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International Business Times
International Business Times
Business

Apple Expects $900 Mn Tariff Hit As Shifts US IPhone Supply To India

Apple United States Tim Cook India Jacob Bourne China Canalys Supply chain
Apple chief Tim Cook says most of the iPhones brought into the United States will originate in India as the tech company tries to soften the blow from the US trade war with China (Credit: AFP)

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting its supply chain.

Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was "limited" at the start of this year, chief executive Tim Cook said on an earnings call.

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