$Apple(AAPL)$ Apple (AAPL) Chief Executive Officer Tim Cook said the company estimates an additional $900 million in costs in fiscal Q3 June quarter "assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter, and no new tariffs are added." Trump Adminstration global tariff rates have made a lot of havoc on Apple's short term earning prospects. Cook went on to add in the company's fiscal Q2 earnings conference call late Thursday that the "estimate should not be used to make projections for future quarters, as there are certain unique factors that benefit the June quarter." Responding to a question from Amit Daryanani, an analyst at Evercore ISI Institution
Apple (AAPL.US) Q1 performance growth faces test
Apple will report its first-quarter fiscal 2025 results on Jan. 30, and investor concerns are focused on possible challenges to iPhone sales in China. Despite slowing iPhone sales growth, the services segment continued to grow. The market expects Apple's revenue to increase by 3% year-on-year, a lower growth rate than the previous quarter. Apple's services revenue continues to grow and margins have improved. Investors will be watching for any positive surprises.