Apple fell a stock, a customs cost of $ 900 million, but they fear what will be behind June
On Thursday, Apple announced business results for the second quarter, which surpassed the forecasts and their total revenues were $ 95.4 billion, but the shares recorded a decline during trading, and the Tim Cook director also made the first comments on the impact of customs on the business of the company. He said they saw the ‘limited impact’ on this quarter because they optimized the supply chains.
Apple expects customs to bring $ 900 million in the current quarter, if there are no new customs or major changes, Tim Cook said, writes CNBC.
But Cook emphasizes that it is currently difficult to bring forecasts away from June because they do not know what will happen to customs.
He said that he would lead the company as before, with thoughtful decisions and focus on long -term investments and committed to the innovations and opportunities they bring.
He said that Apple is already purchasing about half of the iPhone for the US market from India, and most of the other products for the US from Vietnam, which are worth lower customs duties than for China. He also confirmed that the vast majority of its products continue to produce in China for other countries.
He added that the iPhone uses a lot of chips from the US and that they buy 19 billion chips from the US this year.
