Apple, the world's most valuable company, is among the many corporate giants scrambling to adapt their business operations to weather the barrage of tariffs unleashed by Trump. Earlier on Thursday, General Motors told investors it expected to take a $4 billion to $5 billion hit this year as a result of the automobile tariffs imposed by Trump.

Apple chief executive Tim Cook has warned that Donald Trump’s tariffs will increase costs by $900mn in the quarter to the end of June, marking the latest sign of how the levies are cascading across corporate America.

Apple on Thursday estimated that tariffs will add about $900 million in costs to the quarter ending in June if rates do not change, with CEO Tim Cook outlining profound changes to the company's supply chain to minimize the impact of President Donald Trump's trade war.

Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business.

Apple published its Q2 2025 earnings report at the close of markets today. The company made $95.4 billion in revenue, beating the expectation of $93.56 billion. Apple earned $1.65/share, which manages to clear the expected $1.61 and the whisper number of $1.64.

Apple’s profit and revenue for the fiscal second quarter topped Wall Street’s expectations, but investors are waiting to hear what CEO Tim Cook has to say about the impact of tariffs and economic unce

Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump.

Apple's earnings will be a key update for investors looking for answers regarding the impact of tariffs, China competition, and progress on AI.