Apple Inc.’s much-awaited quarterly earnings report failed to soothe investor concerns about its biggest challenges, including escalating tariff costs and a slowdown in China.

Apple is moving much of its production for U.S. markets out of China, responding to President Donald Trump's ongoing tariff policies.

Apple reported a decline in revenue for mainland China, Hong Kong and Taiwan for the quarter ended March 29, as the US tech giant continued to lose ground in the Chinese market amid a trade war with the US and fierce domestic competition.

Several companies have pulled their full-year outlook for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.

Both by getting an exemption, and by toiling for seven years to diversify its iPhone manufacturing efforts outside of China, the $900 million estimate of tariff impacts in the third quarter is paltry compared to what it could have been,

Quarterly earnings from both Amazon and Apple Inc., two of the world’s most valuable companies, put on full display how US President Donald Trump’s trade wars threaten the bottom line of even big