Apple girds for more trade war pain, trims buyback

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/apple” target=”_blank”>Apple on Thursday trimmed its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/share-buyback” target=”_blank”>share buyback program by $10 billion, with CEO data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/tim-cook/profileshow/80563356.cms”>Tim Cook telling analysts that ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tariffs” target=”_blank”>tariffs could add about $900 million in costs this quarter as the iPhone maker shifts its vast ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/supply-chain” target=”_blank”>supply chain to minimize the impact of President Donald Trump’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/trade-war” target=”_blank”>trade war. Cook also said Apple’s planned $500 billion in spending to expand its U.S. footprint would involve both capital outlays and increased operational expenses as it builds out server and chip factories with its manufacturing partners. In addition, he outlined how Apple has started…



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Apple girds for more trade war pain, trims buyback


ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/apple” target=”_blank”>Apple on Thursday trimmed its ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/share-buyback” target=”_blank”>share buyback program by $10 billion, with CEO data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/tim-cook/profileshow/80563356.cms”>Tim Cook telling analysts that ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tariffs” target=”_blank”>tariffs could add about $900 million in costs this quarter as the iPhone maker shifts its vast ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/supply-chain” target=”_blank”>supply chain to minimize the impact of President Donald Trump’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/trade-war” target=”_blank”>trade war. Cook also said Apple’s planned $500 billion in spending to expand its U.S. footprint would involve both capital outlays and increased operational expenses as it builds out server and chip factories with its manufacturing partners. In addition, he outlined how Apple has started…



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Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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