Apple Estimates Trump Tariffs Will Add $900 Million to Costs in June Quarter, Services Revenue Climbs to New Record

Apple achieved record sales in its services segment, hitting $26.65 billion, while overall revenue surpassed expectations at $95.36 billion—though slight shortfalls due to increased Chinese import tariffs cost the company about $900 million for the June quarter. The company is expanding its supply chain strategy, sourcing products like iPads and Macs from Vietnam instead of China, but faces potential price hikes from new semiconductor tariffs. Despite legal setbacks related to a court ruling on in-app payments, Apple remains confident in its resilience as it adapts strategically, focusing on reducing carbon emissions and addressing antitrust concerns with Google.