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Apple Faces $900M Tariff Costs, Shifts Production to India

5/16/2025

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Summary

Story summary

Apple CEO Tim Cook revealed the company could incur $900 million in costs this quarter due to tariffs, potentially leading to price hikes for new iPhones. To combat this, Apple plans to enhance features while managing perceptions. Additionally, the tech giant is set to shift iPhone production from China to India by 2026, aiming to mitigate geopolitical risks.

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Story summary

Apple CEO Tim Cook revealed the company could incur $900 million in costs this quarter due to tariffs, potentially leading to price hikes for new iPhones. To combat this, Apple plans to enhance features while managing perceptions. Additionally, the tech giant is set to shift iPhone production from China to India by 2026, aiming to mitigate geopolitical risks.