Apple CEO Tim Cook announced during the fiscal Q2 2025 earnings call on May 2 that the company anticipates a loss of approximately US$900 million in the fiscal Q3 period (March 30 to June 28, 2025) due to US tariff policies.
The uncertainty surrounding US tariff policies has raised concerns among investors about Apple's profitability outlook. On May 2, Apple's stock fell by more than 3%, closing at US$205.35, down about 3.74% from the previous trading day. Year-to-date, Apple shares have dropped approximately 15.79%. As of May 2, two Wall Street institutions have downgraded Apple's stock rating.
The uncertain tariff landscape is also impacting the broader operational outlook for US tech companies. In related developments, the European Commission recently issued a press release accusing Apple and a leading metaverse platform company of violating the Digital Markets Act. The Commission has ordered compliance within a set timeframe and imposed fines amounting to hundreds of millions of dollars.
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