Overview

• Apple expects $900 million in additional costs due to U.S. tariffs on Chinese imports in the June quarter, prompting a shift of production to India and Vietnam for U.S.-bound products.
• Amazon reported better-than-expected Q1 earnings but flagged slowing growth in its cloud division and issued cautious guidance citing tariff impacts and economic uncertainties.
• Apple's Services division missed revenue expectations, while its sales in China declined 2.3% to $16 billion, falling short of analysts' estimates.
• China is evaluating U.S. proposals for tariff negotiations but has reiterated its demand for the removal of all unilateral tariffs.
• In contrast to hardware-focused peers, Microsoft and Meta reported strong AI-driven earnings, underscoring a growing divide within the tech sector.