Overview

• Apple reported stronger-than-expected Q2 earnings with $1.65 EPS on $95.4 billion in revenue, surpassing Wall Street estimates.
• The company announced that most iPhones sold in the U.S. this quarter will be sourced from India, while nearly all iPads, Macs, Apple Watches, and AirPods will come from Vietnam.
• Apple anticipates $900 million in tariff-related costs this quarter due to heightened U.S.–China trade tensions and shifting global policies.
• The company plans to source over 19 billion chips from U.S. manufacturers in 2025, further diversifying its supply chain to reduce reliance on China.
• CEO Tim Cook emphasized that the supply chain realignment reflects a strategy to mitigate geopolitical risks and ensure operational resilience.