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Apple's Conference Call Highlights: Shift in Production to India and Vietnam, Potential $900 Million Cost Increase Due to Tariffs
12 hour ago /
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Author：小编
Apple's earnings for the second fiscal quarter surpassed expectations; however, future growth prospects remain clouded by President Trump's tariff policy. In response to escalating tariff pressures, Apple CEO Tim Cook revealed that the majority of devices sold in the United States will henceforth be manufactured in India and Vietnam. The company anticipates that these tariffs will inflate costs by approximately $900 million during the third fiscal quarter. Additionally, Apple's sluggish progress in AI development and the legal hurdles faced by the App Store in the US have dampened investor confidence. Despite a robust financial performance in the current quarter, Apple's stock price declined by roughly 4% during after-hours trading.
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