Apple hits file India income in June quarter, sees $1.1 billion September quarter tariff prices general

iPhone-maker Apple clinched income information in over two dozen markets, together with India, in June quarter earnings that topped road expectations, however CEO Tim Cook referred to as out the “evolving” tariff state of affairs and estimated September-quarter tariff prices at about $1.1 billion.

During the Q3 FY2025 earnings, Mr. Cook spoke of opening new shops in India and the UAE later this yr.

He stated the corporate noticed iPhone progress in each geographic phase and double-digit progress in rising markets, together with India, the Middle East, South Asia, and Brazil.

“We saw an acceleration of growth around the world in the vast majority of markets we track, including greater China and many emerging markets, and we had June quarter revenue records in more than two dozen countries and regions, including the U.S., Canada, Latin America, Western Europe, the Middle East, India, and South Asia,” Cook stated, including these outcomes had been pushed by double-digit progress throughout iPhone, Mac, and providers.

The state of affairs round tariffs is “evolving”, he stated, including that for the June quarter, the corporate incurred about $800 million of tariff-related prices.

“For the September quarter, assuming the current global tariff rates, policies, and applications do not change for the balance of the quarter, and no new tariffs are added, we estimate the impact to add about $1.1 billion to our costs. This estimate should not be used to make projections for future quarters, as there are many factors that could change, including tariff rates,” he stated.

He talked about the recently-launched Apple Store on-line in Saudi Arabia, and stated, “We couldn’t be more excited to open new stores in the UAE and India later this year”.

For the June quarter, the tech titan reported income of $94.04 billion, the ten% year-on-year progress topping Wall Street expectations, whereas web revenue got here in at $23.42 billion, up 9.2% from a yr in the past.

Meanwhile, the U.S. has introduced a 25% tariff on India because the White House launched a listing of duties that Washington will levy on exports from nations throughout the globe. In an Executive Order titled ‘Further Modifying The Reciprocal Tariff Rates’, President Donald Trump introduced tariff charges for practically 70 nations around the globe.