Tim Cook: Apple faces a $1.1 billion tariff bill this quarter

3 months ago 5
An Apple logo on a glass wall.

Apple is facing high tariff costs in the current quarter, projected to reach a whopping $1.1 billion.

The company's CEO Tim Cook shared the projections, based on current rates and policies, with investors during an earnings call on Thursday. The hike comes amid a continuous trade war between China and the U.S. government.

SEE ALSO: Source: https://mashable.com/article/apple-tariffs-1-billion-projection-tim-cook
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