Hey there, Apple fans! 🍎
Have you ever wondered how much it costs to make all those cool iPhones and iPads? Well, here’s some news! Apple CEO Tim Cook announced that tariffs might add a whopping $900 million to Apple’s costs in the next quarter! That’s a lot of zeroes! 😲
What are tariffs? They’re like taxes that countries put on products coming from other countries. Imagine if you traded stickers with friends, but every time you got one from a different school, you had to give a piece of candy to the teacher. That candy is like a tariff! 🍬
Because of these tariffs, Apple expects that most iPhones sold in the U.S. will be made in India for the June quarter. That’s a big move! 🇮🇳📱 But don’t worry, Apple products sold outside the U.S. will still mostly come from the Chinese mainland. 🇨🇳
After this news, Apple’s shares (that’s like pieces of the company people can buy) fell by 4%. This happened because Apple’s sales in China went down compared to last year. 📉
Why does this matter? Well, changes like these can affect how much devices cost and where they’re made. It’s like shifting where your favorite toys come from! 🧸
So, next time you use your iPhone or iPad, you can think about all the places it might have come from and how the world of trade affects it! 🌏✨
Reference(s):
cgtn.com
