Apple’s business has been boosted by diplomatic moves, particularly exemptions from tariffs on Chinese-made iPhones. CEO Tim Cook recently secured these exemptions, allowing Apple to focus on its core business. The company reported a 4.8% increase in quarterly profit to $24.78 billion, surpassing Wall Street analysts’ expectations. Despite facing challenges, including the failure of its AI system and tariffs, Apple has managed to maintain steady performance. The company has shifted its supply chain to avoid tariffs on Chinese-made products and plans to assemble iPhones in India. However, the future of Apple’s services business remains uncertain due to antitrust issues and potential losses in services revenue. The company’s device business is also facing questions, with the delay of some features and the need for more time to complete work.
Reference : https://economictimes.indiatimes.com/markets/stocks/earnings/apple-tops-wall-streets-profit-expectations-but-tariff-fears-still-loom/articleshow/120807704.cms
