Apple's Q3 Sales Boosted by Consumers Scrambling to Beat Tariff Price Hikes
Apple customers afraid of massive price hikes because of tariffs helped Apple's device sales during the fiscal third quarter of 2025, Apple CEO Tim Cook said today.

Speaking to Reuters, Cook said that approximately one percentage point of Apple's 10 percent sales growth in Q3 2025 can be attributed to customers buying more products to get ahead of tariffs.
"We saw evidence in the early part of the quarter, specifically, of some pull-ahead related to the tariff announcements," Cook said.
When U.S. President Donald Trump first announced tariffs in April, there were reports suggesting that iPhone prices could increase significantly as a result, going as high as $2,300. Customers who were worried about higher prices opted to make a purchase before the tariffs went into effect.
Cook said that Apple incurred $800 million in tariff related costs in the June quarter, and it expects $1.1 billion in tariff costs in the September quarter if the current tariffs do not change and if no new tariffs are added.
Popular Stories
Apple CEO Tim Cook and incoming CEO John Ternus are attending this year's Sun Valley Conference, according to Forbes.
Allen & Co., the boutique investment firm behind the event, uses the conference as an annual excuse to put media, tech, and finance leaders in the same rooms for a week of closed-door talks at the Sun Valley Lodge. This year's event began on July 7 and is expected to run...
Tim Cook will participate in his final Apple earnings call as the company's CEO today. The call begins at 2 p.m. Pacific Time / 5 p.m. Eastern Time.
Cook and CFO Kevan Parekh will discuss Apple's earnings results for the second quarter of the 2026 calendar year on the live-streamed conference call. While the call is primarily intended for Apple shareholders and Wall Street analysts, anyone...
Apple CEO Tim Cook today confirmed that today's call was his last as CEO, with John Ternus set to become Apple's new CEO on September 1. Cook will transition to a new role as executive chairman when Ternus becomes CEO.
I just wanted to take a moment to say thank you to all of you, from our shareholders, particularly our long-term shareholders who have put their trust in us for so many years, ...