Source: International Business Times
Apple chief Tim Cook says most of the iPhones brought into the United States will originate in India as the tech company tries to soften the blow from the US trade war with China AFP Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain. Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call. Cook said he expected "a majority of iPhones sold in the US will have India as their country of origin," adding that Apple's products were exempt from Trump's most severe reciprocal tariffs for now.
