Breitbart
Apple reported its highest March-quarter revenue in over two years, reaching $95 billion, as customers rushed to purchase devices ahead of potential new U.S. tariffs. As a result of the ongoing trade war with China, the tech giant announced that the majority of U.S. iPhones would come from India, while iPads and other devices would be imported from Vietnam.
The Wall Street Journal reports that Apple announced a significant surge in revenue for the March quarter, driven by strong demand for iPhones and other devices as customers moved to make purchases before the introduction of new U.S. tariffs in April. The tech giant reported a five percent increase in sales, reaching $95 billion, surpassing analyst expectations. Net income for the quarter also rose by nearly five percent compared to the same period last year, reaching $24.8 billion.
One of the key factors contributing to the strong sales was the release of the iPhone 16e during the quarter. This lower-end model, which features limited artificial intelligence capabilities, helped drive demand alongside the pre-tariff buying rush. However, Apple faces ongoing challenges due to its exposure to China, where most of its devices have been traditionally assembled. The company has been one of the hardest hit by the Trump administration’s global tariff pressure, with shares taking a significant hit after the announcement of the Liberation Day tariffs.
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