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Apple CEO Tim Cook Sees $900 Million Hit From Tariffs In June Quarter If Rates Stay The Same – Update
Apple beat on the top and bottom lines for its fiscal second quarter ending in March but Wall Street mostly needs guidance from CEO Tim Cook on the impact of tariffs.
AppleApple Apple beat on the top and bottom line for its fiscal second quarter ending in March but Wall Street is holding tight for any guidance from CEO Tim Cook on the impact of tariffs on its business. Cook hasn’t publicly commented yet on the swirling global import taxes that have sowed turmoil with markets, corporate plans and consumer confidence. The quarterly numbers hit the day after a scathing ruling against Apple in its longstanding antitrust battle with Fortnite maker Epic Games as a federal judge said the company knowingly violated a court order prohibiting it from collecting fees on purchases made outside of iOS apps.
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