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Apple Stock Falls After iPhone Maker Warns of Heavy Tariff Cost
That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell more than 4% Friday morning.
Apple’s stock falls as Tim Cook admits it’s ‘difficult to predict’ tariff impact
During the call, Cook offered analysts and investors his first thoughts on the potential impact of the tariffs on the company’s earnings. He said there was “limited impact” in the second quarter, partly due to Apple planning ahead and optimizing its supply chains.
Apple’s earnings came in relatively strong - revenue grew 1.9% year-over-year to $46.84 billion, beating Wall Street’s $45.8 ...
Tim Cook highlighted Apple's ongoing efforts to mitigate tariff impacts. Click here to read why AAPL stock is a Hold until Q3 ...
The company announced it upped its quarterly cash dividend to $0.26 per share and its board approved a $100 billion share ...
Phone sales beat Wall Street’s expectations but Apple’s vagueness around tariff impacts didn’t sit well with investors.
Apple is slated to report fiscal second-quarter results after the market closes Thursday, with investors likely to be ...
Apple stock (AAPL) isn’t getting abandoned—but Wall Street is adjusting its lens. Several analysts cut their price targets ...
Apple reported fiscal second-quarter earnings after Thursday's closing bell. Investors got a bit of clarity on the tariff ...
Warren Buffett praised Apple CEO Tim Cook as a worthy successor to cofounder Steve Jobs after paring most of his investment ...
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Apple Escalates Epic Games Fight With Appeal – Stock Falls After Price Target CutApple (AAPL) has filed a notice of appeal with the Ninth Circuit in response to a federal court ruling last week that bars it ...
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