Apple CEO Tim Cook says tariffs to add only $900M in costs in Q3

Apple CEO Tim Cook commented on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn’t forecast what that would mean for the coming quarter. However, if things remained the same, the company estimates tariffs will only add $900 million to its costs.The news was a relief to investors, with one even calling it a “pretty good outcome.” However, investors w ...