Apple shares fall as tariff costs to add more agony

Reuters

Summary

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Apple on Thursday evening delivered solid quarterly numbers on many of the things Wall Street was concerned about — from better-than-expected iPhone sales to better-than-feared results in China.
CNBC
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Apple is expected to rely more heavily on India for iPhone production as it adapts to rising US import tariffs on Chinese goods under the Trump administration’s reciprocal trade policy.
Hindustan Times
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While almost a $1 billion in extra fees paid to the government is nothing to sneeze at, Apple is so enormous that one analyst on the quarterly earnings call described the hit as surprisingly low.
TechCrunch
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Its net income for the quarter increased to 24.78 billion dollars from 23.64 billion dollars a year ago.
XinhuaNet

■ Story #6 ▪

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updated 88:88

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