Apple faces $900 million in losses due to Trump's trade war

Economy 12:03 02.05.2025

Apple expects to see a $900 million increase in revenue from the current quarter due to the new tariffs imposed by US President Donald Trump.

According to EDnews the company's CEO Tim Cook made this announcement during a conference call on the earnings report.

According to him, the support of iPhone production from China to India has already begun.At the same time, the main production location for iPad, Mac, Apple Watch and AirPods models sold in the United States will be Vietnam. China will remain the main production location for sales aimed at markets outside the United States.

Although the company said that the tariffs had a limited impact in the March quarter, it noted that the current changes will result in an additional cost of $900 million.The company is expected to impose a 145% tariff on Chinese goods in April and separate tariffs on electronics products will take effect in the coming weeks. These decisions are a serious development for the company, given that more than 90% of Apple's production occurs in China.

Madina Mammadova\\EDnews

IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

UK, France to order more Storm Shadow missiles, plan next-generation replacements
12:30 10.07.2025
Houthis kidnapped crew members of Eternity C vessel, US Embassy in Yemen says
12:15 10.07.2025
President Ilham Aliyev addresses participants of ICDO General Assembly session
12:00 10.07.2025
US to impose 50% tariffs on imports from Brazil starting August — Trump
11:45 10.07.2025
US resumes certain arms shipments to Ukraine
11:30 10.07.2025
SOCAR president participates in OPEC International Seminar
11:15 10.07.2025
Shepherd hit by landmine in Azerbaijan's Aghdara
11:00 10.07.2025
Politico: Over 2,000 senior employees expected to depart from NASA
10:45 10.07.2025
Microsoft racks up over $500 million in AI savings while slashing jobs
10:30 10.07.2025
Hanoi invites Baku to take part in Vietnam's national holiday celebrations
10:15 10.07.2025
Turkish foreign minister to attend Türkiye-ASEAN meeting
10:00 10.07.2025
2 killed, 13 injured in night attack on Kyiv
09:45 10.07.2025
UAE president meets Armenian PM
09:35 10.07.2025
Meeting of Ilham Aliyev with Nikol Pashinyan kicks off
09:30 10.07.2025
UK, France might join nuclear deterrence forces if need arises
09:15 10.07.2025
Israeli army launches ‘special, targeted’ operations in southern Lebanon despite ceasefire
21:20 09.07.2025
Defense ministers of Armenia, Iran mull regional security issues
21:10 09.07.2025
Europe faces climate-driven heat wave, wildfires, and storms
20:45 09.07.2025
774 unaccompanied refugee children disappeared in Belgium in 2024 Report
20:20 09.07.2025
Israel eyes ‘voluntary migration’ of Palestinians as ceasefire talks continue
20:00 09.07.2025
Junior doctors in England to go on strike over pay dispute
19:45 09.07.2025
French, UK leaders to meet at Downing Street over Channel migrant crisis
19:30 09.07.2025
Kenyan president warns of plot to overthrow government with protests, says ‘enough is enough’
19:15 09.07.2025
Polish premier says government holds stable majority despite coalition tensions
19:00 09.07.2025
UAE company to produce transformers in Azerbaijan’s Jabrayil
18:45 09.07.2025
Search conducted at headquarters of National Unity Party in France
18:30 09.07.2025
Russia says it expects US to continue efforts to resolve Ukraine conflict
18:15 09.07.2025
Ukraine says it detained 2 Chinese citizens over espionage
18:00 09.07.2025
Nearly 6,000 former IDPs to return to Azerbaijan's Khojaly, Aghdara
17:45 09.07.2025
Ankara declared tourism capital of Turkic world
17:30 09.07.2025
Zakharova: Moscow maintains contacts with Baku through law enforcement agencies
17:15 09.07.2025
Erdogan: Türkiye to hold presidential elections in 2028
17:00 09.07.2025
Azerbaijan, Kazakhstan hold Tarlan-2025 exercise
16:45 09.07.2025
Russian foreign minister to pay 3-day visit to North Korea
16:30 09.07.2025
President Aliyev Arrives in UAE for Official Meetings
16:15 09.07.2025
MFA: Allegations by Iranian ambassador on Khankendi Communiqué are unacceptable
16:00 09.07.2025
Date for PKK disarmament in northern Iraq revealed
15:45 09.07.2025
Turkish foreign, defense ministers hold talks in Pakistan
15:30 09.07.2025
Bridge collapse kills 9 in India's Gujarat state
15:15 09.07.2025
Azerbaijani, UAE presidents to meet in Abu Dhabi
15:00 09.07.2025
Hamısı