Apple CEO Tim Cook said Thursday that the company could likely take a $900 million hit in the second quarter due to President Donald Trump’s tariffs, but added “certain unique factors” will benefit the tech giant, multiple outlets reported.
Cook gave the assessment on an earnings call.
“For the June quarter, currently we are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter,” Cook said on the call. “However, for some color, assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter and no new tariffs are added, we estimate the impact to add $900 million to our costs.”
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