Elyse Betters Picaro / ZDNET
ZDNET's key takeaways
Tariffs cost Apple approximately $800 million last quarter.
That bill will go up to about $1.1 billion this quarter.
Apple says 1 in 10 iPhone sales in April were due to tariff fears.
Apple earnings calls usually have a theme, and there's usually a word associated with that theme that ends up being repeated many times throughout the call. During yesterday's call, the theme and repeated word was "tariffs."
iPhone sales were up
Because of the negative aura that surrounds that T word, Apple was keen to keep things upbeat, and with good reason. After all, iPhone sales were up 13% year over year, generating a colossal $44.6 billion in revenue.
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