Apple's Global Revenue Surge Amidst Tariff Challenges
Apple, driven by robust iPhone, Mac, and services growth, has set revenue records in over two dozen markets, even as CEO Tim Cook addresses the evolving global tariff landscape. The June quarter witnessed substantial growth, but tariff costs remain a concern, projected at USD 1.1 billion for the September quarter.
- Country:
- India
Apple, the renowned iPhone maker, achieved record-breaking revenues in more than two dozen markets for the June quarter, including strong performances in India and other emerging markets. The company's earnings surpassed Wall Street expectations, bolstered by double-digit growth in iPhones, Macs, and services.
Despite this success, CEO Tim Cook highlighted concerns about the evolving global tariff situation, estimating an additional USD 1.1 billion in costs for the September quarter. This estimate hinges on the assumption that current tariff rates remain unchanged.
The company reported a revenue of USD 94.04 billion in the June quarter, marking a 10 percent year-on-year growth. Meanwhile, the US government has initiated a 25 percent tariff on Indian exports, adding another layer of complexity to the global trade environment.
(With inputs from agencies.)
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