Apple has recently shifted towards diplomacy to navigate trade challenges, scoring exemptions on tariffs for Chinese-made iPhones. This strategic move allowed the company to showcase strong financial results, reporting a $24.78 billion profit, a 4.8 percent increase. The boost was driven by the launch of a new, affordable iPhone and solid sales of apps and services. However, the company faces hurdles from tariffs imposed by the Trump administration, raising concerns about potential price increases that spurred a rush in consumer purchases.
Apple's recent success is attributed to strong sales of a new, lower-priced iPhone and a strategic focus on diplomacy amidst tariff challenges.
The company managed to score tariff exemptions on exports of Chinese-made iPhones, allowing it to enhance its focus on business operations.
Despite navigating significant obstacles, including Trump's tariffs and AI system setbacks, Apple reported a quarterly profit of $24.78 billion, exceeding projections.
Recent challenges, particularly a 145% tariff on products from China, have raised concerns about potential iPhone price increases, driving a surge in sales before expected hikes.
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