhone from tariff during the first Tram’s first term.
