Tim Cook explains why Apple isn’t worried about iPhone tariffs

Apple just reported its latest quarterly earnings, and as expected, CEO Tim Cook came prepared to discuss the US tariff situation. In a new CNBC article, Cook explains why Apple isn’t worried about potential tariff impacts on the iPhone and its other products. Kif Leswing writes at CNBC: Cook told CNBC that Apple is already sourcing about half of the iPhones for the U.S. from India, and most of its other products for the U.S. from Vietnam, where tariffs are lower than they are from China. Apple still makes the “vast majority” of its products for other countries from China, Cook said. “If you look at the U.S., over half of the U.S. sales of iPhone come from India,” Cook said. “If you look at the other products, Mac and iPad and AirPods and the Watch, almost all of the country of origin is Vietnam.” Currently, Apple has been spared any major impact from potential US tariffs thanks to exemptions for smartphones, computers, and related tech. However, there has continued being uncertain ... Read full article.