Apple doesn’t seem too worried about Trump’s tariffs
1 min read
Summary
Apple’s latest set of financial results showed overall revenue of $95.
4bn - a rise of 5% on the previous year - with services reaching an all-time high and the iPhone, Mac and iPad businesses performing well.
The company has recently launched several new devices, including the MacBook Air, Mac Studio, iPad Air and iPhone 16E.
However, its software team has faced problems, with long-awaited improvements to Siri delayed and Apple reportedly looking to integrate Google’s Gemini AI software.
The impact of Trump’s tariffs on China is also a concern, although CEO Tim Cook has downplayed the issue, noting that over half of US iPhone sales come from India.
A significant legal issue involves a ruling that could limit the company’s control over its App Store.
Apple has appealed the decision but if it stands, companies including Epic, Spotify and Patreon could bypass Apple’s payment systems.