In spite of persistent global market uncertainties and a burgeoning trade war between the U.S. and China, Apple has once again achieved impressive financial results and maintains a positive outlook for the future.

In its most recent earnings release, Apple reported quarterly revenues of $95.4 billion, which reflects a 5% increase from the same quarter last year. The company also noted a net income of $24.78 billion, an increase of 4.6% year over year.

As it looks to the future, Apple faces possible obstacles due to newly implemented tariffs by the Trump administration on imports from China. Given that China is a key manufacturing center for Apple—especially concerning iPhones—these tariffs could affect the company’s supply chain. Nevertheless, Apple seems to be taking proactive measures to alleviate these risks.

CEO Tim Cook mentioned to CNBC that about half of the iPhones sold in the U.S. are now sourced from India. For other flagship products like Macs, iPads, AirPods, and the Apple Watch, Cook remarked that “almost all” are currently produced in Vietnam.

However, Apple is not completely insulated from the repercussions of tariffs. The U.S. has also introduced tariffs on items from Vietnam and India. Furthermore, Cook conceded that Apple continues to manufacture the majority of its products for markets outside the U.S. in China. Consequently, the company expects tariffs to impose an additional $900 million in costs for the ongoing quarter, though Cook stressed that predicting these numbers accurately is challenging.

Notably, Cook’s statements correspond with a recent report from the Financial Times which indicates that Apple plans to produce all iPhones intended for the U.S. market in India by the end of 2026. Judging by the current trajectory, the company seems poised to reach that goal.

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