Apple expects $900 million tariff hit, Amazon sees no impact yet

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Amazon and Apple‘s quarterly results managed to beat expectations, but their forecasts in the backdrop of US President Donald Trump’s tariffs raised concerns.The iPhone maker earned $24.78 billion, or $1.65 per share, in the three months to March, up 4.8% from $23.64 billion, or $1.53 per share, in the year-ago period. Revenue rose 5.1% to $95.36 billion from $90.75 billion.

Meanwhile, Amazon earned $17.13 billion, or $1.59 per share, in the March quarter, compared to $10.43 billion, or 98 cents a share, in the corresponding period a year ago. Revenue…



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Apple expects $900 million tariff hit, Amazon sees no impact yet


Amazon and Apple‘s quarterly results managed to beat expectations, but their forecasts in the backdrop of US President Donald Trump’s tariffs raised concerns.The iPhone maker earned $24.78 billion, or $1.65 per share, in the three months to March, up 4.8% from $23.64 billion, or $1.53 per share, in the year-ago period. Revenue rose 5.1% to $95.36 billion from $90.75 billion.

Meanwhile, Amazon earned $17.13 billion, or $1.59 per share, in the March quarter, compared to $10.43 billion, or 98 cents a share, in the corresponding period a year ago. Revenue…



Source link

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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