Apple has asked the United States government to exclude Apple Watch, AirPods, HomePod, iPhone components, and other devices and parts imported from China from the 15 percent tariff that went into effect on September 1, reports Bloomberg.
Apple filed for exclusions on 11 products or components on Thursday, which was the first day that companies were able to ask for relief from tariffs.
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During Apple's earnings call earlier this week, Apple CEO Tim Cook confirmed that Apple is already paying tariffs on some of its products. Cook also said that Apple is hopeful the United States and China will resolve the trade dispute.
"I don't know every chapter of the book, but I think that will eventually happen," Cook said. "I certainly hope it happens during the quarter, but we'll see about that."
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Apple asked for tariff exemption for Mac Pro components earlier this year, and though Trump initially said Apple would not be granted tariff relief, Apple did indeed receive exemptions for some of the Chinese made components, and in turn agreed to manufacture the new Mac Pro in Texas.
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Apple just released their financials that showed nearly a 38% gross profit margin.Would you still buy an iphone at 3 times its current price?
Apple has significant room to have higher costs without increasing the prices.
they just have to have the "courage" to tell wallstreet to **** off.
but with Tim Cook, that will NOT happen because his avarice is the same as those in wallstreet. The stock price is all that matters at the end of the day to them, and that means pushing margins as high as possible.
We need to stop making excuses for this sort of pure greed by Apple and it's share holders.
In its request for tariff waivers, Apple said that it has been unable to find a source outside of China able to meet the U.S. demand for products or components in the coming year.
Unable to find a source as cheap as China, right?