Apple may be faced with a financial blow of up to $ 900 million in the current quarter if the Trump government proceeds with US duties to imported products, according to company chief executive Tim Cook. “We estimate that the costs will increase by $ 900 million,” Cook said when analyzing analysts about the financial results of March, adding that this estimate is only for that quarter and should not be used as a forecast for the future. “There are some unique factors that benefit the June quarter,” he added, according to Interestingngineering. The prospect of imposing duties is at a critical time for Apple, which is already facing sales fall in China and new legal obstacles in the US. Although in the past he had secured an exception to the duties for smartphones and other electronics, Trump has now proposed new duties to semiconductors, which could increase the cost for everything […]
Source: News Beast
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