by Stephen Nelis and Akash Sriram
San Francisco (Reuters) – Apple estimated on Thursday that its costs would increase by around $ 900 million in the quarter ending in June due to customs duties established by US President Donald Trump if their rates were unchanged.
The title lost 3.8% in the after-Bourse exchanges.
Although the results of the apple firm have established above analysts’ expectations, investors concentrate the effect of the concern linked to the new American customs rights during the next quarter.
The company estimates that the growth of its turnover in the third quarter will be low to average, which is online with the expectations of analysts who predict a growth of 4.28% to 89.45 billion dollars, according to LSEG data.
Apple reported a turnover of $ 95.36 billion in the closed quarter on March 29, an amount greater than the consensus which appeared at $ 94.68 billion, according to LSEG data.
Iphones sales have also exceeded analysts’ expectations, standing at $ 46.84 billion, against estimates of $ 46.17 billion, according to LSEG data.
Apple Managing Director Tim Cook said Apple that Apple had found a “limited impact” of customs duties during the second quarter, the company having transferred its supply chains and stocks.
For the quarter ending in June, “assuming that the rates, policies and application of current international customs duties do not change during the quarter and that no new surcharge is added, we estimate that (customs duties) will add $ 900 million to our costs,” he said, however.
Tim Cook said that iPhones for the American market would largely come from India during the current quarter and that most iPads, Mac and Apple Watch computers are imported from Vietnam.
The majority of Apple products for destinations from other markets will always be sent from China.
The Trump administration has so far exempted electronic customs duties, but Washington warned that this could change in the coming weeks.
Tim Cook told Reuters that the stocks of iphones at the start and at the end of the second quarter were comparable, which means that the company did not develop additional stocks during this period.
( Camille Raynaud)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
