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Apple says new U.S. tariffs on Chinese products will cost the company about $1.1 billion next quarter, according to TechCrunch. These extra costs come from a 145% tax on Chinese goods that started in April, making it harder for electronics companies to keep profits up.
To deal with this, Apple is speeding up its plan to build products in other countries. It’s making more iPhones in India and Vietnam, and putting more money into factories in the U.S., according to people who know about the plan. Apple talked about these costs during its earnings call two weeks ago, but the new number shows the problem is bigger than they first said.
#Chinese
#TechCrunch
#Apple
#iPhone
#India
To deal with this, Apple is speeding up its plan to build products in other countries. It’s making more iPhones in India and Vietnam, and putting more money into factories in the U.S., according to people who know about the plan. Apple talked about these costs during its earnings call two weeks ago, but the new number shows the problem is bigger than they first said.
#Chinese
#TechCrunch
#Apple
#iPhone
#India
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