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On Thursday, Apple disclosed $94 billion in revenue for the June 2025 quarter, marking a 10% uptick compared to last year. The iPhone, Mac, and Apple’s services all experienced significant growth during this timeframe. Apple also revealed that it incurred $800 million in tariffs, which is $100 million less than its May forecast. The iPhone manufacturer anticipates this tax will surge to $1.1 billion for the September quarter, coinciding with the launch of the iPhone 17 series and the new Apple Watch Series 11 models.
In a related matter, President Trump enacted an executive order on Thursday that places tariffs ranging from 10% to 41% on numerous nations. Taiwan, where Apple’s principal iPhone chip supplier TSMC operates, faces a 20% tariff, pending discussions. Additionally, there is a looming possibility of specific chip tariffs, as semiconductors are currently undergoing a U.S. national security investigation under Section 232 of the Trade Expansion Act of 1962.
All these events transpired just over a month prior to the iPhone 17 launch slated for September, raising fresh concerns that prices may be climbing for the iPhone 17 series.
