Apple's Record Revenue and Trade War Impact

SOURCE www.breitbart.com
Apple reported record revenue in the March quarter driven by strong demand for iPhones and other devices ahead of potential new U.S. tariffs. Majority of U.S. iPhones will now come from India, while iPads and other devices will be imported from Vietnam.

Key Points

  • Record revenue of $95 billion in March quarter
  • Majority of U.S. iPhones to be sourced from India
  • Challenges from ongoing trade war with China

Pros

  • Record revenue reported by Apple in March quarter
  • Strong demand for iPhones and other devices
  • Shift of iPhone production to India could mitigate tariff impacts

Cons

  • Ongoing challenges due to exposure to China
  • Potential impact on operating profit from Google search engine royalties
  • Legal challenges related to App Store policies