Apple’s boss Tim Cook estimated the cost increased costs caused by the customs duties imposed by US President Donald Trump on Thursday at 900 million dollars in the second quarter. The production of the American group is mainly carried out in Asia.
The manager did not indicate whether part of this increase would be reflected in selling prices. He noted that Apple’s products from China were exempt from new customs duties, awaiting examination by the United States government.
But it expects “the majority of the iPhone sold in the United States” in the second quarter come from India. This strategy will avoid customs duties of 145% applied by the United States to products from China. The iPad, Mac, Connected Watches or AirPods (headphones) will originally have Vietnam, added the manager.
Better than expected results
Apple published results above expectations for the first three months of the year on Thursday, stimulated by the recovery of sales of its flagship product, the iPhone, but expects a leap in its costs in the second quarter due to customs duties.
The net profit appears at $ 24.8 billion, up 4.8% over a year, in terms of the second quarter of the company’s offbeat. Reported by action, it reached $ 1.65, a little better than $ 1.62 anticipated by analysts, according to a consensus established by FactstSet.
The Cupertino group (California) benefited from an increase of 1.9% of iPhone sales, after having recorded a slight decline in the previous quarter (-0.8%).
If the iPhone was doing well at the start of the year, it is the activity of the services that remains the most dynamic (+11.7%), as in the previous quarters. It includes the App Store application shop, musical streaming platforms (Apple Music) and video (Apple TV), as well as remote data storage (iCloud). In total, turnover amounts to $ 95.4 billion (+5.1%), above analyst projections.
