As part of the ongoing Q3 2025 earnings call, Apple CEO Tim Cook gave an update on how the U.S. tariff war is affecting the company’s business, and detailed what to expect during the next fiscal quarter if nothing changes.
On the conference call, Cook said:
“For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications the balance of the quarter, and no new tariffs are added, we estimate the impact to add about $1.1 billion to our costs.”
Cook noted that with policy still in flux, the market shouldn’t take these estimates as a basis to make projections for future quarters.
Last quarter, Apple provided a $900 million outlook for the tariff impact, so the $800 million figure could be seen as good news, as it shows the company was able to quickly respond to the situation, mainly with the shift of U.S.-bound iPhone production from China to India.
Apple hasn’t said which products or regions were most affected by the $800 million Q3 hit, or whether the $1.1 billion expected in Q4 might be passed on to consumers, though that could still come up later in the call.
Despite the tariff drag, Apple still posted $94.04 billion in revenue for the June quarter, up 10% year over year, with iPhone, Mac, and Services all showing solid growth.
For the full breakdown of Apple’s results, click here.
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