Apple reported strong first-quarter profits, but CEO Tim Cook cautioned about US tariffs potentially costing the company $900 million this quarter. To mitigate this, Apple is shifting production, with most iPhones sold in the US originating from India. "We are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter," news agency Reuters quoted Tim Cook as saying.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Lrc4ib6
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