Tim Cook gave some clarity on India, but tariffs and AI remain big unknowns for Apple
Apple faces uncertainty regarding tariffs and supply chain diversification, with Tim Cook predicting potential $900 million losses for the June quarter.
Apple could spend $900 million on tariffs over the next quarter
Apple expects to pay approximately $900 million in US tariffs for April to June 2025, with uncertain future impacts due to potentially changing regulations.
Apple CEO Tim Cook says tariffs to add only $900M in costs in Q3 | TechCrunch
While the iPhone maker saw only "limited impact" from tariffs in the March quarter, Cook said Apple couldn't forecast what that would mean for the coming quarter.
Fannie Mae posts 29th straight quarter of profitability amid GSE shakeup
A profitable Fannie Mae, one with a strong balance sheet and strong capital focused on delighting customers, means a safe and sound U.S. mortgage market.