Tariffs could add $900 million to Apple’s costs this quarter, Apple CEO Tim Cook said on Thursday, as he revealed the tech giant was shifting production of iPhones sold in the United States from China to India.

Apple CEO Tim Cook revealed some much-anticipated details about the impact of President Donald Trump’s trade war on his company, describing a relatively modest increase in costs this quarter. But his response didn’t entirely satisfy Wall Street,

Apple has unveiled its results for the first quarter of 2025, with iPhone sales just reaching the forecast $46 billion. Apple CEO Tim Cook said that planned US tariffs on foreign imports will add $900 million in costs in the current period — Bloomberg News (@bloomberg.