Tariffs will take a $900 million bite out of Apple next quarter, says Tim Cook

Apple showcased its ability to maintain profitability amidst global tariffs during an earnings call, thanks to strategic shifts in manufacturing to countries like Vietnam. Despite supply chain challenges, the company emphasized using local production as a buffer against future disruptions, while analysts noted broader economic uncertainties could impact the next quarter. Meanwhile, Apple is ramping up U.S. manufacturing, including plans in Arizona, signaling long-term cost management despite ongoing tariff concerns.