Apple girds for more trade war pain, trims buyback
Sebastian Ujică
SAN FRANCISCO: Apple on Thursday (May 1) trimmed its share buyback program by US$10 billion, with CEO Tim Cook telling analysts that tariffs could add about US$900 million in costs this quarter as the iPhone maker shifts its vast supply chain to minimise the impact of President Donald Trump's trade war. Cook also said Apple's planned US$500 billion in spending to expand its US footprint would involve both capital outlays and increased operational expenses as it builds out server and chip
din zilele anterioare