💨 Abstract

Apple's CEO, Tim Cook, announced on May 4 that the company might face additional $900 million in costs due to tariffs this quarter as it moves iPhone production from China to India. This shift is part of Apple's efforts to diversify its global supply chain beyond China, impacted by the 145% tariffs imposed by President Trump.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖

Powered by MessengerX.io